Statoil makes third major gas discovery in Tanzania

OSLO, March 18 Mon Mar 18, 2013 3:16am EDT

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OSLO, March 18 (Reuters) - Norwegian energy firm Statoil discovered 4-6 trillion cubic feet of gas offshore Tanzania, its third major discovery in the area, the firm said on Monday.

The discovery in the Tangawizi-1 well puts its total in-place volumes in the area at 15-17 trillion cubic feet while recoverable volumes are around 10-13 trillion cubic feet, the firm added.

Statoil operates the license with a 65 percent working interest with ExxonMobil holding the remaining 35% percent.

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