We jamaa na habari zako za kiingereza tu halafu zote huwa unacopy kwenye magazeti. Si uwe unakuja na hoja zako mwenyewe kama unaweza.
Another rise in electricity bill to recover exploration costs......
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Statoil Largest Tanzania Discovery May Hold Oil, Opens New Play
By Eduard Gismatullin and Brian Swint - Feb 24, 2012
Statoil ASA (STL) and Exxon Mobil Corp. (XOM)s largest gas discovery off Tanzania may hold crude oil or natural-gas liquids, opening a new play in East Africa, Norways biggest oil producer said.
The partners have drilled the Zafarani exploration well in Block 2, discovering at least 5 trillion cubic feet of dry gas, Statoil said today in a statement. The discovery could be worth $1.2 billion, said Theepan Jothilingam, an analyst at Nomura Holdings Inc.
We think its a different play, a different age reservoir compared to whats been proven in Tanzania and Mozambique so far, Statoil Executive Vice President for Exploration Tim Dodson said in a phone interview. Its probably an older reservoir than the other discoveries. Statoil plans to deepen the well by several hundred meters to test if there could be some liquid potential as well, Dodson said.
Statoil, based in Stavanger, Norway, plans to focus on exploration off Tanzania and Mozambique, where BG Group Plc (BG/), Eni SpA (ENI) and Anadarko Petroleum Corp. (APC) found more than 70 trillion cubic feet of gas. The Norwegian company is joining the race for gas in East Africa so it can be turned into liquid and shipped to China and India, the worlds fastest-growing major economies.
The Zafarani discovery should be seen as a play-opening well for Statoil in East Africa, Jothilingam wrote in an e- mailed report. He based his discovery valuation on Royal Dutch Shell Plcs $1.6 billion bid this week for Mozambique-focused Cove Energy Plc. (COV) There is a risk of larger resource numbers at Zafarani, he said.
Next Target
Statoil operates the license on Block 2 on behalf of Tanzania Petroleum Development Corp. (PETD) and has a 65 percent interest. Exxon holds the remaining 35 percent. TPDC has the right to a 10 percent working interest if the project moves to development.
After completing Zafarani, Statoil plans to move the rig to drill the Lavani prospect in Block 2, the company said. It also plans to drill its first well in the Rovuma basin off Mozambique in early 2013.
Lavani has quite an interesting potential as well, maybe not quite as much as the Zafarani structure, but quite significant volumes there as well, Dodson said. East Africa is a hotspot for exploration.
Statoil plans to invest $3 billion in exploration worldwide this year, he said.
The companys shares rose 2 percent, the biggest intraday gain since Feb. 9, to 158.1 kroner by 1:20 p.m. in Oslo.
To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net Eduard Gismatullin in London at egismatullin@bloomberg.net
To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net
Statoil Largest Tanzania Discovery May Hold Oil, Opens New Play - Bloomberg
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Statoil: Tanzania find has up to 5 trillion cubic feet of gas
Fri Feb 24, 2012 7:05am GMT
OSLO Feb 24 (Reuters) - 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. (Reporting by Balazs Koranyi)
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Statoil: Tanzania find has up to 5 trillion cubic feet of gas | Reuters.com
Good luck to you guys....i hope they never ever discover that stuff in my country kenya.....
Kwa sababu ya ufisadi, mikataba hiyo ya gesi na wawekezaji itafanyika kimya kimya! Pamoja na utajiri wa namna hiyo, bado watanzania watabaki maskini!Norwegian oil group Statoil and US company ExxonMobil have together discovered a large natural gas field off the coast of Tanzania, Statoil announced on Friday.The field's gas reserves are estimated at about 140 billion cubic metres, it said.The size of the deposit could turn out to be bigger, since the field's exact contours have not yet been fully determined and exploratory drilling is still underway, Statoil spokesman Bård Glad Pedersen told AFP."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," the company said in a statement.This is Statoil's fifth major oil or gas discovery in the past year, after large fields were found in the North and Barents seas and off of Brazil.Statoil, which holds the operating licence off Tanzania, owns 65 percent of the field and ExxonMobil 35 percent. Tanzania Petroleum Development Corporation will be entitled to 10 percent of the project once it enters into operation, Statoil said.
SOURCE: Statoil makes major gas find off Tanzania - The Local
kkumbe kila kitu ni chao....sasa asilimia 10 zitatusaidia niniStatoil operates the license on Block 2 on behalf of Tanzania Petroleum Development Corp. (PETD) and has a 65 percent interest. Exxon holds the remaining 35 percent. TPDC has the right to a 10 percent working interest if the project moves to development.