Norway industry presents oil exploration wish list

OSLO, March 3 (Reuters) – The Norwegian industry has listed three areas off the scenic Lofoten and Vesteraalen islands as the most interesting oil and gas exploration areas off Norway’s Arctic coast in a new report to the government.

The oil industry has long hungered for the areas of Nordland VI, Nordland VII and Troms II, and the Norwegian Oil Industry Federation (OLF) and its partners in the KonKraft group said opening them to drilling could contribute significantly to slowing a long-term decline in Norwegian petroleum production.

Nordland VII and Troms II have never been open to petroleum activity.

To read the entire Reuters article, click here.

You may also like...