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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