Norway fund manager betting on rigs for 200% return

The Songa Offshore Songa Enabler rig, operated by Statoil ASA, operates in the Snohvit gas field in the Barents Sea off the coast of northern Norway, on Monday, April 24, 2017. Norway is betting the under-explored Barents could boost its oil industry, after crude production fell by half since 2000. Photographer: Mikhael Holter/Bloomberg
The Songa Offshore Songa Enabler rig, operated by Statoil ASA, operates in the Snohvit gas field in the Barents Sea off the coast of northern Norway, on Monday, April 24, 2017. Norway is betting the under-explored Barents could boost its oil industry, after crude production fell by half since 2000. Photographer: Mikhael Holter/Bloomberg

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