Statoil farms in to new license offshore Tanzania

Statoil has acquired a 12% working interest from Petrobras Tanzania Ltd. in the block 6 license offshore Tanzania.

Statoil Tanzania
Statoil Tanzania

Offshore staff

STAVANGER, Norway– Statoil has acquired a 12% working interest from Petrobras Tanzania Ltd. in the block 6 license offshore Tanzania.

Block 6 covers 5,549 sq km (2,142 sq mi) in the Mafia basin in 1,800 m (5,905 ft) of water. The block is about 170 km (106 mi) north of theStatoil-operated block 2, where the company has made three high-impact gas discoveries.

After the farm-in completion, operator Petrobras Tanzania Ltd. will hold a 38% working interest, while Shell Deepwater Tanzania B.V. will hold the remaining 50%. The transaction is subject to approval by Tanzanian authorities.

5/24/2013

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