Academician of the oil reserves in the Arctic are comparable with the reserves of Western Siberia


Geologists estimate the reserves in conventional fuel is of the order of 100 billion tons of conditional fuel – oil and gas, but the ratio between oil and gas is a topic of discussion, said the scientific Director of the Institute of petroleum Geology and Geophysics SB RAS academician Alexey Kontorovich.

NOVOSIBIRSK, 12 Oct. The oil and gas reserves in Arctic comparable to the reserves of Western Siberia and are preliminary estimates about 100 billion tons of conditional fuel, told reporters on Monday the head of the research Institute of petroleum Geology and Geophysics SB RAS academician Alexey Kontorovich.

“Arctic oil and gas in the Arctic — this is the second Western Siberia. Geologists estimate the reserves in conventional fuel is of the order of 100 billion tons of conditional fuel — oil and gas, but the ratio between oil and gas is a topic of discussion,” — said the scientist.

According to the academician, currently it is believed that about 80% is gas. “I think that we should not jump to conclusions, and that ratio may shift in the direction of oil,” he said.

Kontorovich noted that at present the Institute conducts active work on the vast territory from the Arctic Pechora and Barents seas to the mouth of the Lena. The areas where estimates today will be home to major oil reserves.

Scientist noted that, also great work in the field of exploration carried out two major oil companies of Russia — “Rosneft” and “Gazprom”, but according to him, their leaders often do not share information with scientists. “All of this information remains in these two companies and academic institutes and universities to it have no access. Is it right? I have my doubts”, he said.