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More Arctic oil discoveries expected in Norway's Barents

Norway may see a series of Arctic oil finds after a well produced crude from a previously unproductive layer of rock, explorer Lundin Petroleum AB (LUPE) said.

“We’re hoping for a string of pearls,” said Sanness, whose company made Norway’s biggest oil find in decades in 2010. “We plan to build resources aggressively over the next years, so there’s little doubt we’ll reach the commercial threshold” for developing Gohta.

 

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