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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Exxon Mobil Corp | NYSE:XOM | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -3.29 | -2.71% | 118.04 | 119.10 | 116.22 | 118.66 | 27,260,126 | 01:00:00 |
From Apr 2019 to Apr 2024
By Dominic Chopping
Norway's Statoil (STO) said Monday it has made an additional natural gas discovery at the Mdalasini-1 exploration well offshore Tanzania.
It said the discovery of an additional 1.0-1.8 trillion cubic feet (tcf) of natural gas at the well brings the total of in-place volumes to approximately 22 tcf in Block 2.
Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere, said "Since the start of the programme in February 2012, we have drilled 13 wells and made eight discoveries, including Mdalasini-1."
"We still see prospectivity in the area, but after appraising the Tangawizi-1 high-impact discovery, which was made in March 2013, there will be a pause in the drilling to evaluate the next steps and to mature new prospects."
Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest.
ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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