The Barents Sea Exploration Collaboration will initially last for three years. (Photo: Ole Jørgen Bratland)

Statoil, Eni Norge, Lundin Norway, OMV and GDF SUEZ will collaborate on solving operational tasks tied to exploration in the Barents Sea.

The project, called BaSEC, Barents Sea Exploration Collaboration, will initially last for three years. The project will cover the Barents Sea, but with a special focus on the areas included in the 23. licencing round.

"We are taking operational responsibility seriously and have connected leading companies with operations in the Barents Sea to work together to find good and robust solutions for the tasks we see ahead, especially considering the new areas that have been opened in the Barents Sea south-east," says Statoil's Irene Rummelhoff, senior vice president for exploration in Norway.

The project, which was initiated by Statoil and Eni Norge, will be led by Statoil in the first phase, but all the companies participate in the steering group and contribute to the working groups, and the work will start immediately.

"Our goal is to increase coordination and develop cost-effective solutions for exploration in the Barents Sea in both the short and medium term. We will collaborate with authorities, industry organisations and other relevant institutions to deliver on this. We aim to be effective and address the concrete actions that need to be taken and share relevant solutions and data with both the authorities and the rest of the industry. It is in our common interest to have robust exploration activity in the Barents Sea," says Rummelhoff.

Tags: Statoil