Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GASTECH
Norway to examine unknown areas for petroleum
by Daniel J. Graeber
Stavanger, Norway (UPI) May 2, 2013


Statoil finds oil, but disappointed in field results
Stavanger, Norway (UPI) May 2, 2013 - Statoil said Friday it made an oil and natural gas discovery in the Johan Castberg field in the Barents Sea, but was largely disappointed with the results.

Statoil said it made the discovery while drilling into its Drivis prospect in the Barents Sea field. The company estimated the discovery holds between 44 million barrels and 63 million barrels of recoverable oil, of which as much as 54 million barrels may be oil.

Irene Rummelhoff, a vice president in charge of exploration on the Norwegian continental shelf, said the company was pleased with the latest discovery, but otherwise disappointed with the exploration program thus far.

"Out of the five wells drilled, only two have resulted in oil discoveries," she said in a statement.

Drivis was the last of the campaigns targeting the Johan Castberg area for Statoil and its exploration partners.

Its first first project, Nunatak, was described as a "small" discovery for Statoil and not commercially viable.

An offshore area between the Norwegian and Greenland borders will be examined this summer for possible petroleum reserves, the Norwegian government said.

The Norwegian Petroleum Directorate announced plans Friday to map the subsurface layer of the western reaches of the Norwegian continental shelf.

Nils Rune Sandsta, NPD's manager for the project, said the area, dubbed the More basin, is a geological "blank spot" on the Norwegian continental shelf. Drilling this summer will target an area where continental plates separate.

"Material from this area is therefore scientifically interesting," he said in a statement. "It will also increase understanding of the More basin as exploration acreage for future petroleum activities."

NPD advised there was no fishing in the targeted areas and drilling into the subsea layer won't result in the release of any chemicals that may be harmful to the northern environment. The program, which begins later this month, should last about four weeks.

Norway is a European leader in oil and natural gas production. NPD said production figures from February, the last full month for which data are available, revealed about 1.5 million barrels of oil were produced along with nearly 325 trillion cubic feet of natural gas.

.


Related Links
Our Polluted World and Cleaning It Up






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
UEA research shows bacteria can combat dangerous gas leaks
Norwich, UK (SPX) Apr 30, 2014
Bacteria could mop up naturally-occurring and man-made leaks of natural gases before they are released into the atmosphere and cause global warming - according to new research from the University of East Anglia. Findings published in the journal Nature shows how a single bacterial strain (Methylocella silvestris) found in soil and other environments around the world can grow on both the me ... read more


ENERGY TECH
Microsoft allies with Salesforce.com in 'cloud' push; Acer launches software 'cloud' service

Australia's Orica plans to ship toxic waste to France

Liquid crystal as lubricant

From separation to transformation: Metal-organic framework shows new talent

ENERGY TECH
Exelis to help repair, modernize tactical radios

The U.S. Navy has contracted Harris Corporation for next-gen radios

Harris to provide IT service and support for homeland security

Communications upgrade for B-52 bombers

ENERGY TECH
Russia puts satellite in orbit from sea platform after 2013 flop

After Injunction lifted, US rocket with Russian RD-180 Engine takes off

Sea Launch sends Eutelsat 3B satellite into orbit via Zenit 3SL rocket

India To Launch PSLV On Commercial Mission

ENERGY TECH
China's domestic navigation system guides Pakistan

Russian space agency set to resume Glonass talks with US

Payload preparations in full swing for Ariane 5 launch of Galileo navsat

New tide gauge uses GPS signals to measure sea level change

ENERGY TECH
Seafloor experts publish new view of zone where Malaysia Airlines flight 370 might lie

Malaysia releases satellite data on MH370

Thales upgrading avionics on helicopters

China turns motorway into military airstrip: reports

ENERGY TECH
EMCORE Introduces Internal Fiber Delay Line System for the Optiva Platform

New analysis eliminates a potential speed bump in quantum computing

NIST chip produces and detects specialized gas for biomedical analysis

Merger planned of electronic component providers

ENERGY TECH
Japan launches land observing satellite

Airbus partners with BAE for radar satellite imagery

Japan launches new satellite to survey disasters

Water mission boosts food security

ENERGY TECH
Sweden to sue EU for delay on hormone disrupting chemicals

Dangerous nitrogen pollution could be halved

Study lists dangerous chemicals linked to breast cancer

Study strengthens link between neonicotinoids and collapse of honey bee colonies




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.