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Norway offers record number of blocks to oil companies in Arctic waters

The country offered 93 blocks, which beats the previous record of 72

Reuters  |  OSLO 

Norway offered a record number of blocks for oil and gas exploration in the Arctic Barents Sea on Wednesday, brushing off concerns about the risks of drilling in the remote, icy environment. The oil ministry proposed 102 blocks, comprising 93 in the Barents Sea and nine in the Norwegian Sea, despite calls from the Norway's Environment Agency to remove about 20 blocks near Bear Island, an important nesting site for Arctic birds. The application deadline for Norway's 24th Arctic licensing round is Nov. 30 and the aim is to announce awards during the first half of 2018, the ...

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First Published: Wed, June 21 2017. 17:22 IST
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