Swedish energy company Lundin Petroleum said Tuesday it made an oil and gas discovery in a frontier area near an existing field in the Barents Sea. The company’s Norwegian subsidiary said it confirmed an oil and gas discovery while drilling a wildcat well, one drilled in a region not previously known to hold hydrocarbons. The well in the Neiden exploration area was drilled about 37 miles northeast of the Alta discovery in the southern waters of the Barents Sea. “The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil equivalents,” the company said in a statement. The Norwegian Petroleum Directorate confirmed the discovery , putting the preliminary estimate […]