exploration factsThe Canadian North, including Yukon, Northwest Territories, and Nunavut, are more likely to be wealthy in mineral assets as nicely. Estimates recommend there could possibly be ninety billion barrels of oil under the Arctic Ocean. Here in Canada, the Mackenzie-Beaufort Sea delta and watershed, which covers a lot of Northwest Territories, incorporates billions of barrels of oil.

Talisman Energy Norge AS, operator of production licence 332, has accomplished the drilling of wildcat properly 2/2-6. Wintershall Norge ASA, operator of production licence 475BS, has accomplished the drilling of wildcat properly 6406/3-eight. A/S Norske Shell, operator of manufacturing licence 392, is in the process of completing the drilling of wildcat nicely 6603/5-1 S (Dalsnuten). Wintershall Norge ASA, operator of production licence 378, has accomplished the drilling of wildcat well 35/12-three S. BG Norge AS, operator of manufacturing licence 522, is within the process of completing the drilling of wildcat nicely 6604/2-1.

Exploration and deposit appraisal share of expenditures, by junior and senior companies, 2008–2018 (si)

E.ON E&P Norge AS, operator of production licence 650, has completed drilling wildcat well 6507/three-eleven S. The well was drilled about 12 kilometres east of the Skarv area in the Norwegian Sea.

Grieg oil field within the central section of the North Sea. Statoil Petroleum AS, operator of manufacturing licence 104, has concluded the drilling of wildcat properly 30/9-27 S. Lundin Norway AS, operator of production licence 338 C, has completed the drilling of exploration nicely sixteen/1-25 S. Wintershall Norge AS, operator of manufacturing licence 248, has completed the drilling of wildcat wells 35/eight-6 S and 35/eight-6 A. Statoil Petroleum AS, operator of manufacturing licence 193 D, has concluded the drilling of wildcat nicely 34/eleven-6 S.

Lundin Norway AS, operator of production licence 501, has completed drilling of wildcat wells sixteen/2-20 S and 16/2-20 A. The wells are dry.

Aker BP ASA, operator of manufacturing licence 762, has concluded the drilling of wildcat properly 6608/6-1. Many of Russia’s largest oil reserves are positioned within the far north of the country and within the Arctic Ocean, resulting in hypothesis that giant, unproven reserves exist throughout the Arctic Circle. Norwegian oil & fuel exploration is already drilling within the Barents Sea off the nation’s north coast. StatoilHydro ASA, operator of Production Licence PL104, has accomplished drilling of wildcat well 30/9-21 A within the Oseberg South space.

Statoil Petroleum AS, operator of manufacturing licence 128, has completed the drilling of wildcat nicely 6608/10-14 S. The properly proved oil and fuel. The discovery was made about 15 kilometres northeast of the Norne field.

Centrica Resources (Norge) AS, operator of manufacturing licence 433, has accomplished the drilling of wildcat nicely 6506/9-2 S in the Norwegian Sea. The well proved gasoline/condensate.

Europeans might have been intrigued by the stories of the dreaded Vikings’ discovery of a “new world,” but they lacked the assets or the desire to observe their path of exploration. Trade continued to revolve around the Mediterranean Sea, as it had for hundreds of years.