Norway to start seismic surveys in the Barents Sea

Prime Minister Jens Stoltenberg has announced that the Norwegian Government intends to start additional seismic surves further north in the previously disputed area of the Barents Sea. Seismic surveys will start this summer and will continue into 2013. “The survey will provide us with important knowledge about possible oil and gas resources in the area,” Mr Stoltenberg told the Oslo Energy Forum today.

“The area near the maritime delimitation line between Norway and Russia may contain significant oil and gas resources. As a result of the maritime delimitation treaty, which entered into force last summer, Norway and Russia are now able to explore these opportunities. This creates new possibilities for employment and growth in the High North,” said the Prime Minister.

The Norwegian-Russian Treaty on Maritime Delimitation and Cooperation in the Barents Sea and the Arctic Ocean was signed on 15 September 2010 and entered into force on 7 July 2011. In the new Norwegian areas in the southern part of the Barents Sea, the Norwegian Government has initiated an opening process for petroleum activities aimed at awarding new production licences. Geological surveys in the area by Norwegian authorities started in the summer of 2011 and will continue this year.

“The historic treaty signed by Norway and Russia last year provides for continued excellent relations between neighbours and good resource management in the Barents Sea", said Mr Stoltenberg.

The Norwegian authorities need geological data from the relevant areas in order to safeguard Norwegian interests in accordance with the maritime delimitation treaty if transboundary oil deposits are found. The Russian state-owned company Rosneft has been granted production licences covering most of the Russian part of the previously disputed area.

“The Norwegian Government is now stepping up our geological surveys in the Barents Sea to safeguard our interests in accordance with the Treaty on Maritime Delimitation,” said Minister of Petroleum and Energy Ola Borten Moe.

The Norwegian Government therefor has decided to conduct geological mapping to cover all of Norway's new areas in the Barents Sea. This activity will however not alter the framework conditions set for petroleum activities in the 2011 management plan for the Barents Sea–Lofoten area.

 

Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.