Arctic has large fossil fuel reserves

The northern area of ​​the Arctic Circle is estimated to have about 90 billion barrels of oil, with 1.670 trillion minutes of recoverable natural gas reserves and 33 billion barrels of liquid gas never exploited in 25 geographic areas. Specific substances that people suspected of containing gasoline before.

The US Geological Survey's assessment published July 24 is the first public review of the available source of petroleum on the entire northern area of ​​the Arctic Circle.

This resource accounts for about 22% of renewable but undiscovered resources in the world . The Arctic contains up to 13% of oil reserves and 30% of untapped natural gas reserves, and also 20% of liquefied gas is still untapped in the total number of unknown sources of energy in the world. . About 84% of the estimated reserves are thought to be located offshore.

USGS Director Mark Myers said: 'Before we can make judgments about future oil and gas use and related decisions regarding the protection of endangered species, Indigenous communities as well as the health of the planet, we need to know what there are. With the assessment, we provide information to people around the world so that the global community can make these difficult judgments. '

Sedimentary rocks at Lisburne Group under the rainbow at night near Lake Galbraith, Alaska, in the summer of 2001. (Photo: USGS / David Houseknecht)

Of the total estimated reserves, more than half of the untapped oil is expected to be in three geographical provinces: Arctic Alaska, Amerasia Basin, and East Greenland Rift Basins. On the basis of assessing the equivalent of oil, the estimated unexploited nature has a three-fold larger storage of oil than the Arctic oil reserves . More than 70% of unexploited natural gas can be found in 3 provinces: West Siberian Basin, East Barents Basins, and Arctic Alaska.

The USGS Circum-Arctic Resource Assessment is part of a project to assess global petroleum regions using consistent and consistent methods and protocols. The method allows comparing oil reserves with other oil regions in the world. USGS has collaborated with many international organizations to conduct geological analysis in Arctic regions.

Recoverable resources are the production sources thanks to the available technology and industrial practice. For research purposes, USGS does not consider economic factors such as the impact of permanent ice sheets or the depth of seawater while assessing untapped sources of gas and oil. USGS is just a provider of public estimates of the source of gas and oil that can be produced as never discovered.

People discovered 400 oil fields and knots on the north side of the Arctic Circle. These oil and gas fields supply about 40 billion barrels of oil, and over 1,100 trillion minutes of gas reserves and 8.5 billion barrels of liquid gas. However, people have not yet exploited oil, especially in the Arctic offshore.