EMGS expands cooperation with TGS in Barents Sea
EMGS and TGS have agreed to further expand their companies' agreement of cooperation in the Barents Sea. Currently, TGS has a 30% ownership in the multi-client EM data over 17 blocks in the Hoop area. The agreement will be expanded with four new blocks in the Hoop area and 14 blocks in the southeastern area of the Barents Sea. TGS will take a 50% ownership in the EM data over all the new 18 blocks. The expansion of this agreement further confirms the value of integrating 3D EM data with seismic data to reduce risk and discover more in the Barents Sea.
EMGS secures new contract in the Barents Sea
EMGS has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa. The company had informed about another contract secured earlier this year for this same vessel in the Barents Sea worth $2.3 million. EMGS
More Arctic Norwegian Shelf Resources Mapped
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 petroleum activity.
Centrica Energy Awarded Barents Sea License
Centrica Energy in Norway was awarded a 50% operating share in the Scarecrow licence, its first in the Barents Sea. The Norwegian government on June 12 awarded the licences that form part of the 22nd round on the Norwegian Continental Shelf (NCS). Centrica Energy was awarded an operatorship and 50% ownership in the Scarecrow licence, block 719. This block opens up a new area for Centrica, and marks the beginning of a new venture for the Norwegian upstream business as it looks to grow its business further in Norway.
TGS Starts Barents Sea 3D Seismic Survey
The 3D EM data is being acquired by the M/V 'Atlantic Guardian': data will be available to clients through both EMGS and TGS. The survey is supported by industry funding. TGS in partnership with Electromagnetic Geoservices ASA (EMGS) signed an agreement to jointly invest in a 3D electromagnetic (EM) multi-client survey covering 11 blocks, or approximately 3300 km2, in the Hoop area of the Barents Sea. Under the terms of the previously announced agreement, EMGS will be given access to TGS' 2D seismic data for survey planning and integration purposes, while TGS will obtain access to 3D EM data to evaluate and plan subsequent multi-client work over the area. "TGS and EMGS are pleased to now join forces in the Barents Sea," commented Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS.
Russian Navy Performs Anti-Submarine Drills
Russia’s Northern Fleet has completed naval exercises in the Barents Sea, Defense Ministry’s head of the Northern Fleet’s press service said. The naval exercises included anti-ship, anti-submarine drills with torpedoes and depth charges. "During exercises in the designated area of the Barents Sea, ships from the Kola Flotilla from various forces of the Northern Fleet, which included search and strike groups, the search for submarines was conducted and anti-ship maneuvering and searching for submarines was developed using anti-ship aviation," Capt. 1st Rank Vadim Serga said.
Aircraft Carrier to Join India Navy
Refubished Kiev-class aircraft carrier, formerly 'Admiral Gorshkov' for sea trials in the Barents Sea. Repaired and converted at the Russian Sevmash shipyard, the 45,000 ton flat-top is expected to undergo testing in the Barents Sea shortly, before hand-over to the Indian Navy. In addition, the ship will undertake a 3,5 month test expedition before acceptance.
Drilling Rig Strikes Oil Again in Barents Sea
ENI has successfully drilled the appraisal well 7220/5-1 in the Skrugard discovery field 200 kilometres off the Norwegian coast.The well was drilled at a water depth of 388 metres, reaching a total depth of 1,740 metres at a site located approximately 3 kilometres from the Skrugard-1 discovery. A gas column of about 25 metres and an oil column of 48 metres was encountered in the Middle - Lower Jurassic reservoir, Stø & Nordmela Formations. Intensive data collection and sampling have been carried out in the well-bore and the results show a reservoir of excellent quality. The aim of the appraisal well was to prove the hydrocarbon extension in the middle section of the Skrugard structure.
China Icebreaker to Sail for Arctic Seas
Growing interest in the Arctic and tne Northern Passage includes China. The Chinese icebreaker "Xue Long" sets sail on an Arctic mission this summer and Beijing hopes the massive icebreaker will reach the Barents Sea before returning in September. “If the expedition goes according to the plan it will also be the first time for a Chinese icebreaker to reach the Barents Sea,” Liu Cigui, director of China’s State Oceanic Administration told the Chinese official news agency Xinhua.
EMGS Reports Multi-client Sales
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 provide value for new and existing clients in the Barents Sea. An increased acceptance of EM as a value adding exploration tool in the region, and our vast coverage coupled with customer's success, bode well for the future" says CEO Roar Bekker.
Arctic Oil Drilling – Russian Companies Hold Talks
Barents Observer reports that President of Lukoil, Vagit Alekperov confirms that an official working group with representatives of both Rosneft and Lukoil is being established and that “several objects” will be discussed. Among the objects are highly promising field structures in the Barents Sea. Rosneft has offered both domestic Russian and foreign oil companies 33,3 percent stakes in 12 offshore fields. Among the fields mentioned are the Fedynskoye, Perseevskoye, Tsentralo-Barentsevskoye fields and the Admiralteyskaya and the Pakhtusovskaya structures. The Fedynskoye and the Tsentralo-Barentsevskoye fields were both included in the deal signed with Eni earlier this week.
Arctic Offshore Oil Drilling – Rosneft Plans Expansion
According to a report in 'Barents Observer' Rosneft will be the main partner of Statoil and Eni in the Barents Sea, where the new CEO has highlighted the importance of three grand projects in the Russian Arctic. Sechin, who was recently appointed new CEO of the state-owned oil giant, stresses that big projects like the one in the Barents Sea and the Kara Sea will be given special attention under his leadership. In a meeting with PM Dmitry Medvedev, Sechin maintained that the implementation of grand offshore projects like the ones in the Barents Sea, the Kara Sea an the Black Sea, will be a top priority along with the supply of oil products with stable prices to the Russian domestic market and the modernization of oil processing facilities.
EMGS Reports $1.6m Multi-client Sales
Electromagnetic Geoservices (EMGS) reported multi-client sales from Barents Sea and Norwegian Sea Marine controlled-source electromagnetic (CSEM) data provider EMGS informs it has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library over the Barents Sea and the Norwegian Sea worth $1.6 million. The multi-client revenues, which are a combination of prefunding and late sales, will be booked in the third quarter of 2015.
Northern Sea Route's First Challenger
Little is known about the life of the Dutch explorer Willem Barentsz. However, his three journeys to the ocean which we today know as the Barents Sea, is well described. The most important reason for his fame is the unique map which was produced after these three voyages on the quest for the Northern Sea Route, a map that is in the possession of Cato Schiøtz, a Norwegian Supreme Court lawyer and partner in one of Norway’s largest law firms. As the Barents Cooperation is celebrating its first 20 years…
Statoil: Barents Sea Exploration Completed
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. A commitment of this size and complexity requires geological, technological and organisational muscle, and the data collected are important for the future understanding of the oil and gas potential in the Barents Sea,” says Irene Rummelhoff, senior vice president for exploration on the Norwegian continental shelf.
Barents Sea Rock Atlas Aids Arctic Energy Exploration
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 Skrugard and Havis have reinvigorated interest in the Barents Sea. With more than 70 blocks available as part of the 22nd licensing round in the Barents Sea, we are delighted that many E&P companies view our comprehensive rock physics study as a key tool for assessing the prospectivity of the region.
EM campaign in the Barents Sea
PetroMarker recently carried out an EM campaign in the Barents Sea. In the course of July-August 2012, PetroMarker performed a number of EM surveys in the Norwegian sector of the Barents Sea. More and more oil companies see the advantage of PetroMarker’s unique EM technology to evaluate prospective acreage, particularly in the Barents Sea. PetroMarker made a presentation at the EAGE conference in Vienna about the results of an EM survey performed on the Snøhvit (Snow-White) field, highlighting the penetration and resolution displayed by of vertical EM.
Barents Sea Drillers Strike Gas, Expected Oil
Eni, with partners Lundin and Det Norske hoped for oil but discovered gas & condensate at the Salina structure in western part of the Barents Sea. Det norske oljeselskap ASA earlier announced the discovery of hydrocarbons in the Salina prospect in production license 533, operated by Eni. The well confirmed the existence of gas in two reservoir units; in the Cretaceous Knurr formation, and in the Jurassic Stø formation. The well was drilled to a total depth of 2,371 meters below sea level, down to Triassic rock in the Snadd formation. The operator’s estimate of recoverable gas volumes is between six and eight billion cubic meters (40-50 million barrels of oil equivalents).
Russian-Norwegian Project on Barents Sea
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…
GDF drills dry well in Arctic Barents Sea
French explorer GDF Suez drilled a dry well in the Arctic Barents Sea about 65 kilometers southwest of the Johan Castberg fields, the Norwegian Petroleum Directorate said on Thursday. GDF holds 60 percent of the license, while Concedo and OMV each hold 20 percent. Reporting by Balazs Koranyi
Vard Delivers PSV to Simon Mokster for Arctic Ops
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. Cooperation between VARD, Simon Mokster Shipping and Eni, has resulted in a unique custom built vessel that meets all requirements for operation under extreme conditions in the Barents Sea. The PSV features Vard 1 06 design and has combined platform supply and emergency response capabilities.
TGS Announces 2 projects in the Norwegian Barents Sea
TGS commences new 2D and 3D multi-client projects in the Norwegian Barents Sea. Both surveys will provide customers with high quality data prior to the closing of the 23rd Norwegian Licensing round. The HFCE14 is a 3,100 km2 3D multi-client survey, extending TGS' existing multi-year 3D Hoop coverage to more than 20,000 km2. The survey will be acquired by the M/V GECO Eagle towing 10 streamers and will cover similar Jurassic targets as the new Wisting light oil discovery. NBR14 is an extension of TGS long offset 2D grid in the Barents Sea, adding 6,600 km to the existing data library.
Norway Launches New Licensing Round in Mature Offshore Areas
Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil ministry said on Wednesday.Areas in the North Sea, the Norwegian Sea and the Barents Sea will be offered to oil companies, who have until September to submit their applications. The ministry plans to award licenses at the beginning of 2019, it said."Access to prospective exploration acreage is crucial in order to make new petroleum discoveries.