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Western Siberia’s arctic area given 3.66 billion bbl, 651 tcf undiscovered

09/01/2008
There are an estimated 3.66 billion bbl of undiscovered oil and 651 tcf of natural gas north of the Arctic Circle in Russia’s West Siberian Basin Province, the US Geological Survey said in a recent report.The entire Western Siberian Basin Province is the world’s largest petroleum basin with an areal extent of nearly 2.2 million sq km and a total discovered volume of more than 360 billion boe, the US Department of the Interior agency said in the report it prepared as part of its Circum-Arctic Resource Appraisal program. Click here to enlarge imageExploration has led to the discovery of several giant oil and gas fields, including Urengoi gas field, with more than 3,500 tcf of e...
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