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

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.
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