The Arctic Frontier

Journal of Petroleum Technology 

One of the oil and gas industry's most talked about emerging frontiers--but perhaps least understood in terms of familiar metrics--is the Arctic region. The Arctic refers to a portion of the globe above 66.5o N latitude that is roughly the size of Africa. Encompassing about 6% of the Earth's surface, the Arctic consists of about one-third land, one-third continental shelf, and one-third waters deeper than 500 m (Budzick. The Arctic contains portions of eight countries: Canada, Denmark (Greenland), Finland, Iceland, Norway, Russia, Sweden, and the United States.

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