Report points to "vast volumes" of oil in Norway

Norway has produced oil and gas for 50 years, but the reserves are not even halfway depleted, notes the company's petroleum directorate in its latest resource report. Discoveries have been made for volumes totaling more than 4.4 billion barrels, according to the report.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

There are still "vast volumes" of oil and gas left on the Norwegian Shelf in the North Sea.

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