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

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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.

Posted-In: News Global

 

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