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Norway plans to extend Arctic oil exploration boundary

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Oilfield Technology,

As reported by Reuters, Norway plans to extend its no-go zone for oil exploration in the country’s Arctic waters but stopped short of areas for which licences have already been granted to oil companies.

The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet. Anything north of that line is considered off-limits for oil drilling.

However, the new line remains sufficiently far north that it does not affect existing exploration licences.

The minority government is expected to gain cross-party support for the proposal, which has been under consideration for months.

Read the article online at: https://www.oilfieldtechnology.com/exploration/24042020/norway-plans-to-extend-arctic-oil-exploration-boundary/

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