... on the Prirazlomnoe field discovered in 1989 in the Pechora Sea allowed to ship and deliver 300 thousand tons of oil to the port of Rotterdam in 2014 (about 2.2 million barrels) [
19
]. The oil produced was called Arctic Oil (ARCO) [
20
]. Currently, this is the only project on the Russian Arctic shelf, where oil is commercially produced. This gives additional advantages for Gazprom, which owns the project. In this context, Rosneft, which also develops the shelf, has no active underwater production projects,...
Developing Offshore Oil and Gas Resources in the Russian Arctic Shelf: Now and Tomorrow
Developing Offshore Oil and Gas Resources in the Russian Arctic Shelf: Now and Tomorrow
The Soviet Union started actively developing its Arctic shelf in the early 1980s. The most promising areas of the Arctic shelf were ...
... will be brought to the International Court of Justice at The Hague.
The Time Factor
politiken.dk
Denmark to officially claim piece of Arctic shelf,
including North Pole
The CLCS is a very busy affair and may considerably delay the examination of the Arctic shelf issues. According to the Danish Geological Survey, the expert opinion on Copenhagen's claim should be completed only by 2027
[5]
. In turn, prominent Russian international lawyer Yury Kazmin warns that "for Russia, the process should optimistically take 20-25 years."
[6]
And Canada would not be able to handle the matter faster.
Hence, the Arctic delimitation talks may last several dozen ...
... at the SevMorGeo Geological Sea Survey Company, about the feasibility of Arctic development and Russia’s current projects in the area.
Mr. Korneev, do you believe that the extraction of offshore resources in the Arctic is economically viable?
Russia’s Arctic shelf incorporates the Barents Sea, which is freer of ice than other waters and hence more economically attractive, and resource extraction will be launched there this year.
Then comes the Kara Sea, which is also relatively ice-free and resource ...
