Tanzania: ExxonMobil moves in

Norway’s Statoil has signed an agreement with an affiliate of ExxonMobil to transfer 35% of its interest in deep-water Block 2. Statoil now holds a 65% interest in the 11,099km2 block. A phase of 2D seismic acquisition was completed in 2008 and the acquisition of a 3D seismic survey was completed in February. “Statoil is looking forward to working with ExxonMobil in our frontier acreage offshore Tanzania. This is a deep-water environment and both companies have extensive deep-waterexperience,” said Statoil senior vice president exploration Tim Dodson.