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

Norwegian oil firm Statoil said its recent gas discovery off the coast of Tanzania has so far proven to hold up to 5 trillion cubic feet of gas, the firm said on Friday.

"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," Statoil said in a statement.

The company first announced the discovery on Feb. 17 but said it was too early to discuss the size of the find.
Source: Reuters,af.reuters.com, reported by Balazs Koranyi in Oslo
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