Energy Cooperation Between Norway And Britan

Norway and Britan have signed a partnership document agreeing to work together on oil and gas exploration, on the development of offshore wind farms and on a North Sea power grid.

The agreement was signed by British Prime Minister David Cameron and his Norwegian counterpart Jens Stoltenberg, following a summit meeting meeting in London on Wednesday, with leaders of Iceland, Norway, Latvia, Sweden, Finland, Denmark, Lithuania and Estonia participating.

Norway is investing £1bn in the Sheringham Shoal windfarm and planning to spend up to £30bn on the Dogger Bank windfarm, which has been licensed for probable construction in 2014 and could potentially supply 10% of the UK's total electricity needs, BBC reports.