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EIA – Arctic oil and natural gas resources

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Arctic oil and natural gas resources – Resource basins in the Arctic Circle region

  • “The Arctic holds an estimated 13% (90 billion barrels) of the world’s undiscovered conventional oil resources and 30% of its undiscovered conventional natural gas resources, according to an assessment conducted by the U.S. Geological Survey (USGS). Consideration of these resources as commercially viable is relatively recent despite the size of the Arctic’s resources due to the difficulty and cost in developing Arctic oil and natural gas deposits.”
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