Drilling of exploration wells is essential for value creation. With its solid infrastructure, the Norwegian continental shelf offers great opportunities for profitability even for small deposits. For themore venturous companies, there are frontier areas to be explored, especially in the Barents Sea.
Glenn Stangeland, editor at Petro.no, opens the event.
From volume to value. And back again? The Norwegian Petroleum Directorate will provide a status update for exploration activity on the Norwegian continental shelf. Wenche Tjelta Johansen, Assistant Director Exploration
Statoil plans for an active 2018, both near field and in frontier areas. Among the exciting prospects to be explored are Korpfjell Deep and Gjøkåsen by the Russian border in the Barents Sea.
Jørn Ramberg, Senior Advisor Exploration
Making near field discoveries is the business model of many oil companies. Few, if any, has done this better than Faroe Petroleum. This has over recent years resulted in several commercial discoveries; Fogelberg, Maria, Oda, Bauge, Fenja and Brasse. The latter will be the company´s first operated development project.
Andy Roberts, Group Exploration Manager
ExploCrowd offers a different approach to exploration by supplying the oil companies with Ready-to-Drill Prospects.
Founder Sidsel Lindsø
With discoveries such as Edvard Grieg, Johan Sverdrup og Alta/Gohta, Lundin Norway has set a new standard for exploration on the NCS. What can others learn from their many successes?
Halvor Jahre, Exploration Manager
While most exploration companies changed their strategy during the recent oil crises, Wellesley Petroleum stood firm. Kari Langvik Østhus on why exploration will always be the core of their business.
Kari Langvik Østhus, Country Manager
Spirit Energy has a successful history in Norway with discoveries like Oda and Fogelberg. In 2018 the activity level will be record high with exploration wells in all areas of the Norwegian Shelf.
Viggo Tjensvoll,Exploration Manager, Norway & UK.
A number of companies have elected to acquire ready-made discoveries over investing heavily in exploration activity. What does recent transactions tell us about the economics of these two strategies?
PwC Deals partner Daniel Rennemo presents his views on the topic.
Aker BP is planning to drill 12-14 exploration wells on the NCS in 2018. The company will follow up their Frosk-discovery in the North Sea with two more wells before the end of the year. They are always looking for discoveries to bolster their producing assets, and are also exploring several prospects with stand alone potential.
Gro Gunleiksrud Haatvedt, Senior Vice President Exploration