OSLO, Nov 19 (Reuters) - Norway will offer oil firms 136 new offshore exploration blocks in a new frontier area licensing round in the Norwegian Sea and the Barents Sea, the Ministry of Petroleum and Energy and the Petroleum Directorate (NPD) said on Thursday.
The government had previously indicated that it could offer up to 136 blocks, including 125 in the Barents Sea, in a major expansion of oil exploration in the Arctic. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.