Schlumberger

Petroleum Potential of the Arctic: Challenges and Solutions

Petroleum Potential of the Arctic: Challenges and Solutions
Publication: Oilfield Review
Volume: 22
Issue: 4
Publication Date: 12/01/2010

Although constituting only about 6% of the Earth’s surface, the Arctic potentially contains a significant portion of the world’s undiscovered petroleum resources and, thus, is attracting the growing attention of oil and gas companies. However, this region poses numerous challenges, including a harsh climate, short operational season, complex surface and shallow-subsurface conditions and increasing environmental restrictions. Operators and service companies are improving existing technologies and developing new ones to address the unique challenges of this remote region.