: Arctic Petroleum Geology. Geological Society Memoir. Chapter 29
: Arctic Petroleum Geology. Geological Society Memoir. Chapter 29
The dramatic rise in the world oil and gas demand has led to concerns about the energy future for mankind. In the twenty-first century the sedimentary basins of the Arctic Ocean will play a leading role as petroleum provinces, including its Russian shelf areas. This article deals with the characteristics and assessment of resources in the Russian sector of the Arctic Ocean offshore areas. One can predict with 0.90 probability that the Arctic Ocean initial in-place hydrocarbon resources exceed 90 billion tons oil equivalent (toe). The assessments lead to the conclusion that during these years a petroleum production industry will develop on the Arctic Ocean Shelf.
