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The Norwegian Petroleum Directorate (NPD) Presented Important new Research Results in the Dreki Area

30.1.2012

The Norwegian Petroleum Directorate (NPD) and the University of Bergen presented important new research results in the Dreki Area at the 30th Nordic Geological Winter Meeting in Reykjavík.

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.

The Presentation can be found here