Statoil full steam ahead off Tanzania

Promising: the drillship ocean rig Poseidon and support vessels at the Zafarani location off Tanzania

STATOIL

By Beate Schjolberg Oslo

 31 May 2012 22:59 GMT

Norwegian player Statoil is optimistic that its discovery of more than 1 billion barrels of oil and gas in Brazil’s ­Campos Basin will boost its chance of success across the Atlantic in Angola.

“Geologically, Brazil and Angola have been the same, and this is the Brazilian well that has been drilled closest to our acreage in Angola,” says Tim Dodson, Statoil’s head of exploration. The Brazilian Pao de Acucar discovery “is very important in itself, but it also increases our confidence considerably” for the Angolan pre-salt play in the Kwanza Basin, Dodson says in an interview.

The Norwegian player aims to spud its first operated exploration well in the Angolan pre-salt play in late 2013 or early 2014. To determine where to target its first…

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