Statoil Completes Tanzania Farm-In

Statoil ASA reported Friday that it has acquired a 12-percent working interest in the Block 6 license, offshore Tanzania, from operator Petrobras Tanzania.

Block 6 covers 2,130 square miles in the Mafia basin, offshore Tanzania. It is located approximately 105 miles north of Statoil's Block 2, where the company made three high-impact gas discoveries in 2012 and earlier this year.

After the farm-in completion Petrobras Tanzania will remain operator with a 38-percent interest, while the remaining 50-percent will be held by Shell Deepwater Tanzania.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  ExxonMobil Starts Fuels Production at ... (Sep 21)
 -  How to Become a Safety Engineer (Sep 18)
 -  How to Become a Geologist (Sep 15)
 -  Oil, Gas Industry Leadership Group to ... (Sep 14)
 -  CB&I Wins China PDH Unit Contract (Sep 11)


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager
Expertise: Mechanical Engineering|Project Management
Location: La Porte, TX
 
Technical Sales Manager - Production Chemicals
Expertise: Business Development|Production Technologist|Sales
Location: Midland, TX
 
Sr Land Analyst - Midstream Services
Expertise: Lease Analyst
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $56.43/BBL 0.40%
Light Crude Oil : $50.55/BBL 0.27%
Natural Gas : $2.95/MMBtu 5.44%
Updated in last 24 hours