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September 25th, 2010
A New Barents Oil and Gas Province

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BARENTS OBSERVER – The Russian Minister of Natural Resources believes the now delineated areas in the Barents Sea include up to ten “very big” and “unique” structures. Talking to journalists this week, Minister Trutnev called the Russian-Norwegian delimitation of the Barents Sea as “a truly historical event for the development of Russian geology”. –We get the chance to study, and then hopefully exploit, resources estimated to tens of billions tons of oil equivalents, RIA Novosti reports. Read More