The West Barents Sea Basin is situated in Norway's Barents Sea at latitudes greater than 69° north. Despite the significant volumes discovered, exploration in the past 10 years has generated marginal returns due to the difficulties in commercialising discoveries. Positive value creation is limited to the middle of the decade when large liquid volumes were discovered. This is a trend which should continue into our outlook period as infrastructure begins to build up in the basin. Most exploration to date has focused on the Mesozoic plays on the shelf area of the basin. Acreage in the Southeast Barents was awarded in 2016 as part of the 23rd Licensing round. Despite the disappointing result on the first well in this new play during 2017, drilling will ramp-up in 2018 with three wells targeting around 1 billion barrels of prospective resource.