Statoil successfully tests Tanzania well

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

Statoil (STO) says it successfully tested its Zafarani reservoir offshore Tanzania in a key step for offshore development and onshore liquefied natural gas production.

The Zafarani-2 operation tested two separate intervals and flowed at a maximum of 66M cf/day of gas, constrained by equipment, and confirmed good reservoir quality and connectivity.

STO owns 65% of the license while ExxonMobil (XOM) holds the remaining 35%.