Norway to drill in Arctic despite EU moratorium
Oslo has said it will develop oil and gas resources in the Barents Sea regardless of a proposed EU moratorium on Arctic fossil fuel drilling. Norway provides over 10% of EU oil and around a third of its gas
Arctic nautical boundaries
Contested boundaries
GREENLAND
RUSSIA
CANADA
NORWAY
Barents Sea North: Not yet open for exploration
North Sea
Norwegian Sea
Oil and gas reserves
Potential oil and gas fields
“Green battery” of Europe
Renewable energy from hydroelectric plants exported via international interconnectors
Liquids
Gas
Million standard m3
0
500
1000
Reserves
Contingent resources
Undiscovered – open areas
Undiscovered unopened areas
Production to fall sharply after 2030 unless new resources discovered and developed
North Sea
Norwegian Sea
Barents Sea
Sources: Reuters, EEA, Norwegian Petroleum
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