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Statoil Discovers Additional Natural Gas in Tanzania

December 24, 2012
1 minute read

The Norwegian oil & gas energy company Statoil announced that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania.

The Lavani-2 discovery is Statoil’s third discovery in 2012.

According to Mr Nick Maden, Senior Vice president in Exploration International “These discoveries continue to support our confidence in the […] potential in Tanzania”.

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“We are pleased to hear about additional gas resources […] and eagerly awaiting for further information,” said the Tanzanian Minister for Energy and Minerals, Hon. Prof. Sospeter Muhongo.

Statoil operates on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest, with ExxonMobil Exploration and Production Tanzania Limited holding the remaining 35%.

The co-venture is expected to announce updated about total volumes next year.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

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