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2011 treaty opens up new areas of exploration offshore Norway
The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half of 2016. The 23rd licensing round will include the first new acreage on the NCS offered by Norway since 1994.

The acreage being offered in this round includes the south-east of the Barents Sea, which is an area that was added to Norway’s territorial borders following a treaty with Russia in 2011. The 175,000...

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