Image - Statoil Makes Seventh Discovery Offshore Tanzania

Statoil Makes Seventh Discovery Offshore Tanzania

Statoil and co-venturer Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet (tcf*) of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21 tcf in block 2. The Giligiliani-1 discovery is located along the western side of block 2 at a 2,500-metre water depth...

Exploration - Oct 14, 2014


Statoil Sells 15.5% Share in Shah Deniz to Petronas for Usd 2.2 BN

Statoil has sold its 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% share in the SCPC holding company, and 12.4% share in the Azerbaijan Gas Supply Company (AGSC) to the Malaysian oil and gas company PETRONAS. The transaction value is USD 2.25 billion. The Shah Deniz field in the Caspian Sea. (Photo: Shahin Abasaliyev) “Statoil has created signifi...

Oil and Gas - Oct 13, 2014


Image - Eni has Been Awarded 3 New Exploration Licenses in Egypt

Eni has Been Awarded 3 New Exploration Licenses in Egypt

Eni continues to renew, expand and diversify its exploration portfolio. In the last months, Eni has entered into new countries, such as South Africa and Myanmar, and acquired new areas like, such as in China and Vietnam. San Donato Milanese (Milan), 25 September 2014 – Eni was the successful bidder of 3 new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon...

Oil and Gas - Sep 25, 2014