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Oil & Gas Exploration in the Arctic
In overcoming the technical challenges of oil production in the Arctic, are we making the most of a strategic resource or heading for an environmental and political minefield? The vast Arctic region is probably the last remaining unexplored source of hydrocarbons on the planet. Ultimate resources are estimated at 114 billion barrels of undiscovered oil and 2000 trillion cubic feet of natural gas. This great prize, in a world of diminishing resources, has stimulated both governmental and industry interest. Harnessing the considerable resources of the ‘Final Frontier’ is going to be fraught with many technical, political and environmental challenges that will engage many minds, both scientific and political over the next half century.
Oil & Gas Exploration in the Arctic