Lundin's Alta lifts hopes for Norway's southwestern Barents
Prospects open for a development project in the southwestern part of the Norwegian Barents Sea
Appraisal drilling at Lundin's Alta oil and gas discovery has raised prospects for a development project in the southwestern part of the Norwegian Barents Sea. The Swedish company, which also has the nearby Gohta discovery, has had talks with Statoil, operator of the Johan Castberg development project further north, over cost-saving initiatives and the oil minister has said he is willing to provide state support for an oil pipeline from the area. Lundin said in June that two wells had successfully appraised the western part of Alta, which it had initially estimated to hold a recoverable 88m-315m barrels of oil and 5bn-17bn cubic metres (cm) of gas. The firm will update the estimate after dri
Also in this section
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
22 April 2026
Sustained strikes on ports, terminals and refineries are testing the resilience of Russia’s oil export system, yet rapid repairs, rerouting and surging prices mean the campaign has yet to deliver a decisive blow
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
