Geology and hydrocarbon resources of the continental shelf in Russian Arctic seas and the prospects of their development

The overall jump in global demand for gas, and especially oil, gives rise to particular concern regarding mankind’s energy future. In the middle and late 21st century, the crucial role in securing oil and gas supply of mankind will be played by sedimentary basins in the Arctic Ocean deep-water area, including those of the continental shelf in Russia’s Arctic seas. There is a 0.90 probability that the initial in-place resources of hydrocarbons in the Arctic Ocean will be greater than 90 Btoe. The estimates predict the rise of oil and gas industries on the Arctic shelves in the near future.