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Russian Version — Arctic Petroleum Resources: Basis for Petroleum Activities in the 21st Century

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Course Credit: 0.15 CEU, 1.5 PDH

The Arctic continental shelf is believed to be the area with the highest unexplored potential for oil and gas. Despite a common view that the Arctic has plentiful of hydrocarbon resources there are ongoing debates regarding the potential of this region as a future energy supply base. Driving forces for such discussions are geopolitics, environmental concern, assessment and delineation of Arctic resources, technology available for their successful development and the market demand for energy supply.

It is not only petroleum resources of the Arctic that are poorly explored. Our general knowledge of global ecosystems and the overall impact on them made by human activities is scarcely studied. There is very little knowledge on how offshore oil and gas resource development will impact climate change in a long-term perspective. This is especially important for the vulnerable Arctic areas and northern seas. New regulations and environmental standards should be jointly developed by the international community.

Do we have an alternative to the development of oil and gas fields located in the Arctic offshore areas? The development of Arctic resources is inevitable although there is no hurry in doing that now. However, the future role of the Arctic region is of paramount importance, and its resources should be further explored and assessed. There is no doubt that in the second part of XXI century production of HC in the Arctic petroleum mega basin will be as important in energy supply as Persian Gulf and West Siberia basins today.

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  • 1Russian Version — Arctic Petroleum Resources: Basis for Petroleum Activities in the 21st Century - Chapter 1
    Media Type: Video


Earn credits by completing this course0.15 CEU credit1.5 PDH credits


Anatoly Zolotukhin