ExxonMobil to take stake with Statoil off Tanzania

ExxonMobil Exploration & Production Tanzania Ltd. agreed to take a 35% interest in deepwater Block 2 off Tanzania from operator Statoil Tanzania AS.

By OGJ editors
HOSUTON, Mar. 31
-- ExxonMobil Exploration & Production Tanzania Ltd. agreed to take a 35% interest in deepwater Block 2 off Tanzania from operator Statoil Tanzania AS.

The Tanzania government approved the transaction earlier this month. Statoil now holds 65% interest in the 11,099-sq-km block for which it signed a production-sharing agreement in 2007.

A 3D seismic survey was completed in February.

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