During early February the Norway Petroleum Safety Authority (PSA) issued an order to Statoil following an investigation of the hydrocarbon leak incident on the Heimdal field. The hydrocarbon leak occurred in connection with testing of two emergency shutdown valves on the HMP1 drilling, production and living quarters platform on the Heimdal field on 26 May 2012.
On late January Tap Oil Limited announced its gross volumetric recoverable gas resource estimate for the WA-351-P portion of the Tallaganda structure. Tap’s studies indicate approximately 500 Bcf (Billion Cubic Feet) of gas in the WA-351-P portion of the Tallaganda structure
During late January a report from Providence Resources revealed significant oil potential in the area in the Rathlin Basin offshore northern Ireland. Providence’s report was based on Full Tensor Gradiometry (FTG) and magnetic airborne survey carried out by Bell Geospace. Initial processing of these data revealed the presence of five FTG anomalies which were deemed prospective for hydrocarbon exploration.
The Barents Sea, supports one of the world’s major fisheries, and is as such, already economically very important. Several major oil firms have expressed interest in exploring deep into Arctic territories, and governments of countries such as the United States, Russia, Canada and Norway have been preparing for this eventuality. RIGZONE published a very interesting article this week regarding Barents Sea exploitation.
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Officer of the Watch 