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.



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