Statoil and ExxonMobil Discover New Gas Near Tanzania

Reuters reported that Norwegian Statoil and partner ExxonMobil have discovered more gas offshore, near Tanzania.

As quoted in the market report:

Statoil and partner ExxonMobil found more gas in the Lavani prospect when work to deepen a well encountered a separate and “significant” gas reservoir. Statoil would not release an estimate for the find but said it was “promising” and new figures would be revealed in 2013.

To view the whole Reuters report, click here.