Circumpolar distribution and probability of potential petroleum reserves in the North

Extensive oil and gas activity has occurred in the Arctic, primarily land-based, with Russia extracting 80% of the oil and 99% of the gas to date (AMAP 2008). Furthermore, the Arctic still contains large petroleum hydrocarbon reserves and potentially holds one fifth of the world’s yet undiscovered resources, according to the US Geological Survey (USGS 2008) (Fig. 14.4). While much of the currently known Arctic oil and gas reserves are in Russia (75% of oil and 90% of gas; AMAP 2008), more than half of the estimated undiscovered Arctic oil reserves are in Alaska (offshore and onshore), the Amerasian Basin (offshore north of the Beaufort Sea) and in W and E Greenland (offshore). More than 70% of the Arctic undiscovered natural gas is estimated to be located in the W Siberian Basin (Yamal Peninsula and offshore in the Kara Sea), the E Barents Basin and in Alaska (offshore and onshore) (AMSA 2009). Associated with future exploration and development, each of these regions would require vastly expanded Arctic marine operations, and several regions such as offshore Greenland would require fully developed Arctic marine transport systems to carry hydrocarbons to global markets. In this context, regions of high interest for economic development face cumulative environmental pressure from anthropogenic activities such as hydrocarbon exploitation locally, together with global changes associated with climatic and oceanographic trends. Conservation of Arctic Flora and Fauna, CAFF 2013 - Akureyri . Arctic Biodiversity Assessment. Status and Trends in Arctic biodiversity. - Marine ecosystems (Chapter 14 - page 501). Figure adapted from the USGS