Pew Report: Standards For Arctic E&P a Must Before Drilling Begins

摘要

Drilling above the Arctic Circle has been a tantalizing dream for the majors and supermajors — which because of the large amount of capital needed to go there — will be the main players in this arena. As in any E&P play, there are risks and rewards and in this case, both go beyond large to the incredible. The rewards — according to some estimates, as much as 13% of the world's undiscovered oil and 30% of the planet's undiscovered natural gas lies in the region. Also, large deposits of nickel and iron ore are there.