{"id":7048,"date":"2018-06-08T13:33:05","date_gmt":"2018-06-08T13:33:05","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=7048"},"modified":"2018-06-08T13:33:05","modified_gmt":"2018-06-08T13:33:05","slug":"exxon-mobil-seeks-leave-tanzanias-offshore-block-2","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/exxon-mobil-seeks-leave-tanzanias-offshore-block-2\/","title":{"rendered":"Exxon Mobil Seeks to Exit Tanzania\u2019s Offshore Block 2"},"content":{"rendered":"<p>U.S explorer and world\u2019s largest public listed oil and gas company Exxon Mobil is reported to be ditching Tanzania for neighboring Mozambique according to a report by Reuters citing three undisclosed banking and industry sources. According to the article Exxon Mobil plans to ditch offshore Block 2 in an attempt to free up cash and keep to the new CEO\u2019s Darren Wood\u2019s strategy to focus on the best prospects including Mozambique, Guyana and U.S shale.<\/p>\n<p>Exxon Mobil which holds a 35 percent stake in Tanzania\u2019s deepwater Block 2 field alongside Statoil with 65 percent has made <a href=\"https:\/\/bit.ly\/2xICxgw\">discoveries<\/a> totaling 23tcf including: Piri -1, Zafarani-1, Lavani-1, Tangawizi-1 and Mronge-1, and a discovery in Lavani-2.<\/p>\n<p>Among other reasons for Exxon Mobil\u2019s departure include delays in development due to lack of infrastructure.<\/p>\n<p>Just last year Exxon Mobil acquired 25 percent of \u00a0area 4 from Eni in a <a href=\"http:\/\/bit.ly\/2mqyIFo\">transaction<\/a> valued at $2.8 billion assuming responsibility for midstream operations. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni was tasked at leading the Coral floating LNG project and all upstream operations. The operating model will enable the use of best practices and skills with each company focusing on distinct and clearly defined scopes while preserving the benefits of an integrated project.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S explorer and world\u2019s largest public listed oil and gas company Exxon Mobil is reported to be ditching Tanzania for neighboring Mozambique according to a report by Reuters citing three &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/exxon-mobil-seeks-leave-tanzanias-offshore-block-2\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[271,6632,768,858,1391,1392,1428,1645,2050,2465,2466,2758],"class_list":["post-7048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-2","tag-coral-floating-lng-project","tag-eni","tag-exxon-mobil","tag-lavani-1","tag-lavani-2","tag-lng","tag-mronge-1","tag-piri-1","tag-tangawizi-1","tag-tanzania","tag-zafarani-1","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Block-2-Tanzania.png?fit=533%2C378&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1PG","jetpack-related-posts":[{"id":1908,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-exxon-mobil-discover-an-additional-1-2tcf-in-giligiliani-1-well-offshore-tanzania\/","url_meta":{"origin":7048,"position":0},"title":"Statoil, Exxon Mobil discover an additional 1.2TCF in Giligiliani-1 well offshore Tanzania","author":"Samuel Kamau Mbote","date":"October 14, 2014","format":false,"excerpt":"Statoil and co-venturer Exxon Mobil have announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an additional 1.2 trillion cubic feet of natural gas in place in the Giligiliani-1 well brings the total of in-place volumes up to approximately 21\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/10\/giligiliani-1.gif?fit=468%2C476&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6411,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-drill-block-2-tanzania-q1-2018\/","url_meta":{"origin":7048,"position":1},"title":"Statoil to drill in Block 2 Tanzania in Q1 2018","author":"","date":"October 16, 2017","format":false,"excerpt":"Block 2 Statoil operator plans to drill one-well drilling program offshore Tanzania in Q1 2018 and has already contracted Ocen Rig an international contractor of offshore deep water drilling services. The drilling to be performed by the Ocean Rig Poseidon hopes to add to its earlier seven discoveries including Zafarani,\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2017\/10\/tanzania-block-2.svg_.jpg?fit=433%2C435&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1262,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-exxonmobil-makes-another-high-impact-gas-discovery-offshore-tanzania\/","url_meta":{"origin":7048,"position":2},"title":"Statoil, ExxonMobil makes another high-impact gas discovery offshore Tanzania","author":"Samuel Kamau Mbote","date":"June 18, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil\u2019s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional two to three trillion cubic feet (tcf*) of natural gas in place in the Piri-1 well brings the total of\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/piri-prospect.jpg?fit=468%2C475&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2765,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-makes-eighth-natural-gas-discovery-block-2-offshore-tanzania\/","url_meta":{"origin":7048,"position":3},"title":"Statoil makes eighth natural gas discovery in Block 2 offshore Tanzania","author":"","date":"March 30, 2015","format":false,"excerpt":"Statoil has announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania encountering an additional 1.0-1.8 trillion cubic feet (tcf*) of natural gas in place in the Mdalasini-1 well. The new gas discovery that has been made in Tertiary and Cretaceous sandstones brings the\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/03\/Block-2-Tanzania.gif?fit=468%2C476&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":141,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-makes-another-high-impact-natural-gas-discovery-offshore-tanzania\/","url_meta":{"origin":7048,"position":4},"title":"Statoil makes another high-impact natural gas discovery offshore Tanzania","author":"Samuel Kamau Mbote","date":"December 6, 2013","format":false,"excerpt":"Statoil and co-venturer ExxonMobil has today announced its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf)* of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. Mronge-1 is drilled\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/06dec_tanzania_468map.gif?fit=468%2C476&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639,"url":"https:\/\/www.oilnewskenya.com\/index.php\/statoil-announces-successful-test-in-block-2-offshore-tanzania\/","url_meta":{"origin":7048,"position":5},"title":"Statoil announces successful test in Block 2 offshore Tanzania","author":"Samuel Kamau Mbote","date":"March 3, 2014","format":false,"excerpt":"Statoil\u00a0and co-venturer\u00a0ExxonMobil\u00a0have announced the results from their first drill stem test in the\u00a0Tanzania Block 2\u00a0offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania offshore and LNG development. The\u00a0Zafarani-2\u00a0operation tested two separate intervals and flowed at a maximum of 66 million standard cubic feet\u2026","rel":"","context":"In &quot;New Discoveries&quot;","block_context":{"text":"New Discoveries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/new-discoveries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/tz-zafarani.jpg?fit=468%2C475&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=7048"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7048\/revisions"}],"predecessor-version":[{"id":7052,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/7048\/revisions\/7052"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7051"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=7048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=7048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=7048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}