Barents Sea exploration provides opportunity for new investment

The northernmost area on the Norwegian Continental Shelf (NCS) is open for petroleum activity and presents opportunities for both veteran operators and new entrants to the region. Barents Sea exploration has produced four discoveries of more than 100 MMboe in the last 5 years and the Norwegian Petroleum Directorate (NPD) estimates yet-to-find hydrocarbon potential at 7.6 billion boe.

Source: News