Norwegian energy giant Statoil has made another gas discovery offshore Tanzania, the company announced today.
It is the firm’s and its partner ExxonMobil’s sixth discovery in the Piri-1 well in Block 2, drilled by Discoverer Americas (pictured).
The new discovery would add two to three trillion cubic feet (tcf) of natural gas in the second block – with one tcf equivalent to 180 million barrels of oil – bringing the total volume up to around 20 tcf.
Nick Maden, Senior Vice President for Statoil’s exploration activities in the Western Hemisphere said: “Since 2012 we have had a 100% success rate in Tanzania and the area has become a core exploration area in a very short period of time. We quickly went from drilling one well to a multi-well programme and with Piri-1 we are continuing the success.”
Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% interest. ExxonMobil Exploration and Production Tanzania hold the remaining 35%.