Statoil (STO) and partner ExxonMobil (XOM) find more gas offshore Tanzania, its third discovery...

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO) and partner ExxonMobil (XOM) find more gas offshore Tanzania, its third discovery in the country this year. STO did not release an estimate for the find but said it was "promising" and new figures would be revealed in 2013; it had already found ~9T cubic ft. of gas in the area and said it would need another 3T to make commercial development viable.