Energy giant Statoil has successfully completed a joint venture in the Barents Sea.
The mission began last year after Norway’s Ministry of Petroleum and Energy encouraged the oil industry to collaborate on resource-efficient 3D seismic acquisition in the south-eastern Barents Sea.
Statoil headed the operation with PGS and WesternGeco as contractors.
In April, a further 33 oil companies acquired seismic data which ensured high data quality by drawing on the companies’ skills in seismic data acquisition and processing. It will be ready for interpretation in a year’s time.
Jan Helgesen, Statoil’s head of geophysical operations said: “We are pleased to have found a form of cooperation that has ensured good quality data sets and low acquisition costs.
“This warrants rethinking and exploring new business approaches and forms of cooperation in order to reduce costs and work more efficiently also elsewhere.”
The south-eastern Barents Sea is the first new area to be opened on the Norwegian continental shelf since 1994.