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.

BY JOACHIM CLAUSHØJ BINDSLEV, ENERGIWATCH

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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