Rosneft completes Barents Sea survey
- Business & Finance
Russia’s Rosneft has finished geophysical exploration, including seismic data acquisition 3D and gravimagnetic survey on the West-Prinovozemelsky licensed site on the continental shelf of the Barents Sea.
The scope of work totaled 2.8 thousand square km and it was conducted with a specialized scientific research vessel “Geo Caribbean”.
As a result of geologic data acquisition, the company received information on resources geology in the range of prospect. Rosneft says this data will be used when preparing to drill oil and gas prospects and will allow minimizing geological risks while searching for hydrocarbon crude reserves.
According to Rosneft, 3D seismic data acquisition is one of the basic and most productive geophysical methods used to research geological aspects of reserves and due to its high resolution capacity, it allows creating very precise geologic models of analyzed sites.
Geologic survey in the Barents Sea was conducted in full compliance with all requirements of Russia’s environmental legislation and the influence on the environment corresponded to all standards, Rosneft said in the statement.
The organization of geologic survey on the licensed site in the Barents Sea was conducted by Rosneft’s subsidiary – OOO RN-Shelf-Arctic.
NK Rosneft received the license on research, exploration and production of hydrocarbons on the East-Prinovozemelsky licensed site in 2013.
The area of the site totals 19 thousand square km. According to D&M forecast in 2013, estimated recoverable reserves of the site are: 1434 mln tons of oil and condensate, 1798,5 bln cubic meters of gas.