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.
Statoil signed a production sharing agreement with the Tanzanian
Petroleum Development Cooperation (TPDC) on 18 April, 2007 (Effective date is
15 June, 2007).
Statoil Tanzania AS is the operator with 65 per cent interest with ExxonMobil
Exploration and Production Limited as partner with a 35 per cent interest.
The exploration period started in 2007 and is divided into three
stages:
* The first exploration
period of four years with a 2D seismic commitment
* The first extension period
of four years with a one well drilling commitment
* The second extension period
of three years with a one well drilling commitment
The total area of Block 2 is 11,099 square kilometres, and it lies in
water depths of between 400 and 3000 metres. This is a frontier area where no
wells had been drilled before 2010.
A 6200-kilometre 2D seismic survey was acquired during the first
quarter of 2008 and a 1600 sqkm 3D seismic survey was acquired in first quarter
2010.
The processed 3D data was received during third and fourth quarter of
2010 and is currently being evaluated for potential drilling in late 2011 or
2012.
Source: Reuters, af.reuters.com
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