Statoil Initiates Collaboration In The Barents SeaHira Shahnawaz Akhtar
Statoil ASA (NYSE:STO) was the first to initiate the project of joint seismic data acquisition in the Barents Sea on the Norwegian Continental Shelf. In December 2013, the project was joined by 17 companies willing to contribute their seismic expertise in the project. Recently, 16 new companies have joined the project to split the data acquisition costs.
Benefits of joint data acquisition
Seismic data collection is an expensive business and sharing the costs is beneficial for all participants. Furthermore, the pooling . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible