Norwegian government to spend millions on oil ventures in the Barents Sea

A mapping of the geology in the North Barents Sea could help the Norwegian government bring up even more oil, reports Sysla.

Photo: Ole Jørgen Bratland

Expectations for the Barents Sea have been high for many years. Now, the Norwegian government will expand its knowledge of the northern share of the area in order to map out possibilities.

"Knowledge is critical both for good resource management and to fulfill national economic interests. It is therefore important to further develop the mapping of petroleum resources in the Barents Sea, in particular in areas with potential cross-border deposits," says oil and energy minister Kjell-Børge Freiberg (FrP) in a press release.

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