StatoilHydro Set To Plunge Into The Indian Ocean

NORWEIGIAN OPERATOR, STATOILHYDRO has mapped out plans for a large two dimensional 2D seismic coverage of the 11,099- sq km deepwater block 2, frontier acreage of the Indian Ocean in the course of 2008. A first well is still far in the distance, but state hydrocarbon company Tanzanian Petroleum Development Corporation TPDC has a 10% back-in right in the event of a commercial find..