Petroleum exploration opportunities on the U.S.-Russia Chukchi Sea continental shelf
Conference
·
OSTI ID:237967
- Minerals Management Service, Anchorage, AK (United States)
- Dalmorneftegeophysika Trust, Yuzhno-Sakhalinsk (Russian Federation)
- North-East Interdisciplinary Scientific Research Inst., Magadan (Russian Federation)
The Russian Federation and US Minerals Management Service are exchanging information regarding offshore oil and gas exploration and development opportunities on the Chukchi Sea Outer Continental Shelf (OCS) between Wrangel Island and northwestern Alaska north of Bering Strait. Lease terms and mineral extraction laws of the two countries differ. Cooperation creates the opportunity for shared exploration and development infrastructure, possibly enhancing prospects for economic success in both areas. Russian and US agencies will benefit from data sharing and cooperative studies of the biological and sociological environment, resulting in a more comprehensive environmental risk assessment. Russian regulatory agencies will benefit from the historical experience of safe and environmentally sound operations in the Alaska OCS. The Chukchi Sea area includes several geologic basins and structural zones that extend across the US-Russian Provisional Maritime Boundary along 169 {degree} West Longitude. An extensive seismic data network and 5 exploratory wells on the US Chukchi OCS indicate great promise for large, undiscovered oil accumulations in that area. With only sparse seismic data and no test wells, only the broadest geological features of the Russian Chukchi OCS are known at present, but appear to include some of the geological elements recognized as favorable to formation of oil and gas accumulations in the US Chukchi OCS.
- OSTI ID:
- 237967
- Report Number(s):
- CONF-950604--; ISBN 1-880653-18-4
- Country of Publication:
- United States
- Language:
- English
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