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, historically, 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
-
Summary of commercial outlook
- Advantages:
- Challenges:
- Pre-rift (Pre-Devonian)
- Rifting I (Devonian-Late Carboniferous)
- Subsidence and quiescence (Late Permian – Middle Jurassic)
- Rifting II (Late Jurassic – Early Cretaceous)
-
Uplift and Glaciation (Late Cretaceous - Present)
- Source Rocks
- Reservoir Rocks
- Seal Rocks
- Major Structures / Traps
- Wells drilled
- Prospective resources by play
- Mesozoic Shelf Oil
- Mesozoic Shelf Oil
- 7 more item(s)...
- Bibliography
Tables and charts
This report includes the following images and tables:
-
West-East cross section of the West Barents Sea BasinNorth-South cross section of the Hammerfest sub-basinGeneralised stratigraphic column of the West Barents Sea basin across Norway and Russian waters
-
Key play dataAssumptionsWest Barents Sea Basin primary source rocksWest Barents Sea primary reservoirsHammerfest petroleum system events chartNordkapp petroleum events chartStructural map of the West Barents Sea basinExploration wells by playKey play characteristics
- 23 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Asset Report
Indonesia South Sumatra exploration basin
The pre-Tertiary Basement proviedes some upside for prospectivity in a mature basin
$2,800
Insight
Global Upstream Update: September 2026
Key themes: novel resource capture strategies, growth opportunities but with caveats, and tougher expansion challenges reveal themselves.
$1,350
Asset Report
Junggar Basin (Remaining PetroChina)
Junggar is an intermontane basin in the remote northwest of China and is part of the Xinjiang Uygur Autonomous Region.
$3,720
