OSLO, Norway – The government of Norway has a line item of NOK 173 million ($21.2 million) for seismic surveys that would target the Barents Sea. The spending in contained in the government’s 2016 budget proposal.
Tord Lien, minister of Petroleum and Energy, said the government believes there are substantial remaining resources of oil and gas in the Barents Sea, and that the survey will help to increase activity and employment in the north.
“Mapping of these areas is also important to highlight the presence in the north and to safeguard national interests,” he said.
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