The Barents 2020 cooperation project on safeguarding petroleum activities in the Barents Sea was concluded on Dec. 18 at a conference in Moscow. More than 100 Russian and Norwegian experts have worked together for close to three years on identifying common rules and standards for health, safety and the environment in the Barents Sea. Today they presented their recommendations in front of more than 200 representatives from industry, research institutions and authorities. The Barents Sea has been subject to industrial activities for years. The extreme climate, however, poses constant hazards to people and operations. And with industrial activities expected to increase in the years to come, there is a need to ensure a strong focus on implementing adequate standards for health, safety and the environment. This is what prompted Norwegian Minister of Foreign Affairs Jonas Gahr Støre to initiate a Russia-Norway cooperation project aimed at safeguarding petroleum activities in the Barents Sea in 2007. The project is a part of Barents 2020, a central element of the Norwegian Government’s strategy on the High North. DNV has been in charge of coordinating the project on Norwegian side while Gazprom and VNIIGAZ have been central actors on the Russian side. In addition to receiving funding from Norwegian and Russian authorities, a substantial part of the financial contributions have come from the industry itself
The Norwegian Petroleum Directorate’s (NPD’s) mapping of the southeastern Barents Sea and the area surrounding Jan Mayen shows 15% increase. The increase will result in an approximate increase of 15 per cent in the estimates of undiscovered resources on the Norwegian shelf which corresponds to about 390 million standard cubic metres (Sm3) of oil equivalents (o.e.). The mapping of these petroleum resources is a step in the authorities’ process to open these areas for
StatoilHydro has submitted an application for new production licenses both in the Barents Sea and the Norwegian Sea in the 20th licensing round on the Norwegian continental shelf. The application deadline was Nov. 7. “In order to clarify the resource base and realize the full potential of the Norwegian continental shelf, it is crucial to have access to new acreage," says Tim Dodson, head of explorations on the Norwegian continental shelf. "
RSI, a geoscience consulting firm to the oil exploration industry, completes several late sales of its Arctic atlas. RSI recently completed several late sales of its 79-well Barents Sea Rock Physics Study and Atlas of Seismic Expression; in total 17 companies have now licensed this product. The total value of the Barents Sea late sales and Mid-Norway exceeds $900,000. RSI CEO Richard Cooper stated, “It is clear that the recent high impact discoveries made by Statoil and partners at
Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012. The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33
Eni Norge AS awards DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of planning and carrying out inspections of static equipment, load-bearing structures and offloading and anchoring systems aboard the Goliat FPSO during its operational life. Local spin-off effects
Holdings in 11 new production licences have been awarded to Statoil in the 21st licensing round on the Norwegian continental shelf (NCS), which was announced by the government today, 15 April. The group received eight new operatorships, with four of these in the Barents Sea and four in the Norwegian Sea. “We are very pleased with the award of new acreage in the Barents and Norwegian Seas,” says Gro Gunleiksrud Haatvedt, senior vice president for exploration on the NCS.
Statoil has awarded Aker Solutions early phase studies for all their recent major discoveries on the Norwegian Continental Shelf; the Skrugard and Havis fields in the Barents Sea and the Johan Sverdrup discovery in the North Sea. Contract values are undisclosed. The past year has been unique, with Johan Sverdrup (formerly named Aldous/Avaldsnes) as the largest out of several new discoveries in mature areas in the North Sea, and the renewed optimism for exploration in the Barents Sea
A poll conducted at the Offshore Northern Seas (ONS) conference in Stavanger has revealed that industry professionals see Arctic exploration as a viable solution to Norway’s declining oil production rates. 74% of participants said that the development of sizeable reserves in Arctic waters offshore Norway could reverse the country’s diminishing North Sea production rates by 2030. By contrast, only 26% of participants felt Norway would not be able to abate the decline through Arctic
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an international oil company worth USD 8 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. "This sale confirms the increased recognition of the value of EMGS' EM technology as an important exploration tool. The addition of a new supermajor to our expanding customer base proves the breakthrough our technology has had in Norway this year
On December 18, Member of Rosneft Board of Directors, special representative of President of the Russian Federation on international cooperation in the Arctic and Antarctic Artur Chilingarov made a report "Russia and Norway: Prospects for Cooperation in the Arctic" at the Fridtjof
With innovation in its Norwegian DNA, Uksnoy Shipping took a chemical tanker and made it into an Offshore Service Vessel with an innovative propulsion system. The conversion of a Turkish-made chemical tanker and its retrofitting with a promising new energy-saving propulsion system in 2013
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25
A Fincantieri unit Vard Aukra has delivered the LNG-powered PSV, Stril Barents to Simon Møkster Shipping. The LNG-powered platform supply vessel is built for operations in arctic areas and will start working for Eni at the Goliat field in the Barents Sea on a ten-year contract.
Hapag-Lloyd Cruises say that their expedition ship 'Hanseatic' has set a new record for passenger ships in the Northeast Passage, when the 122.8-metre-long ship reached the northernmost point at 85°, 40.7'N and 135°, 39.6' E. Captain Thilo Natke comments: “Unusual ice conditions
Norwegian oil company Statoil has had to stop drilling at the Arctic Pingvin prospect because of an appeal against its environmental permit, North Energy, a partner in the project, said on Friday. "The top hole on Pingvin has been drilled," North Energy said in a statement
‘Polarsyssel’, a Havyard 832 L WE designed offshore supply vessel has been delivered from Havyard Ship Technology’s yard in Leirvik in Sogn to the Icelandic shipping company Fafnir Offshore. A long-term contract has been secured for the vessel
Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement with a customer worth USD 3.5 million for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. "It satisfying to note that our multi-client library continue to
Operator Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in a frontier unexplored area of the Barents Sea northwest of Johan Castberg. The discovery well 7319/12-1
Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition. “We are pleased to have found a form of cooperation that has ensured good quality data sets and
Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines "vessel utilisation" as the percentage of the vessel charter period spent on contracted or multi-client data
Norwegian Arctic discovery could be game changer; Lundin Petroleum shares rise 7 percent. Noreco, Det Norske shares also rise on news. Swedish oil firm Lundin Petroleum has made a big oil and gas discovery in the Norwegian Arctic, sending its shares more than 7 percent higher and raising hopes
Statoil has completed the extensive 2013-2014 exploration programme in the Barents Sea. This represents an all-time high exploration activity and 10% of all exploration wells drilled in the Barents Sea since its opening in 1980. “This is a unique exploration programme
COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, stated that the surveillance vessel “Marjata” was named at Vard Langsten by the Norwegian Prime Minister, Mrs. Erna Solberg.