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/offshore-and-subsea/24042020/norway-plans-to-extend-arctic-oil-exploration-boundary/
You might also like
Chariot Limited’s acreage offshore Morocco includes the 18 Bcm (gross) Anchois gas development and significant exploration prospectivity.