New drilling has started in a prospect in the Norwegian waters of the Barents Sea near one of the region’s larger discoveries, Lundin Petroleum said. Lundin’s subsidiary in Norway said Monday it started drilling an exploration in the Hufsa prospect in the southern waters of the Barents Sea. The well is located just south of the Filicudi and Johan Castberg proven discoveries in Norwegian waters. “The Hufsa prospect is estimated to contain gross unrisked prospective resources of 285 million barrels of oil equivalent,” the company said in a statement . Johan Castberg was one of the more significant finds in the region in recent years. The field has estimated proven reserves of between 400 million and 600 million barrels of oil, […]