The Barents Sea new hot-spot for the oil industry
The Barents Sea is not only the most accessible region in the Arctic. It is also the new hot-spot for companies looking to get at the new resources in the region.
by DANIEL LOGAN
The open parts of the Barents Sea account for 1.5 times as much as the explored regions of the North Sea, but they are nowhere near as thoroughly explored. Now the big oil companies, with Shell, Statoil, and Conoco in the lead, are lining up to get access to the resources, says Offshore.no, which points at the Barents Sea as new, major oil hot-spot.
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