Oil industry with eyes on the Arctic

March 4, 2009

Lars Arne Ryssdal. Photo www.olf.no

The Norwegian oil industry is focusing on winning the battle of developing the Lofoten area in northern Norway first. However, the ambitions for future development projects lie further north in the Arctic, reports the Barents Observer.

“The areas outside Nordland and Troms county in northern Norway, are the most important to explore at present, but future development plans for the oil and gas industry will have to include a mapping of the resources further north, in the Arctic,” says Lars Arne Ryssdal in the Norwegian Oil Industry Association (OLF) to news agency NTB.

To read the full story on BarentsObserver.com, click here.