Statoil : Second high-impact discovery for Statoil offshore Tanzania
(Thomson Reuters ONE) -
Statoil (OSE: STL, NYSE:STO) and partner ExxonMobil have made a large gas
discovery in the Statoil-operated Block 2 licence in Tanzania.
The logging results from the Lavani well confirm a new high-impact discovery for
Statoil, with a preliminary resource estimate of 3 trillion cubic feet (Tcf) of
gas in place. The Lavani well has encountered 95 metres of excellent quality
reservoir sandstone with high porosity and high permeability.
"The result from Lavani, which is only 16 kilometres south of our recent
Zafarani discovery, confirms the high potential in Block 2. We are also pleased
to announce that the recently drilled Zafarani sidetrack added another 1 Tcf of
gas in place. This is in addition to the up to 5 Tcf announced in February. The
results so far mark an important step towards a possible natural gas development
in Tanzania," says executive vice president for Exploration in Statoil, Tim
Dodson.
"The Lavani discovery demonstrates how Statoil's strategy of focusing on high-
impact opportunities is paying off and supports the company's ambition for
international growth," Dodson adds.
The Lavani well, drilled in 2,400-metre water depth, is the second exploration
well in Block 2 - which covers an area of approximately 5,500 square kilometres.
The well is drilled by Ocean Rig Poseidon with operations still ongoing.
The Lavani discovery is the seventh high-impact discovery made by Statoil over
the last 14 months. The other high-impact discoveries are Zafarani in Tanzania,
Skrugard and Havis in the Barents Sea, Johan Sverdrup (formerly
Aldous/Avaldsnes) in the North Sea, and Peregrino South and Pão de Açúcar (non-
operated) in Brazil.
Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum
Development Corporation (TPDC) and has a 65% working interest, with ExxonMobil
Exploration and Production Tanzania Ltd. holding the remaining 35%. Statoil has
been in Tanzania since 2007, when it was awarded the licence for Block 2.
(*) "High-impact well" = a total of more than 250 million barrels of oil
equivalent (boe), or 100 million boe net to Statoil.
For more information, please contact:
Investor relations
Lars Valdresbråten, investor relations officer,
Tel: + 47 402 81 789 (mobile)
Morten Sven Johannessen, vice president, investor relations North America,
Tel: +1 203 570 2524 (mobile)
Media relations
Bård Glad Pedersen, press spokesperson,
Tel: +47 91 80 17 91 (mobile)
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via Thomson Reuters ONE
[HUG#1619599]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2012 - 07:59 Uhr
Sprache: Deutsch
News-ID 156411
Anzahl Zeichen: 3444
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Statoil : Second high-impact discovery for Statoil offshore Tanzania"
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