More companies join joint acquisition campaign in southeastern BarentsNews // March 5, 2014
Seabrokers reports that 16 additional companies have joined a project for a joint seismic acquisition campaign in the south-eastern Barents Sea offshore Norway.
A total of 33 companies are now involved, highlighting strong industry support and a keen interest in arctic exploration off the northern coast of Norway. Acreage in the south-eastern sector of the Norwegian Barents Sea is to be included in the country’s 23rd licensing round this year.
Statoil will take on the role of operator for the seismic acquisition while the creation of an industry collaboration will ensure comprehensive data quality from the project with limited acquisition costs. Furthermore, it will limit any potential negative impact on the fishing industry.
In connection with this, Statoil has made a gas discovery in the Barents Sea at its Kramsnø prospect (well 7220/4-1), which is located around 11km northwest of the Johan Castberg discovery.
However, said Seabrokers in its latest monthly report, reservoir quality was poorer than expected, with estimated reserves of between two and four billion standard cubic metres (Sm³) of recoverable gas. The well is to be permanently plugged and abandoned.