CNOOC in Iceland: 2D measurements to start next year

Representatives from Chinese oil major CNOOC 中海油 met yesterday with their Jan Mayen license partners, Eykon Energy from Iceland and Petoro, owned by the Norwegian state. Talking to Icelandic TV station Stöð 2, Gunnlaugur Jónsson from Eykon described plans to begin two-dimensional data acquisition by next summer, then three-dimensional measurements two years after that. Drilling platforms could be seen in the area between 2019 and 2021, he added.

Everyone at the meeting was smiling broadly, despite the fact that falling oil prices have been making Arctic oil exploration projects less attractive. Asked about that, Gunnlaugur said he didn’t perceive a diminished enthusiasm.

My blog hosts a long-ish background article about CNOOC and their activities in Iceland. Occasional updates about the Jan Mayen (Drekasvæði) project pop up in it from time to time.

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