Russian and Norwegian petroleum authorities are forming ties to share 3D seismic information on the billions of barrels of potential discoveries in the Barents Sea.
This follows an agreement signed between the Norwegian Petroleum Directorate (NPD) and the Russian petroleum authorities (Federal Subsoil Resources Management Agency and Rosnedra) to exchange seismic data from the areas around the demarcation line in the Barents Sea.
“This agreement is extremely important, it will allow us to achieve a better understanding of the regional geological conditions on both sides of the demarcation line and, not least, of geological structures that span across the line,” NPD’s assistant director of Exploration, Stig-Morten Knutsen, said.
Russia and Norway Cooperate in the Barents Sea
Under the agreement, Russia will share all seismic data collected in 2013 in two major licences, the Fedynsky licence and the central Barents Sea licence, located in an area 50 kilometres from the demarcation line.
Statoil has been active in the Barents Sea for 40 years
There will also be a line from the gas discovery on the Kildinskoye High.
According to a statement by the NPD, the data exchange was initiated two years ago by Russia and involves an exchange of about the same volume of data between the two countries.
Russia and Norway Exchange More than 7,500 Miles of Seismic
Overall, the NPD has received a total of 6,500 kilometres (4,038 miles) of 2D seismic data from these areas, while Rosnedra has received 5,900 kilometres (3,666 miles) of 2D seismic data from the Norwegian side.
This includes seismic data that the NPD collected in the northern Barents Sea in 2012, 2013 and 2014.
As well as this, Russia will receive a seismic line from the stratigraphic boreholes on the Sentralbank High, as well as a long line that spans north to south in the Arctic Ocean.
Russia and Norway signed a treaty on maritime delimitation and cooperation in the Barents Sea and the Arctic Ocean in 2010, putting an end to a border dispute that started in 1970.