Press

Norway’s northernmost oil discovery, which could start production within a decade. OMV owns a 25 percent stake in the Wisting license and the other stakeholders are Norway’s Equinor, Norwegian state-owned firm Petoro and Japan’s Idemitsu. Wisting is Norway’s northernmost oilfield, located 300 kilometres north of the Nordic country’s mainland. The Norwegian government is keen for oil firms to develop new oil and gas in the Barents Sea and is considering building an oil terminal on mainland Norway to handle oil exports from offshore fields. - Reuters -