Exxon Mobil Acquires 35 percent of Block 2 Offshore Tanzania from Statoil
Statoil ASA (OSL:STL) recently announced they're transferring 35 Percent of Block 2 Offshore Tanzania to Exxon Mobil (NYSE:XOM). The terms of the transaction weren't revealed.
Statoil said they're retain the remaining 65 percent stake in Block 2.
The Tanzanian government approved of the deal in the early part of March 2010, and Statoil said Exxon Mobil has the expertise in deepwater to properly work the area.
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