OMV’s Wisting discovery in the Barents Sea, the northernmost find offshore Norway, could contain more than 1 billion BOE, the company said. That could make Wisting the largest discovery in the Norwegian Arctic. Preliminary recoverable reserves estimates range from 200 million to 500 million BOE. The company and its partners Statoil, Idemitsu, and Petoro continue to explore the region. If the project is approved, work could begin in 2019 or 2020, OMV Senior Vice President David Latin told a conference recently.
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