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Norway awards 10 new drilling licenses in Barents Sea

stander
stander
in Oil, Gas and Energy News

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OSLO, May 18 (Xinhua) -- Norway on Wednesday said it awarded 10 new licenses for oil and gas exploration in Barents Sea, offering new acreage for exploration for the first time in 20 years.

The Norwegian Ministry of Petroleum and Energy said in a statement that the new licenses consist of 40 blocks in total and three of the licenses are located in the newly opened area in the Barents Sea South-East area near the Russian border.
"Today, we are opening a new chapter in the history of the Norwegian petroleum industry," Minister of Petroleum and Energy Tord Lien was quoted as saying.

http://news.xinhuanet.com/english/2016-05/19/c_135369935.htm

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