Statoil to fund Barents EMGS survey

Statoil has provided pre-funding to start an extensive multi-client 3D electromagnetic survey in the Barents Sea, ahead of Norway's 21st exploration licensing round.

Offshore staff

TRONDHEIM, Norway -- Statoil has provided pre-funding to start an extensive multi-client 3D electromagnetic survey in the Barents Sea, ahead of Norway's 21st exploration licensing round.

Electromagnetic Services ASA (EMGS) will perform the work, with the purpose-built vessel BOA Thalassa starting soon. EMGS says early delivery of the 3D EM data will provide ample time to apply the findings as a part of bid preparations for the 21st round.

The current program covers an area of more than 4,000 sq km (1,544 sq mi), but could be expanded subject to further industry commitments. On completion of the campaign, EMGS' multi-client data library of the Barents Sea will comprise over 14,000 sq km (5,405 sq mi) of 3D EM data.

"This year's survey builds on our successful 2008 campaign and will provide our clients with a significant competitive advantage when it comes to evaluating the most prospective areas,” says Carl Hutchins, EMGS president multi-client group. “Our final deliverable product is 3D full-azimuth anisotropic inversion, another EMGS multi-client first. This important tool allows geologists to position EM data at the proper depth for integration with their seismic-derived prospects."

04/19/2010

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