Norwegian government to spend millions on oil search in the Barents Sea

A mapping of the geology in the northern Barents Sea could help the Norwegian government bring up even more oil, reports Sysla.

Photo: Ole Jørgen Bratland

Expectations for the Barents Sea have been high for many years. Now, the Norwegian government will expand its knowledge of the northern share of the area in order to map out possibilities.

"Knowledge is critical both for good resource management and to fulfill national economic interests. It is therefore important to further develop the mapping of petroleum resources in the Barents Sea, in particular in areas with potential cross-border deposits," says oil and energy minister Kjell-Børge Freiberg (FrP) in a press release.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs