Russia said on Aug. 4 it has resubmitted a claim to the United Nations for some 1.2 million square km of the Arctic shelf, a drive to secure more of the mineral-rich region where other countries have rival territorial interests.
The Russian economy is overwhelmingly reliant on natural resources and the Arctic's estimated huge oil and gas reserves are expected to become more accessible as climate change melts and ice and technology advances.
This prospect has attracted other nations, including Norway, the United States, Canada and Denmark while international energy companies are planning large drilling campaigns.
"The Russian bid covers underwater area of some 1.2 million square km extending for more than 350 nautical miles from the coast," the Russian Foreign Ministry said in a statement.
"A vast array of scientific data collected during many years of Arctic research serves to justify Russia's rights to this area."
The Arctic rush carries considerable climate risks, campaigners say. Greenpeace, which is calling for a protected sanctuary in the uninhabited area around the North Pole, said on Aug. 4 Russia's move was "ominous".
"The melting of the Arctic ice is uncovering a new and vulnerable sea, but countries like Russia and Norway want to turn it into the next Saudi Arabia," it said in a statement.
The United Nations' rejected Russia's original claim for the same territory more than a decade ago, asking for more research to back it.
Russian President Vladimir Putin has since made securing Russian claims to the Arctic a top priority and expanded Moscow's military presence there.
Russia says an underwater mountain range known as the Lomonosov Ridge, which stretches across the Arctic Sea, is part of its own Eurasian landmass. Hence, Moscow says, its Arctic shelf extends up to the North Pole.
Recommended Reading
Understanding the Impact of AI and Machine Learning on Operations
2024-12-24 - Advanced digital technologies are irrevocably changing the oil and gas industry.
E&P Seller Beware: The Buyer May be Armed with AI Intel
2025-02-18 - Go AI or leave money on the table, warned panelists in a NAPE program.
PrePad Tosses Spreadsheets for Drilling Completions Simulation Models
2025-02-18 - Startup PrePad’s discrete-event simulation model condenses the dozens of variables in a drilling operation to optimize the economics of drilling and completions. Big names such as Devon Energy, Chevron Technology Ventures and Coterra Energy have taken notice.
BYOP (Bring Your Own Power): The Great AI Race for Electrons
2025-01-06 - Data-center developers, scrambling to secure 24/7 power, are calling on U.S. producers to meet demand as natgas offers the quickest way to get more electrons into the taps.
Digital Twins ‘Fad’ Takes on New Life as Tool to Advance Long-Term Goals
2025-02-13 - As top E&P players such as BP, Chevron and Shell adopt the use of digital twins, the technology has gone from what engineers thought of as a ‘fad’ to a useful tool to solve business problems and hit long-term goals.