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Tuesday, 31 August 2021 00:00

The Ministry of Natural Resources assessed the oil and gas resources of the Arctic seas of Russia

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The Ministry of Natural Resources and Ecology estimated the volume of resources of the Arctic seas of Russia at 15.7 billion tons of oil, 91.7 trillion cubic meters of gas and 4.7 billion tons of condensate.

"The resources of the water areas are estimated at 15.7 billion tons of oil, 91.7 trillion cubic meters of gas and 4.7 billion tons of condensate. At the same time, the degree of exploration of the initial total resources by industrial categories is 4.7% for oil, 10.1% for gas and 6.1% for condensate. It is obvious that geological exploration is necessary to transfer the potential to reserves," said Alexander Kozlov, head of the Ministry of Natural Resources and Environment.

Kozlov noted that now in the Arctic seas - Laptev, East Siberian, Chukchi, Bering - there is practically no drilling study, and the degree of exploration of resources does not exceed 3%.

"But the study of these seas is not a matter of tomorrow, there is no oil and gas transportation infrastructure, there is a difficult ice situation. So far, the interests of the companies are concentrated in the Kara, Caspian, Okhotsk and Pechora Seas," he stressed.

Source: https://tass.ru/ekonomika/12256131

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