Norway Wants Oil Companies Exploring in Barents Sea to Leave ‘No Stone Unturned’
The Songa Enabler rig the Barents Sea off the coast of northern Norway,
Photographer: Mikhael Holter/BloombergOil and gas companies, such as Equinor ASA and Var Energi ASA, should “leave no stone unturned” in expanding their resources in the Barents Sea region as Norway looks to future-proof its position as key energy supplier to Europe.
“The Barents Sea is like a kind of little brother, but when we look into the future at the resource potential that is out there, it could be a big brother on the Norwegian continental shelf in the future,” Petroleum and Energy Minister Terje Aasland said in Hammerfest Wednesday. The industry has collective responsibility, and “that means leaving no stone unturned to find more gas in the Barents and that work on expanding export capacity continues.”