Mixed response to Norway's Barents Sea initiative

Terdre, Nick
August 2006
Offshore;Aug2006, Vol. 66 Issue 8, p48
Trade Publication
The article focuses on the awarding of licenses and the introduction of an integrated management plan to enhance exploration and production of offshore oil fields in the Barents Sea in Norway. A ban on the exploration or appraisal of wells were lifted in January 2005, but the future for oil production remained questionable as the government investigated whether it was compatible with the sensitive environment and other marine activities such as fishing. Interest on exploration in the Norwegian Barents is growing fast as attested by the U.S. Geological Survey's claim that 25% of undiscovered hydrocarbon resources are located in the area. The integrated management plan opens a large part of the southern Barents to exploration and production.


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