ExxonMobil to take stake with Statoil off Tanzania
March 31, 2010
ExxonMobil Exploration & Production Tanzania Ltd. agreed to take a 35% interest in deepwater Block 2 off Tanzania from operator Statoil Tanzania AS.
By OGJ editors HOSUTON, Mar. 31 -- ExxonMobil Exploration & Production Tanzania Ltd. agreed to take a 35% interest in deepwater Block 2 off Tanzania from operator Statoil Tanzania AS.
The Tanzania government approved the transaction earlier this month. Statoil now holds 65% interest in the 11,099-sq-km block for which it signed a production-sharing agreement in 2007.
