Statoil (STO -2.5%) is a step closer to starting its stalled drilling campaign in the Barents...

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO -2.5%) is a step closer to starting its stalled drilling campaign in the Barents Sea after gaining a permit from Norwegian regulators for the first probe in the vicinity of its Skrugard discovery. STO hopes to kick off the total nine-well Arctic campaign later this month or next using Seadrill's semi-submersible West Hercules after being forced to postpone it from November.