Statoil Completes Seismic Acquisition in South-Eastern Barents Sea

Statoil and its partners concluded the seismic acquisition plan in the south-eastern Barents Sea, saying that the cooperation can be used as a model to push acquisition costs down also in other areas.

“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,” Jan Helgesen, Statoil’s head of geophysical operations, commented in a note released on Thursday.

Statoil has been the operator of a project with 33 other companies participating to acquire seismic data in the area. The operations started in April.

‘The data processing is in progress, and the final data will be ready for interpretation in the autumn of 2015. This information will constitute an important part of the basis for the respective companies’ decision-making for the 23rd licensing round,’ reads the press release.