Asset Report
Norway West Barents Sea exploration basin
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The West Barents Sea Basin is situated in Norway's Barents Sea at latitudes greater than 69° north. Despite the significant volumes discovered, exploration has failed to create double-digit returns due to the difficulties in commercialising discoveries. The build-up of infrastructure has allowed the commercialisation of smaller, tie-back developments. This is a trend which should continue into our outlook period, supporting smaller field sizes. Most exploration to date has focused on the Mesozoic plays on the shelf area of the basin. Acreage in the Southeast Barents was first awarded in 2016 as part of the 23rd Licensing round.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
- Wells drilled
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Prospective resources by play
- Mesozoic Shelf Oil
- Prospective resource costs and underlying development assumptions
- Prospect economics - Mesozoic Shelf Oil
- Prospect economics - SE Barents Oil
- Full-cycle basin economics
- Oil and gas prices
- Licensing
- Fiscal terms
Tables and charts
This report includes the following images and tables:
- Exploration history map
- Drilling activity by well type
- Discoveries and success rates
- Top 10 discoveries
- Current acreage holders
- Mesozoic Shelf Oil
- SE Barents Oil
- Summary of discovery and development costs
- Unit value of potential discoveries
- Breakeven price of exploration
- Mesozoic Shelf Oil
- Unit value of potential discoveries
- 11 more item(s)...
What's included
This report contains:
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