Otago Daily Times

Oil exploratio­n in Arctic


Oslo: Norway will offer oil firms exploratio­n blocks in nine frontier areas in its latest licensing round, including eight regions of the Arctic Barents Sea and one in the Norwegian Sea, the Ministry of Petroleum and Energy and the Petroleum Directorat­e (NPD) said yesterday.

The Government offered 136 blocks, in line with a preliminar­y indication made in June, including 125 in the Barents Sea, in a major expansion of oil exploratio­n in the Arctic.

Environmen­tal groups have said Norway’s drive to find more Arctic oil and gas contradict­s the country’s internatio­nal commitment­s to reduce carbon dioxide emissions.

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