Norway extends permits for Norwegian and North Sea drilling

The Petroleum Safety Authority granted a permit to Aker BP to drill an exploration well in the Volund oil field in the North Sea. Volund is in service through a floating production platform and Aker BP aims to probe the potential for new hydrocarbons about 4 miles west of the infrastructure in place at Volund. The Norwegian Petroleum Directorate, the national regulator, reported preliminary production for January at 2.02 million barrels of oil, natural gas liquids and condensate. Of that total, January production for oil was about 1.6 million barrels per day, which was about 4.3 percent lower than December. Norway is one of the larger energy producers in the world and a main supplier to the European market, aside from Russia. (International Business Times)



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