NPD: 15 Oil Firms Buy Arctic Seismic Data

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The Norwegian Petroleum Directorate reported Wednesday that, so far, 15 oil companies have purchased its seismic data package for the southeastern part of the Barents Sea and areas off the Jan Mayen volcanic island in the Arctic Ocean.

The 15 companies include majors such as Chevron, Shell, Statoil, Total, ConocoPhillips, ENI and BP, as well as a handful of independents.

The seismic package, which costs $2 million, was acquired by the NPD in 2011 and 2012.

At the end of July, the NPD resumed work to seismically map the northeastern Barents Sea in order to complete mapping work it began there in 2012. The exercise to acquire 2D seismic over the area is expected to take until mid-October.

 

A former engineer, Jon is an award-winning editor who has covered the technology, engineering and energy sectors since the mid-1990s. Email Jon at jmainwaring@rigzone.com

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