UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Statoil posts third gas find in Tanzania

|
 
Published: Dec. 21, 2012 at 7:18 AM

STAVANGER, Norway, Dec. 21 (UPI) -- Norwegian energy company Statoil announced a "significant" natural gas find in deep waters off Tanzania.

The Norwegian company said its Lavani-2 exploration and appraisal well in 8,400 feet of water yielded a new natural gas discovery in Tanzania.

"When deepening the well to the second target, a separate and significant gas bearing reservoir ... was encountered," Statoil said.

Statoil is working in the region with Exxon Mobil. The Lavani-2 is the venture's third discovery offshore Tanzania this year.

"The discovery is important for Statoil's international growth and demonstrates how Statoil's exploration strategy of focusing on high-impact opportunities is paying off," Statoil said.

The World Bank announced last year it approved an International Development Association credit of $27.8 million to back Tanzania's energy expansion projects. U.S. officials had said a lack of energy is one of the main reasons for slow development in the region.

Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Energy Resources Stories
1 of 18
Palestinian  Security Forces Patrol the Border With Egypt.
View Caption
A members of the Hamas security forces patrol the border area between Gaza and Egypt, in the southern Gaza Strip May 20, 2013. Egyptian police angered by the kidnapping of seven colleagues by Islamist gunmen kept a crossing into the Gaza Strip closed again for four days, stranding hundreds of Palestinian travellers, As Tunnels between Egypt and Gaza closed and border was declared as military zone. Palestinian security forces patrol around the border, witnesses said. UPI/Ismael Mohamad
fark
Man kills self in Notre Dame cathedral in Paris. Tour guide not surprised, says he had a hunch back...
Photoshop these munching marmots
High school teacher put on suspension after touching student with a banana. "That is disgusting,...
Want to buy a blood sample that came from Mahatma Gandhi? It is up for auction in London
Ron Paul says, Fix the IRS by Shutting It Down 'once and for all'. Ron Farking Paul
Don't you love it when you buy an old watch at a garage sale for $40 and it turns out to be the...