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Norway Expects More Arctic Oil Drilling After Barents Sea Strike

Norway expects more drilling in its Arctic waters after Statoil ASA’s announcement last week of the first commercial find in the Barents Sea in more than 10 years.

“After Statoil’s discovery, we’ll be going through those maps again to see whether there are any opportunities we might have missed,” Bente Nyland, head of Norway’s Petroleum Directorate, said yesterday in an interview in Hammerfest, a town on country’s northern tip. “You’ll see more companies who’ve had a wait-and-see attitude coming in.”