... located near Hammerfest where hydrocarbons are separated and treated. Next, gas is liquefied and prepared for loading into tankers, while separated carbon dioxide gas is pumped back into wells [
15
].
According to Law On Subsurface Resources of February 21,... ... the East Siberian Sea [
18
].
Positive results of production 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 ...
Policy brief #8/2016
The decline in global oil prices that began in the summer of 2014 carries with it a number of risks in assembling a whole range of major oil and gas projects, including shale gas extraction projects, deep-water offshore projects and projects in the Arctic shelf.
In these conditions, despite the ongoing surplus of global oil production in relation to consumption, the question nevertheless arises: how can we maintain current production levels in the medium and long-term and ensure growth in order ...
Domestic Aspects of Developing U.S. Arctic Resources
With Alaska and adjacent seas increasingly attracting everybody's attention because of their vast resources,... ... lead.
Alaska is also America's second largest oil producer, at 20 percent of the total extracted volume. And more huge oil and gas-bearing formations have been discovered in northern areas. Prudhoe Bay is the largest traditional continental field, which ...
... Bakken Field. Aside from this Russian giant, there are many small shale fields that could be utilised for local needs, but as a great deal of reserves are located as deep as 4000 meters extraction will be difficult – albeit safer than in Europe or USA as the water-table many environmentalist fear for is much less likely to be polluted, as it is separated by many more layers. Hence, not only is Arctic offshore production will be challenged by foreign fossil fuels, but it will need to contend with onshore shale production both at home and abroad.
Shtokman Gas Field:
I have been especially interested in the progress of the giant Shtokman Gas Field over the last several years, as it closely linked to my M.A. thesis. Alas, the RIAC conference came a bit late for it, as there Andrey Krivorotov of Shtokman ...
