AGR Supports E&P Companies with Development of Multi Client Studies

AGR has developed several Multi Client studies on the Norwegian Continental Shelf that help the small and medium-sized E&P companies but also majors identify exploration prospects in a cost-efficient method.

AGR’s Multi Client studies provide an entry tool for its clients to obtain a significant amount of interpreted key horizons and well data, supported by a complete public 2D and 3D seismic database on which to make sound planning and investment decisions.

One of the recent Studies the team has developed covers the Finnmark East platform, situated near the northern border between Norway and Russia.

Despite the increasing interest in the new area open for exploration in the Barents Sea southeast, the Eastern Finnmark Platform is still one of the most underexplored domains. So far only seven wildcats have been drilled in the area.

AGR saw great potential in the near-shore area and started gathering geological information for the study. The working process has included 6-7 specialists working on the case with background within geology, geophysics, petrophysics and geological chemistry. The recent nomination round published by the Norwegian Petroleum Directorate showed great interest particularly to the Finnmark area.

The recent discoveries have proved the large hydrocarbon potential of Permian and Triassic plays in the central and western Barents Sea, also present in the Eastern Finnmark Platform.

AGR’s Exploration Manager Erik Lorange comments: “Our results from an integrated geoscientific evaluation of the Eastern Finnmark Platform reveal detailed Permian and Triassic depositional environments, unlocking the potential prospectivity in the area. We are especially looking at two periods of exposure during Permian and the gliding of Triassic sediments over the underlying basinal evaporites that create both reservoir potential and traps within the Eastern Finnmark Platform.”

AGR’s Finnmark Platform Study is based on the interpretation of regional released 2D and 3D seismic datasets, available wells and cores, previous commercial reports, published reports and publications. Depositional environments are constructed based on the integration of the information extracted from new core descriptions, wireline log analysis and seismic interpretation, pointing at the potential reservoir rocks. Geochemistry and basin modelling analysis reveal target source rocks and their maturation in the area, peculiarly highlighting its possible partial Russian origin. Integrated facies analysis and basin modelling led to the identification of more than a dozen of hydrocarbon leads within Carboniferous, Permian and Triassic sediments in the area, being up to the half of them structural traps.

Press Release, June 20, 2014

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