Tag Archives: Barents Sea

Government: Announcement of Awards in Predefined Areas (APA) 2019

Energy, Government, , , , ,

The Norwegian Ministry of Petroleum and Energy announces this year’s licensing round in mature areas on the Norwegian continental shelf – Awards in Predefined Areas (APA) 2019.

– I am delighted to announce this year’s APA round. We are continuing our practice of offering regular concessions on the NCS to provide the industry access to new acreage. Awarding prospective acreage is a central element in the Government’s policy. I believe the oil companies are well motivated to continuing exploring the NCS, says Minister Kjell-Børge Freiberg.

In the APA 2019, the predefined area has been expanded by a total of 90 blocks – five in the North Sea, 37 in the Norwegian Sea and 48 in the Barents Sea.

– The expansion of the APA-area is important to ensure effective exploration of larger parts of the NCS, including the Barents Sea. The expansion will give the companies access to new opportunities that can enable value creation, employment and technology development.

Read entire press release HERE.

World Oil: The future is in the north, according to the Norwegian Petroleum Directorate

Business News, Energy,

STAVANGER — Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. The rest is distributed between the Norwegian Sea and the North Sea. The opportunities are greatest in the Barents Sea, where vast areas have not yet been explored. 

The Norwegian Petroleum Directorate presented the report titled Petroleum activity in the High North on 2 April (in Norwegian only). The report places the petroleum activity in the High North into a historical, international and technological framework.

“We hope that the report can contribute in a knowledge-based approach to the debate,” said director general Bente Nyland when she presented the report at the Barents Sea Conference 2019.

Read entire article HERE.

World Oil: Petroleum Activity in the High North report shows significant value in Barents Sea

Business News, Energy, ,

STAVANGER — The Norwegian Petroleum Directorate has presented the report Petroleum Activity in the High North. The report places the petroleum activity in the High North into a historical, international and technological framework.

“We hope the report can contribute in a knowledge-based approach to the debate,” says Director General Bente Nyland, who presented the report at the Barents Sea conference.

Petroleum activity has taken place in the High North since the first exploration wells were drilled near the coast in the Laptev Sea in Russia in the 1930s. In Norway, petroleum activities in the north started in 1979, and production started from the Snøhvit field in 2007.

Norway is one of five Arctic coastal states, but due to the Gulf Stream, most of our sea areas remain ice-free year-round. The climate in the High North in Canada, the U.S., Russia and Greenland is considerably more challenging, with ice sheets partly or completely covering the area throughout the year.

Read entire article HERE.

World Oil: CGG, TGS to conduct Greater Castburg survey

Business News, Energy, , , ,

PARIS, France — CGG and TGS announce the Greater Castberg TopSeis survey in the Barents Sea. The survey is 5,000 km2, and will be acquired and processed with the latest developments of CGG’s TopSeis acquisition and imaging technology.

The survey will include the highly prospective Castberg area, and cover existing and newly awarded licenses in addition to open acreage with several play models in multiple geological layers. The acquisition is expected to commence late second-quarter 2019 with final delivery to clients in fourth-quarter 2020.

Read entire article HERE.