Circum-Arctic resource appraisal: Estimates of undiscovered oil and gas north of the Arctic Circle

Fact Sheet 2008-3049
By: , and 

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Abstract

The U.S. Geological Survey (USGS) has completed an assessment of undiscovered conventional oil and gas resources in all areas north of the Arctic Circle. Using a geology-based probabilistic methodology, the USGS estimated the occurrence of undiscovered oil and gas in 33 geologic provinces thought to be prospective for petroleum. The sum of the mean estimates for each province indicates that 90 billion barrels of oil, 1,669 trillion cubic feet of natural gas, and 44 billion barrels of natural gas liquids may remain to be found in the Arctic, of which approximately 84 percent is expected to occur in offshore areas.

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Publication type Report
Publication Subtype USGS Numbered Series
Title Circum-Arctic resource appraisal: Estimates of undiscovered oil and gas north of the Arctic Circle
Series title Fact Sheet
Series number 2008-3049
DOI 10.3133/fs20083049
Edition Version 1.0
Year Published 2008
Language English
Publisher U.S. Geological Survey
Contributing office(s) Central Energy Resources Science Center, Eastern Energy Resources Science Center, Energy Resources Program, Geology, Minerals, Energy, and Geophysics Science Center
Description 4 p.
Other Geospatial Arctic
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