New Oil Discoveries In The Arctic

OMV AG (ADR) (OTCMKTS:OMVKY) (ETR:OMV) (FRA:OMV) made an announcement last week of an oil discovery in the Barents Sea in the Norwegian Continental Shelf. The discovery is a phenomenal breakthrough for the region as a whole because it points to the possibility of large potential in the area.

Wisting Central was the first well drilled in the Hoop area, where . . .


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