Shell Starts Seismic Study in Recently Awarded License

Norske Shell has engaged Western Geco to acquire 3-D seismic data in PL 326 in the VÝring Basin offshore Norway, where the company recently was awarded operatorship in the 18th Round.

"Norske Shell and our partner Statoil are eager to get on with the exploration activities in the License, and wish to acquire the first data within two months of the License award to rapidly improve our understanding of the prospectivity of PL 326," says Norske Shell Exploration Manager Christian Bukovics.

The License, which is located in an area of the Norwegian Sea with water depths in excess of 1,000 meters, contains large, but high risk prospects. The objectives of the data acquisition are to improve the understanding of reservoir distribution and presence, as well as presence of hydrocarbons, and thereby reduce the exploration risk.

Chief Geophysicist Scott Jones adds: "Western Geco is providing the Western Pride for this acquisition, a "Q Marine" vessel deploying unique seismic sensing equipment. This survey technique, will deliver improved data quality and thereby allow us to better resolve the rock layers in the subsurface."

"We look forward to start evaluating the data," says Bukovics, who expects to start this work later in the autumn.

The License partners in PL 326 are A/S Norske Shell with 60% and Statoil ASA with 40%.

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