The U.S. Geological Survey (USGS) recently assessed the undiscovered oil and gas potential of the West Siberian Basin Province in Russia as part of the USGS Circum-Arctic Resource Appraisal program. This province is the largest petroleum basin in the world and has an areal extent of about 2.2 million square kilometers. It is a large rift-sag feature bounded to the west by the Ural fold belt, to the north by the Novaya Zemlya fold belt and North Siberian Sill, to the south by the Turgay Depression and Altay-Sayan fold belt, and to the east by the Yenisey Ridge, Turukhan-Igarka uplift, Yenisey-Khatanga Basin, and Taimyr High. The West Siberian Basin Province has a total discovered oil and gas volume of more than 360 billion barrels of oil equivalent (Ulmishek, 2000). Exploration has led to the discovery of tens of giant oil and gas fields, including the Urengoy gas field with more than 3500 trillion cubic feet of gas reserves and Samotlar oil field with reserves of nearly 28 billion barrels of oil (Ulmishek, 2003). This report summarizes the results of a reassessment of the undiscovered oil and gas potential of that part of the province north of the Arctic Circle; a previous assessment that included the entire province was completed in 2000 (Ulmishek, 2000). The total petroleum system (TPS) and assessment units (AU) defined by the USGS for the assessments in 2000 were adopted for this assessment. However, only those parts of the Aus lying wholly or partially north of the Arctic Circle were assessed for this study.