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Statoil to get stake in Tanzania Block 6

Statoil has agreed to acquire a 12% working interest in 5,549-sq-km Block 6 offshore Tanzania from Petrobras Tanzania Ltd., the operator.

Water depth in the block is 1,800 m.

Block 6 is about 170 km north of Block 2, where Statoil, as operator working in partnership with ExxonMobil, has made three discoveries of natural gas since 2012 (OGJ Online, Mar. 18, 2013).

After the farmin, which is subject to approval of Tanzanian officials, Block 6 interests will be Petrobras Tanzania 38%, Shell Deepwater Tanzania BV 50%, and Statoil 12%.


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2013/05/statoil-to-get-stake-in-tanzania-block-6.html