According to the U.S. Geological Survey (USGS) said the Barents Sea continental shelf have marked more than 76 billion barrels of recoverable oil and gas reserves. USGS estimates of the Barents Sea four geological provinces have been found, conventional and technically recoverable oil resources, including 110 million barrels of oil and 380 trillion cubic feet of natural gas and 20 million barrels of natural gas liquids.
USGS is in the 2008 assessment. Located in the Barents Sea continental shelf north of the Arctic Circle, an area of 1,760,000 square kilometers, most of the water depth of less than 500 meters.
According to the USGS report said: "This region has most of the Arctic basin, some of the important features, including sparse data, the higher the uncertainty of the geological potential of oil exploration and exploitation of abundant resources, as well as the technical difficulty and so on."
Jul. 3, 2009
