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.
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.
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.
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…
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.
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.
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.
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.
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.
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…
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.
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.
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.
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.
Norway Looks to the Arctic as Production Declines
According to a report from NASDAQ, Norway's status as one of the world's leading producers of oil is being threatened by the rapid declines in oil production from its mature wells. Norway expects new oil & gas finds in the Barents Sea region of the Arctic to offset some of the decline in its oil & gas output. The recent discoveries by Statoil (STO) in the Barents Sea have fueled new interest in exploration activity in the Arctic regions of Norway, leading to record levels of drilling in 2011 with four additional wells planned this year and seven more in 2012. Source: NASDAQ
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
Collaboration Sought for Arctic Emergency Strategies
As offshore field developments in the North and Norwegian Seas face maturity, operators on the Norwegian Continental Shelf (NCS) are looking to the more remote areas of the Barents Sea for further development. Here harsher environmental conditions, prolonged periods of darkness and long distances to shore make evacuation and rescue of personnel on Arctic offshore installations more challenging. A new DNV GL report examines the feasibility of emergency preparedness solutions and calls for the industry to collaborate on new response concepts.
Russian Companies Get Norwegian Arctic Offshore Licenses
Both Rosneft and Lukoil have secured license rights to blocks issued by the Norwegian government in Arctic waters. The massive opening of the Barents Sea for the oil industry includes invitations to Russia’s two powerful Russian petroleum companies, the first ever Russian companies on the Norwegian shelf, reports the 'Barents Observer'. Citing an announcement made by Minister of Petroleum and Energy Ola Borten Boe, Barents Observer says that Rosneft and its Norwegian subsidiary RN Nordic gets 20 percent of one license in the Barents Sea.
Statoil, Rosneft Sign Deal
Statoil and Rosneft today signed agreements on joint bidding for exploration licenses in the Norwegian Barents Sea and on Joint Technical Evaluation covering two Russian onshore assets. This concludes the first implementation agreements envisaged in the strategic cooperation that the two companies entered into on 5 May, 2012. The agreements were signed by Statoil CEO Helge Lund and Rosneft Chairman and President Igor Sechin at the World Economic Forum in St. Petersburg. "These agreements show that Statoil and Rosneft are moving rapidly to implement the cooperation agreement signed on 5 May," says Statoil CEO Helge Lund. "The speed with which we are proceeding reflects our joint commitment and determination to realize the potential of the strategic cooperation," he continues.
Statoil Contracts West Hercules Rig
The West Hercules semi-submersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells. Statoil and the licence partners have signed a contract with North Atlantic Norway Ltd for use of the 6th generation West Hercules rig. The total estimated contract value is USD 15-20 million for the two permanent wells. Portrait - Geir TungesvikGeir Tungesvik, head of Drilling and Well in Statoil. Mobilisation and demobilization are included in the amount…
Russia Conducts Naval Drill in Baltic Sea
Russian naval units are conducting a defense drill in the Barents Sea, which Russia shares with Norway, involving more than 20 vessels from the country’s Baltic Fleet, as part of the Russian Northern Fleet exercises. The press service of Russia’s Western Military District said in a statement that various ships of the auxiliary fleet, diesel-electric submarines, small missile and anti-submarine boats are participating in the drill. The ‘strike and search group’, as the Russian Ministry of Defence referred to it…
Statoil Set to Drill Its Biggest Arctic Hope
Norway's Statoil will soon start drilling this season's most promising Arctic prospect, Korpfjell, after several disappointing wells in the Barents Sea, the company said on Monday. The majority state-owned company has stepped up drilling in the Barents Sea this year as the government seeks to attract more explorers to its Arctic waters to make up for declining North Sea output. The Norwegian Petroleum Directorate said on Monday Statoil's latest well in the Barents Sea, Gemini North, had found only minor volumes of gas and oil.
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.