Barents oil within PM’s grasp / News / The Foreigner

Barents oil within PM’s grasp. Prime Minister Jens Stoltenberg says Norway is poised to begin in the Barents Sea oil business. “We will start surveying the former disputed area’s petroleum resources from Day 1 of the Norwegian-Russian Maritime Line of Delimitation deal,” he says, claiming a governmental oil and gas ‘go’ all depends on the results of the impact assessment. It is now just 29 days until the agreement comes into force following yesterday’s ratification by Foreign Ministers Jonas Gahr Støre and Sergei Lavrov in Oslo.

jensstoltenberg, olabortenmoe, barentsseamaritimelineofdelimitation



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Barents oil within PM’s grasp

Published on Wednesday, 8th June, 2011 at 22:56 under the news category, by Michael Sandelson   .
Last Updated on 4th July 2011 at 15:12.

Prime Minister Jens Stoltenberg says Norway is poised to begin in the Barents Sea oil business.

PM Stoltenberg aboard KV Senja
PM Stoltenberg aboard KV Senja
Photo: Norwegian Coastguard/Flickr


“We will start surveying the former disputed area’s petroleum resources from Day 1 of the Norwegian-Russian Maritime Line of Delimitation deal,” he says, claiming a governmental oil and gas ‘go’ all depends on the results of the impact assessment.

It is now just 29 days until the agreement comes into force following yesterday’s ratification by Foreign Ministers Jonas Gahr Støre and Sergei Lavrov in Oslo.

Hinting at the region’s job opportunities and value creation, though not before the government is satisfied everything is kosher, the PM promises to open its coffers for thorough seismic activity this and next summer towards “closer political and business cooperation between our two countries.”

It is thought the southern part of the Barents Sea apportioned to Norway through the agreement contains considerable oil and gas reserves.

“We must acquire knowledge about the possible resources to further develop petroleum activities on the Norwegian Continental Shelf, as well as consider potential ripple effects for the North,” says Minister of Petroleum and Energy Ola Borten Moe.




Published on Wednesday, 8th June, 2011 at 22:56 under the news category, by Michael Sandelson   .
Last updated on 4th July 2011 at 15:12.

This post has the following tags: jensstoltenberg, olabortenmoe, barentsseamaritimelineofdelimitation.





  
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