Feb. 1, 2021
Source: World oil

Equinor writes off its Tanzania LNG project

Equinor has decided to write down book value of its Tanzania LNG project (TLNG) on company’s balance sheet by 982million USD. Equinor is operator with 65% participating interest, along with ExxonMobil’s working interest of 35%. TPDC has the right to participate with 10% interest. Equinor made nine gas discoveries in Block2 offshore Tanzania with estimated volumes of 20Tcf of GIP.

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