Oil Search in Norway's New Arctic Area Is Safe, Statoil Says

  • Industry studies show low risk of any spill reaching ice cap
  • Government to award licenses in new Barents Sea area this year

Ice, extreme temperatures and a vulnerable environment are all surmountable challenges as drillers set out to hunt for oil in a new area of Norway’s Arctic Barents Sea, according to Statoil ASA and other explorers.

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