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From Earlier: Statoil Announces Second High-Impact Discovery for Statoil Offshore Tanzania

Eddie Staley, Benzinga Staff Writer
June 14, 2012 7:51 AM
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Tickers: STO, XOM
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Statoil (NYSE: STO) and partner ExxonMobil (NYSE: XOM) 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.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Posted in: News, Global

 

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