Noreco starts drilling in the Barents Sea
Exploration well in the Eik prospect.
Norwegian Energy Company ASA (Noreco) has started the drilling of exploration well 7228/1-1 on the Eik prospect in the Barents Sea, the company reports.
* Oil price fallen USD 20 per barrel in three months. * OPEC to try to slow dramatic fall. * Falling oil price and tough international competition may spawn up to 25% investment cut. * Could reinforce oil industry crisis.
The government's partner Party wants answers as to the importance of the giant field being controlled from Stavanger.