Statoil competititors see solid activity in the Barents Sea

Although Statoil will not be looking for oil in the Barents Sea in 2015, other oil companies will be present. The second best year for exploration ever, according to industry organization.

Photo: Ole Jørgen Bratland - Statoil

The exploration for oil in the Arctic and the Norwegian part of the Barents Sea will be ongoing in 2015. Even though Statoil has announced that the company will not be exploring for oil this year in the area, other companies will be spending time and energy there, as Kjell Giæver, CEO of the industry organization Petro Arctic says to the Norwegian newspaper Aftenposten .

"Statoil has done a lot of drilling in the North this year and now they are taking a break. We believe the international trend will of course affect us in the North, as much as it does in the rest of the industry. It wouldn't surprise us if the companies also begin exploring less but it seems right now as if 2015 will be the second best year for exploration in the Barents Sea so far," he says.

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