Statoil Makes 8th Gas Discovery in Block 2 Offshore Tanzania

Statoil on Monday announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.

The discovery of an additional 1.0-1.8 trillion cubic feet (tcf) of natural gas in place in the Mdalasini-1 well, brings the total of in-place volumes up to approx. 22 tcf in Block 2.  The Mdalasini-1 discovery is located at a 2,296-metre water depth at the southernmost edge of the block. The new gas discovery has been made in Tertiary and Cretaceous sandstones.

“The Mdalasini-1 discovery marks the completion of the first phase of an efficient and successful multi-well exploration programme offshore Tanzania,” said Nick Maden, senior vice president 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 has drilled the Mdalasini-1 well with a 100% working interest. Previously Statoil and co-venturer ExxonMobil have made seven discoveries in Block 2, including the five high-impact gas discoveries Zafarani-1, Lavani-1, Tangawizi-1, Mronge-1 and Piri-1, as well as the discoveries in Lavani-2 and Gilligiliani-1.

Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65 percent working interest. ExxonMobil Exploration and Production Tanzania holds the remaining 35 percent. TPDC has the right to a 10% working interest in case of a development phase.