Statoil: Tanzania find has up to 5 trillion cubic feet of gas

hata hazituhusu coz haztunufaishi..

Mwenda_Pole said:

Norwegian oil group Statoil and US company ExxonMobil have together discovered a large natural gas field off the coast of Tanzania, Statoil announced on Friday.

The field's gas reserves are estimated at about 140 billion cubic metres, it said.The size of the deposit could turn out to be bigger, since the field's exact contours have not yet been fully determined and exploratory drilling is still underway, Statoil spokesman Bård Glad Pedersen told AFP."The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability. The gas-water contact has not been established and drilling operations are on-going," the company said in a statement.This is Statoil's fifth major oil or gas discovery in the past year, after large fields were found in the North and Barents seas and off of Brazil.Statoil, which holds the operating licence off Tanzania, owns 65 percent of the field and ExxonMobil 35 percent. Tanzania Petroleum Development Corporation will be entitled to 10 percent of the project once it enters into operation, Statoil said.

SOURCE: Statoil makes major gas find off Tanzania - The Local​

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This is great news. But gold is still better

90% kwa wageni, 10% kwa watanzania.

.... and the story goes on.

wale wazenji midomo yao naona bado haijawawasha bado..

Edward Teller said:

wale wazenji midomo yao naona bado haijawawasha bado..

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Hii si iko baharini ambako Jussa anasema ni mipaka yao? Anyway ngoja tuone mambo yanavyokwenda

More discoveries more pains to the people.

90% kwa wageni, 10% kwa watanzania.

.... and the story goes on.

The only thing that is still undiscovered - it remains to be a rarity - is the able and available leadership

Kugunduliwa kwa gesi hii ni faida kwa wachukuzi waitwao wawekezaji si wadanganyika. Mie najisikia kulia. Hata hao wezenj wakipiga kelele ni kujisumbua. Kimsingi madini na nishati haviwasaidii wabara wala wazenj bali mafisadi na mabwana zao.

As a Tanzanian I am supposed to be elated of the so wonderful news..... BUT how can I be while I know for a fact nothing will change for the better to a commoner? Habari kama hii badala ya kukufurahisha ya ku depress!

Statoil $1.2 Billion Tanzania Find May Hold Oil in New Play


By Eduard Gismatullin and Brian Swint - Feb 24, 2012 11:58 AM ETFri Feb 24 16:58:34 GMT 2012

Statoil ASA (STL) and Exxon Mobil Corp. (XOM)'s largest gas discovery off Tanzania may hold crude oil or natural-gas liquids, opening a new "play" in East Africa, Norway's biggest oil producer said.

The partners have drilled the Zafarani exploration well in Block 2, discovering at least 5 trillion cubic feet of dry gas, Statoil said today in a statement. The discovery could be worth $1.2 billion, said Theepan Jothilingam, an analyst at Nomura Holdings Inc.

"We think it's a different play, a different age reservoir compared to what's been proven" in Tanzania and Mozambique so far, Statoil Executive Vice President for Exploration Tim Dodson said in a phone interview. "It's probably an older reservoir than the other discoveries." Statoil plans to deepen the well by "several hundred meters" to test if "there could be some liquid potential as well," Dodson said.

Statoil, based in Stavanger, Norway, plans to focus on exploration off Tanzania and Mozambique, where BG Group Plc (BG/), Eni SpA (ENI) and Anadarko Petroleum Corp. (APC) found more than 70 trillion cubic feet of gas. The Norwegian company is joining the race for gas in East Africa so it can be turned into liquid and shipped to China and India, the world's fastest-growing major economies.

"The Zafarani discovery should be seen as a play-opening well for Statoil in East Africa," Jothilingam wrote in an e-mailed report. He based his discovery valuation on Royal Dutch Shell Plc's $1.6 billion bid this week for Mozambique-focusedCove Energy Plc. (COV) "There is a risk of larger resource numbers"at Zafarani, he said.
Next Target

Statoil operates the license on Block 2 on behalf ofTanzania Petroleum Development Corp. (PETD) and has a 65 percent interest. Exxon holds the remaining 35 percent. TPDC has the right to a 10 percent working interest if the project moves to development.
After completing Zafarani, Statoil plans to move the rig to drill the Lavani prospect in Block 2, the company said. It also plans to drill its first well in the Rovuma basin off Mozambique in early 2013.

Lavani has "quite an interesting potential as well, maybe not quite as much as the Zafarani structure, but quite significant volumes there as well," Dodson said. "East Africa is a hotspot for exploration."

Statoil plans to invest $3 billion in exploration worldwide this year, he said.
The company's shares rose 1.4 percent to 157.1 kroner in Oslo.
To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.netEduard Gismatullin in London at egismatullin@bloomberg.net
To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

Mazingira said:

Goodnews. Natumani hawa Wanorwegian si wezi kama hawa WaCanada wanaotuibia madini yetu na kutuachia mashimo.

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wote ni wezi tu.

nngu007 said:

Fri Feb 17, 2012 7:08am GMT OSLO Feb 17 (Reuters) - Norwegian oil and gas firm Statoil has encountered indications of natural gas in a "good quality reservoir" in the Zafarani-1 well in Block 2 offshore Tanzania, it said on Friday. The firm added that it was too early to give any indication on the size and commerciality of the find. Statoil holds 65 percent of the bloc while ExxonMobil has the remaining 35 percent.

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du kudadeki sasa serikali haona hata 1% kwenye hii investment??