M a r k e t N e w s

Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery.

Posted on : Wednesday, 15th October 2014

 Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2.The Giligiliani-1 discovery is located along the western side of block 2 at a 2,500-metre water depth. The new gas discovery was made in Upper Cretaceous sandstones. “This discovery has proven the gas play extends into the western part of block 2, which opens additional prospects.

Our success rate in Tanzania has been high and opening up a new area will be key to continuing our successful multi-well programme,” said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. The rig Discoverer Americas will now drill the Kungamanga prospect located in the central part of block 2. The Giligiliani-1 discovery is the venture’s seventh discovery in block 2. It is preceded by the five high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1, Mronge-1 and Piri-1, and a discovery in Lavani-2. 

Source : SPTEC Advisory
Featured Companies
  • /
  • African Business Development Association
  • /
  • TITAN Containers A/S
  • Mercury Tube Products
  • SMES Today Magazine
  • DOOREE INTERNATIONAL CO LTD
  • africabusiness.com
  • Your Banner HERE!

Complete List  

Advertisers:

Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2021 Afrotrade