Statoil Initiates Collaboration In The Barents Sea – ValueWalk Premium

Statoil Initiates Collaboration In The Barents Sea

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 . . .

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