Petrobras farms out Tanzanian offshore block to Statoil

offshore tanzania-Berardo62 flickrBlock 6 covers 5,549 sq km in the Mafia basin and sits in water depths of around 1.8km. (Image source: Berardo62/Flickr)Petrobras has farmed out a considerable portion of its holding in a block offshore Tanzania to Norwegian state-run oil company Statoil

The latter has received a 12 per cent stake in Block 6 in the Indian Ocean from the Brazilian state-owned energy company, Statoil announced.

The purchase price for the stake has, however, not been revealed.

Once the deal is completed, field operator Petrobras will have a 38 per cent share in the block along with Royal Dutch Shell in for 50 per cent.

Block 6 covers 5,549 sq km in the Mafia Basin and sits in water depths of around 1.8km.

Statoil said, “Block 6 is located approximately 170km north of the Statoil-operated Block 2, where the company in 2012 and 2013 has made three high-impact gas discoveries.”

Petrobras is also operator of the adjacent Block 5. In late 2011, the energy firm farmed out a 50 per cent stake in both blocks to Shell.

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