Statoil Initiates Collaboration In The Barents Sea

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Hira Shahnawaz Akhtar
Published on
Updated on

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 of efforts means that the professional expertise of all participating companies can complement each other and result in high…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.