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New areas could expand Arctic's oily component

02/14/2011
The Arctic, thought to be natural gas-dominant on the basis of limited exploration, could become more oily as more of the region is more fully explored, delegates at the Arctic Technology Conference were told Feb. 7 in Houston. The oil and gas industry must overcome negative stereotypes and expectations in order to gain access to vast Arctic resources, another speaker said. Prudhoe Bay field and its satellites on Alaska's North Slope are the major exceptions to the gas-prone nature of the explored parts of the Arctic, said Marc Blaizot, Total SA senior vice-president, exploration. But virgin Arctic basins cover an area five times the size of Texas, he noted. More liquids could be...
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