Getting ready for Arctic oil

A few weeks ago President Putin announced the first shipment of Arctic oil extracted from the Prirazlomnaya platform. What are the potential benefits and risks of the much debated Arctic oil? Are we ready to handle the impacts of Arctic energy? Enthusiasm and scepticism Some weeks ago, President Putin announced the first shipment of Arctic oil from the Prirazlomnaya platform. The Prirazlomnaya platform works offshore in the Pechora Sea. Gazprom Neft started production in late December 2013. The stationary installation can drill oil from estimated reserves of 72 million tons. The production target for 2014 is 300,000 tons, with a peak in annual production of six million tons expected ...