From Earlier: Statoil Announces Second High-Impact Discovery for Statoil Offshore 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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.