- A Statoil-led (STO) alliance of 17 major oil companies including BP, Chevron (NYSE:CVX) and ConocoPhillips (NYSE:COP) launches a tender process for an extensive seismic survey to be carried out early next year on Barents Sea blocks to be offered in Norway’s next licensing round.
- The 3D survey work is due to start in April over a 44K sq. km area formerly disputed between Norway and Russia which is estimated to hold ~1.9B boe, mostly gas.