DEA Norge, the company controlled by Russian billionaire Mikhail Fridman, did not find oil in the license area which it controls together with new partner Wintershall
The appraisal well drilled by company Lundin at the Alta structure is an important step towards another major field development in the northern Norwegian waters.
The two brand new 160-meter long vessels that are making it through the Russian Arctic shipping route produce less than half of normal vessels’ carbon dioxide emissions.
The Heiss area is located along the coasts of the Franz Josef Land and could hold up to 140 million tons of oil and 2 trillion cubic meters of gas. Now, Gazprom is training on how to remove icebergs from the harsh Arctic waters.