Exxon, Statoil announce large offshore gas find in Tanzania

03/18/2013 | Wall Street Journal, The

ExxonMobil and Statoil made a "high-impact" natural gas find off the coast of Tanzania. The companies' Tangawizi-1 well struck between 4 trillion and 6 trillion cubic feet of natural gas, Statoil said. "The success in Block 2 is the result of an ambitious and successful drilling campaign," said Tim Dodson, executive vice president for exploration at Statoil.

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