On August 18, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713prospect in the Norwegian section of the Barents Sea.
Schlumberger Norway has been awarded a contract with Statoil to provide integrated drilling services for the Norwegian continental shelf licenses Gullfaks, Gullfaks Satellites, Snorre, Statfjord , Tordis/Vigdis, Visund.
Tomsk Technical University (TPU) specialists will work on a software and hardware package for areal study of the seabed, to search for mineral resources. The technology has the greatest potential with regard to exploration of the Arctic shelf reserves.
The state-owned company will over the next 20 years spend big money on the Arctic shelf. A minor part of it might be invested in the Barents Sea.
The board of Gazprom has decided to pull investment from the limited-liability company Gazprom Neft Shelf which holds a license to develop the Prirazlomnoye deposit.
Ukraine has estimated that Russia, after capturing important fields on the Black Sea shelf, has caused $40 billion worth of damage to the country, Ukrainian Energy and Coal Industry Minister Yuriy Prodan said in an interview with EurActiv, Ukrinform reported on April 11.
The Norwegian Petroleum Directorate (NPD) believes that oil reserves could grow by 1200 million standard cubic metres (Sm 3 ) over the next ten years. The NPD presented its resource report on April 3. The report provides an overview of the resources in fields and discoveries on the Norwegian shelf and describes the opportunities for creating maximum value from the remaining resources. So far, the petroleum industry has created values worth more than NOK 11 000 billion for the Norwegian society.
Lukoil has proposed that foreign service companies be allowed access to conducting geological surveys in Russian territorial waters in the Baltic Sea, Terminal has reported, citing Lukoil recommendations presented at a meeting hosted by the Russian Natural Resources Mini
The Federation Council, the upper chamber of the Russian parliament, has approved a comprehensive tax legislation reform on shelf projects, RIA Novosti has reported. Companies engaging offshore will be subjected to favourable tax and customs regulations.
Searcher Seismic introduces North West Shelf Super-TieTM, the company's standardised and best 2D reprocessed data.