Statoil makes another natural gas discovery in Block 2 offshore Tanzania, boosting gas volumes by 1 to 1.8 trillion cubic feet of gas, the company says.
OSLO, March 30 (Reuters) - Norwegian energy firm Statoil has made another natural gas discovery in Block 2 offshore Tanzania, boosting gas volumes by 1.0-1.8 trillion cubic feet of gas (28.5-51.3 billion cubic metres) the company said on Monday.
That brings the total discovered gas volumes in Block 2 to approximately 22 trillion cubic feet, it added.
The company believes more discoveries can be made in the area, but said it will now concentrate on appraising one of its previous seven discoveries. Following this, there will be a pause in drilling "to evaluate next steps and to mature new prospects", Statoil said.
The company has said it may build a liquefaction plant with Britain's BG Group, which operates neighbouring exploration blocks.
Unlike the previous discoveries in the block, where ExxonMobil participated with a 35 percent stake, Statoil said it had paid 100 percent of the cost for the latest well.
(Reporting by Terje Solsvik; editing by Jason Neely)
Osborne Reveals Raft of Measures to Boost UK Oil Production
Careers in Sales in High Demand for N. American Oil, Gas Industry in Feb.
Rig Trends: Floating Rig Market Facing High 2015 Contract Rollovers
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add 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.
Most Popular Articles
From the Career Center
Jobs that may interest you