- A frontier wildcat well to be drilled by Statoil (STO) in the northernmost part of Norway’s Barents Sea could run the risk of a territorial dispute with other countries if a discovery is made.
- While Norway claims applicable treaties only cover onshore areas, other signatories including the U.K. and Russia could argue they also have a claim to any hydrocarbon resources found off the Arctic archipelago.
- The Hoop wildcats are part of a wider Barents drilling campaign being carried out by STO.
- Separately, STO has hit dry wells when looking to determine the size of the Volve oilfield in the North Sea.
From other sites
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Dec 11, 2014)
at CNBC.com (Nov 28, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs