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Friday, Sep 7
2012, 2:47 PM
A record number of oil companies have applied for production licenses in mature areas offshore...
A record number of oil companies have applied for production licenses in mature areas offshore Norway, where total investments are expected to set a record 204B kroner ($35B) in 2013. High oil prices have boosted exploration activity, and the number of applications shows companies still want to explore predefined areas in the North Sea, Norwegian Sea and Barents Sea.