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News

New knowledge reinforces the belief that there could be petroleum in the Jan Mayen area

23.11.2011

The Norwegian Petroleum Directorate (NPD) and the University of Bergen have acquired geological material from steep parts of the seabed on the Jan Mayen Ridge. Data was acquired from both the Icelandic and Norwegian sides of the ridge.

The oldest samples collected from the seabed at Jan Mayen are 260 million years old. It is pleasantly surprising to find such old sedimentary rocks in the area and positive for the current Icelandic licensing round. The impact of volcanic rocks in the area is less than previously thought, volcanic rocks generally do not have a potential for oil and gas.

Good quality sandstone was discovered which can function as a reservoir rock. In addition, rocks the same age as source rocks on Greenland were discovered.

”This means that we have rocks that could contain material which forms oil and gas. Two important preconditions for possible petroleum deposits are thus in place,” says Sissel Eriksen, exploration director in the NPD.

According to an agreement between the National Energy Authority of Iceland and NPD, data was acquired from both the Icelandic and Norwegian sides of the Jan Mayen Ridge.

Further information on the website of the NPD