Statoil back drilling in the Arctic

Despite protests, Statoil is once again drilling in the Arctic in the Barents Sea,, report several media. "Now we will test what could end up creating the next chapter in Norway's oil narrative," says Jez Averty, Head of Statoil's activities on the Norwegian and UK shelves.
Photo: Ole Jørgen Bratland - Statoil
Photo: Ole Jørgen Bratland - Statoil
BY LOUISE VOGDRUP-SCHMIDT, SHIPPINGWATCH

Following a two-year hiatus, Statoil is back drilling in the Barents Sea. There are several motivating factors behind this, one being that the costs related to oil explorations have decreased significantly, and that it thus now pays better for the company to search for oil.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading