Statoil bets on Barents Sea oil hunt in 2017

Statoil hopes that the oil company will be able to drill for oil in the Barents Sea by as early as 2017, says the group in relation to a new license tender on the Norwegian Shelf, where new areas are in play.

Photo: Ole Jørgen Bratland

By as early as 2017, Norwegian oil major Statoil hopes to be able to drill in the Barents Sea, informs the company in relation to an application submitted to Norwegian authorities for the 23rd license tender on the Norwegian Shelf.

The Norwegian authorities will open for new exploration areas on the Shelf for the first time since 1994, and this includes the southeast region of the Barents Sea. Statoil has explored the Barents Sea for more than 30 years, and the oil company performed large-scale exploration programs in the Arctic region in 2013 and 2014.

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