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World Oil: The future is in the north, according to the Norwegian Petroleum Directorate


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World Oil: The future is in the north, according to the Norwegian Petroleum Directorate

Business

Category: Business and Investment News

STAVANGER — Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. The rest is distributed between the Norwegian Sea and the North Sea. The opportunities are greatest in the Barents Sea, where vast areas have not yet been explored. 

The Norwegian Petroleum Directorate presented the report titled Petroleum activity in the High North on 2 April (in Norwegian only). The report places the petroleum activity in the High North into a historical, international and technological framework.

“We hope that the report can contribute in a knowledge-based approach to the debate,” said director general Bente Nyland when she presented the report at the Barents Sea Conference 2019.

Read entire article HERE.

Source: World Oil

Published: May 8, 2019