OMV (Norge) AS is in the process of completing drilling of wildcat well 7324/8-1. The well proved oil. The discovery was made about 170 kilometres northeast of 7220/8-1 Johan Castberg and about 310 kilometres north of Hammerfest. This is the first exploration well drilled in production licence 537, which was awarded in the 20th licencing … Continue reading Oil discovery in the Barents Sea