Norwegian oil company OKEA has said that it will “continue” exploration license PL958 in the Norwegian Sea, meaning the partners have committed to a new 3D seismic survey.
OKEA acquired a stake in took over Shell’s 50% working interest and operatorship of the license in March. At the time, the company said the acreage was in the exploration phase and that data coverage was limited.
The block sits east of the OKEA-operated Draugen field, which OKEA also bought from Shell.
Commenting on the decision to continue the PL958, OKEA said “this commits the license partners to acquire new 3D seismic data and they have already decided to prefund a 3D seismic multi-client acquisition by PGS ASA, starting up in July 2019.”
OKEA’s SVP Subsurface, Andrew McCann said the company was excited to be able to accelerate the exploration program on PL958 “by at least a year through this early commitment.”
“This is an essential data component for further maturation of the resource potential in the acreage, particularly to map the extension of the Draugen Rogn trend into the unexplored area, which has not previously been covered by 3D seismic data. PGS, as contractor on data acquisition and processing, is the ideal partner to secure an optimal data quality for further work. We are privileged to have a promising, unexplored area within 30km of our production hub.”
The survey is planned to be carried out by Ramform Vanguard and covers an area of approximately 850 km2.
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