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Resources Sunday, April 12, 2015
DAR ES SALAAM, Tanzania - Norway's Statoil recently discovered an additional one to 1.8 trillion cubic feet (tcf) of natural gas off-shore Tanzania.
This brings the total of on-place volumes up to approximately 22 tcf in Block 2 from the Mdalasini-1 exploration well alone.
In a company statement, Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere, said: "The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania."
"Since the start of the programme in February 2012, we have drilled 13 wells and made eight discoveries, including Mdalasini-1. We still see prospectivity in the area, but after appraising the Tangawizi-1 high-impact discovery, which was made in March 2013, there will be a pause in the drilling to evaluate the next steps and to mature new prospects," he said.
Statoil has drilled the Mdalasini-1 well with 100% working interest.
The Mdalasini-1 discovery is located at a 2,296-metre water depth at the southernmost edge of the block. The new gas discovery has been made in Tertiary and Cretaceous sandstones.
Previously Statoil and ExxonMobil made seven discoveries in Block 2, including the five high-impact gas discoveries Zafarani-1, Lavani-1,Tangawizi-1, Mronge-1 and Piri-1, as well as the discoveries in Lavani-2 and Gilligiliani-1.
Statoil operated the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest.
ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
TPDC has the right to a 10% working interest in case of a development phase. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for Block 2.
Meanwhile, Royal Dutch Shell is going to take over the Tanzanian rights of BG, after making a successful bid for the British gas company.
For $70 billion, Shell will now become a major player in the global gas business. As demand soars, companies are looking to liquefied natural gas, (LNG) of which Tanzania has huge proven deposits.
The process involves supercooling natural gas into a liquid that can be transported around the world on ships.
By Leonard Magomba, Sunday, April 12th, 2015
EAST AFRICAN BUSINESS WEEK
DAR ES SALAAM, Tanzania - Norway's Statoil recently discovered an additional one to 1.8 trillion cubic feet (tcf) of natural gas off-shore Tanzania.
This brings the total of on-place volumes up to approximately 22 tcf in Block 2 from the Mdalasini-1 exploration well alone.
In a company statement, Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere, said: "The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania."
"Since the start of the programme in February 2012, we have drilled 13 wells and made eight discoveries, including Mdalasini-1. We still see prospectivity in the area, but after appraising the Tangawizi-1 high-impact discovery, which was made in March 2013, there will be a pause in the drilling to evaluate the next steps and to mature new prospects," he said.
Statoil has drilled the Mdalasini-1 well with 100% working interest.
The Mdalasini-1 discovery is located at a 2,296-metre water depth at the southernmost edge of the block. The new gas discovery has been made in Tertiary and Cretaceous sandstones.
Previously Statoil and ExxonMobil made seven discoveries in Block 2, including the five high-impact gas discoveries Zafarani-1, Lavani-1,Tangawizi-1, Mronge-1 and Piri-1, as well as the discoveries in Lavani-2 and Gilligiliani-1.
Statoil operated the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest.
ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
TPDC has the right to a 10% working interest in case of a development phase. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for Block 2.
Meanwhile, Royal Dutch Shell is going to take over the Tanzanian rights of BG, after making a successful bid for the British gas company.
For $70 billion, Shell will now become a major player in the global gas business. As demand soars, companies are looking to liquefied natural gas, (LNG) of which Tanzania has huge proven deposits.
The process involves supercooling natural gas into a liquid that can be transported around the world on ships.
By Leonard Magomba, Sunday, April 12th, 2015
EAST AFRICAN BUSINESS WEEK
