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9 February, 2012 - 14:40
Norway Prime Minister Jens Stoltenberg announced that the Norwegian Government intends to start additional seismic surveys further north in the area of the Barents Sea previously disputed with Russia. Seismic surveys will start this summer and will continue into 2013.
The survey will provide us with important knowledge about possible oil and gas resources in the area. The area near the maritime delimitation line between Norway and Russia may contain significant oil and gas resources. As a result of the maritime delimitation treaty, which entered into force last summer, Norway and Russia are now able to explore these opportunities. This creates new possibilities for employment and growth in the High North.
The historic treaty signed by Norway and Russia last year provides for continued excellent relations between neighbors and good resource management in the Barents Sea.
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