More Companies for Seismic Acquisition Program in Barents Sea

Another 16 companies subscribed to the joint seismic acquisition program in the Barents Sea, joining 17 early participants. Among the new entries there are companies like E.ON, ExxonMobil, OMV, RWE Dea and Total. 

‘A doubling of the number of companies in the project shows that the initiative enjoys solid industry support. It is a project that will further reduce costs while ensuring good quality data by utilising the companies’ concerted competencies,’ reads a note released by Statoil on Wednesday. 

The recently opened southeastern Barents Sea is part of the 23rd licensing round on the Norwegian continental shelf in 2014.

The joint effort will increase data quality, while lowering acquisition costs and mitigating the environmental footprint.

The project will announce the awarding of contracts in March, unveiling plans for the acquisition.

The group expects to start the project in April 2014 and conclude in the autumn of the same year.