Greater Castberg Survey - A catalyst for further development

Exploration activity in the Barents Sea has fluctuated considerably over the last 40 years, in line with the price of oil and general industry optimism. Today’s high level of activity focused on ongoing and planned field developments and production may spur further exploration as infrastructure is developed. Exploration efforts in the vicinity of the producing Snøhvit and Goliat fields have been successful and the ongoing development of the Johan Castberg Field is opening up new areas for nearfield exploration. An important tool in the search for additional resources is the recently processed Greater Castberg TopSeis survey, a CGG/TGS multi-client joint project.