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Statoil discovery increases Tanzania LNG prospects

LNG Industry,

Statoil has announced a new natural gas discovery offshore Tanzania, in the Mdalasini-1 exploration well.

The discovery of an additional 1.0 - 1.8 trillion ft3 of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approximately 22 trillion ft3 in Block 2. The discovery has increased prospects for the Tanzania LNG project.

“The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania,” explained Nick Maden, Senior VP for Statoil's exploration activities in the Western Hemisphere.

“Since the start of the programme in February 2012, we have drilled 13 wells and made eight discoveries, including Mdalasini-1. We still see prospectivity in the area, but after appraising the Tangawizi-1 high-impact discovery, which was made in March 2013, there will be a pause in the drilling to evaluate the next steps and to mature new prospects.”

Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest.

Adapted from press release by Katie Woodward

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