So far this year, Norwegian oil company Petoro has not had much success with new oil and gas discoveries.
Of the 17 exploration wells at which the company has been partner this year, 11 have proven to hold traces of neither oil nor gas, writes Norwegian media Sysla. At the same time, none of the discoveries made have been "particularly big", according to the company's Chief Executive Grethe Moen, who deems the results "disappointing" to the outlet.
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