No oil for Statoil in Barents Sea wildcat offshore well

AP Worldstream | May 13, 2005| | Copyright

DOUG MELLGREN, Associated Press Writer
AP Worldstream
05-13-2005
Dateline: OSLO, Norway
A closely watched wildcat exploration well in Arctic waters that Norway hopes will be its new oil frontier turned out to be another disappointment, the national petroleum agency said Friday.

The dry well was drilled at the Guovca prospect in the Barents Sea, some 115 kilometers (70 miles) off Norway's far northern coast, by the state oil company Statoil ASA.

The oil industry is keenly interested in Barents Sea drilling because it is the last unexplored area of the Continental Shelf of Norway, the world's ...

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