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New production licences covered by Estimages

Published on:
May 24, 2016
The 18th of May, the Ministry of Petroleum and Energy (MPE) has issued an offer of new production licences in the 23rd licensing round on the Norwegian Continental Shelf.

The 18th of May, the Ministry of Petroleum and Energy (MPE) has issued an offer of new production licences in the 23rd licensing round on the Norwegian Continental Shelf. All new ten production licences are located in the Barents Sea and are covered by ESTIMAGES existing velocity model; even the three production licences located in the new area of the southeastern Barents Sea. ESTIMAGES innovative fully 3D methodology for regional velocity modeling leads to high quality velocity models and hence provides a competitive advantage to explorations teams using them.