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HAMMERFEST, Norway, April 20 (Reuters) - Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump, the firm's exploration chief for Norway told Reuters.
Exploration activity in the coming years is crucial to secure Statoil's future production in its home base, which faces a decline from current levels after 2025 if mature fields are not replaced by new resources. It can take up to 15 years from discovery to a field to come on stream.
Asked whether a drop in exploration levels in Norway this year would be permanent, Jez Averty, Statoil's head of exploration for Britain and Norway said: "We believe that it is lower (this year) than in the years to come."
"We're looking to the 23rd round to trigger an uptick in activity for us," he said on the sidelines of an oil conference.
The so-called 23rd round is an Arctic-focused oil licensing round, set to open unexplored acreage in the Barents Sea in the Arctic, closer to the country's border with Russia. The awards are expected to be announced before July.
"This gives us the opportunity to chase larger discoveries, all be it at a higher geological risk," Averty said, adding that such discoveries were absolutely necessary if Statoil is to preserve production at today's levels until 2030.
Around half of the undiscovered resources offshore Norway lie in the Barents Sea. But a 62 percent drop in crude prices since mid-2014 has put a break on activities in the Arctic, where it is more costly to develop projects, mainly due to the lack of infrastructure.
"We have struggled to commercialize the discoveries that have been made (in the Barents Sea)," Averty said.
On Tuesday Statoil presented a new set of technologies tailored for the Barents Sea, known as Cap-X, designed to reduce costs and increase the efficiency of subsea developments.
"One of the accusations that has been used against opening up the Barents recently is that it will never be economic. This (Cap-X) is very important in ensuring that it can be economic," Averty said.
However, not everyone sees the same possibilities as Statoil. Shell withdrew its application from the 23rd licensing round earlier this month, while other majors such as ExxonMobil, Eni and Total did not apply, partly because they are searching for larger discoveries in other parts of the world.
"We have to bet on the business opportunities which give quicker revenues than a discovery in the Barents Sea," Shell's head of activities in Norway told the conference on Tuesday.
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海滩能源公司宣布在ex PEL 91区(100%海滩公司所有)Poolowanna岩层西侧发现石油。September-1号井曾在Namur砂岩的一个结构闭合中发现石油,并对McKinlay Member,Birkhead岩层和Poolowanna岩层进行了测试。石油圈原创 www.oilsns.com
Beach Energy has announced a Western Flank oil discovery within the Poolowanna Formation in ex PEL 91 (Beach 100%). September-1 targeted oil in a structural closure within the Namur Sandstone and tested the McKinlay Member, Birkhead Formation and Poolowanna Formation as secondary targets.
The well intersected an eight metre gross interval with oil shows within the Poolowanna Formation. A drill stem test was undertaken over the interval 1,927.8 metres to 1,936.0 metres and recovered 15.2 barrels of approx. 42 degree API oil from the drill string over a 1.5 hour flow period. The flow rate was calculated to be 210 barrels of oil per day.
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Schlumberger WesternGeco and ION Geophysical Corporation have announced a new 3D multiclient reimaging broadband program offshore Mexico, which will utilize Mexico’s National Hydrocarbons Commission (CNH) data library.The Campeche 3D reimaging program comprises three survey areas covering approximately 31,660 square miles in the Bay of Campeche, offshore southern Mexico, and will be processed using a combination of custom technologies and techniques from both organizations that will “maximize data quality and offer geological insights for upcoming licensing rounds”.The program is fully supported by industry funding.
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