Oil Industry Eyes the Arctic

The Norwegian oil industry is focusing on winning the battle of developing the Lofoten area in northern Norway first. However, the ambitions for future development projects lie further north in the Arctic.

– The areas outside Nordland and Troms county in northern Norway, are the most important to explore at present, but future development plans for the oil and gas industry will have to include a mapping of the resources further north, in the Arctic, says Lars Arne Ryssdal in the Norwegian Oil Industry Association (OLF) to news agency NTB.

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