The newly minted deal will give North Energy access to coveted EM data over 110 Barents blocks - of which five are in the company’s portfolio and 57 are unawarded - covering 30,000 square kilometres, as well as services, to strengthen its competitive position in the prospective Arctic region.
Controlled-source electromagnetic technology, based on the use of seabed receivers to transmit data on hydrocarbon resistivity to a survey vessel, is believed to give a more accurate picture of reservoir conditions than traditional seismic.
It
