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Statoil drills dry well in Barents Sea

Published September 11, 2014 Updated September 11, 2014 07:49am

1 min

By Shoaib Ur Rehman

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OSLO: Norwegian energy firm Statoil drilled a dry well in the Arctic Barents Sea, around 105 kilometres northeast of Hammerfest, the Norwegian Petroleum Directorate said on Thursday.

Statoil and Cairn Energy unit Capricorn each hold 25 percent of the licence, state holding firm Petoro and Concedo each have 20 percent and Austria's OMV owns 10 percent.

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