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Norway’s Statoil eyes an Arctic ‘elephant’ near Russian border

By Atle Staalesen, The Barents Observer January 5, 2017
1793

Norway’s Statoil is exploring an offshore oil prospect near the Russian border that could prove to be a major find. Experts believe the Korpfjell license (PL859) could hold up to 10 billion barrels of oil. That would make it an ‘elephant,’ a field with huge resources.

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