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factor for the production level. Norwegian petroleum reserves According to the US Geological Service,13 from the 1690 billion barrels of
the world’s undiscovered energy resources, 440 milliard barrels (26%) are
in the Arctic. From them, 187 billion are oil and the rest natural gas. 57% is
in northwestern Russia (250 billion barrels) and the rest is in the eastern
side of Barents Sea and Timan/Pechora. However, such strategically
disputed regions, like the Barents Sea (South and North Barents Sea), the
northern part of Kara Sea between Novaja Zemlja and Franz Josef Land,
the regions around Spitsbergen and the North Pole, are not mentioned in
the report. This could mean that the total reserves in several parts of the
Arctic, which either belong to or neighbour Norway, could be much more
significant. The region between West Siberia and Spitsbergen could have
much greater reserves than Saudi Arabia (250 billion barrels) has. This
again explains the big powers’ interest in the region.
The total oil resources on the Norwe...
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This document was uploaded on 03/30/2014.
- Summer '14