Oil discovery in the Barents Sea

Austrian company OMV has made a discovery of up to 50 million barrels of oil in one of the northernmost licenses in the Barents Sea.

The third drilling in license 537 in Norway has resulted in a minor discovery for Astria-based OMV, which has a share of 25% of the license, in which Petoro, Idemitsu, Tullow and Statoil also own shares,

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