Offshore oil lease

BAR HARBOR — The Norwegian energy company that lost out on a bid to build an experimental floating wind energy farm off the Maine coast won approval Monday to explore for oil off the coast of Nova Scotia at the edge of Georges Bank.

Last month, the Canadian-Nova Scotia Offshore Petroleum Board recommended that Statoil be granted exploration leases on two parcels located about 90 miles off the southeast corner of Nova Scotia and some 225 miles southeast of Bar Harbor. One of the parcels lies close to the eastern edge of Georges Bank, one of the world’s most productive fishing grounds. Statoil has pledged to spend $82 million (Canadian) over the next six years on exploration expenses.

Time to appeal the board’s recommendation expired Monday, Nov. 20.

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