Statoil finds gas off Tanzania

Norwegian oil firm Statoil said yesterday it had discovered a large gas deposit off Tanzania. Statoil and ExxonMobil found 3 trillion cubic feet of gas in the Lavani well 2,400 metres under the sea. The discovery confirms Statoil's recent track record for solid upstream success after it has made big finds in the mature areas of the North Sea, the Arctic Barents sea, Brazil and Tanzania.