Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Russia Says Arctic Surveys May Add to its Continental Shelf

Feb. 1 (Bloomberg) -- Geographic surveys conducted in 2011 in the Russian Arctic could add as much as 1.2 million square kilometers (463,000 square miles) to Russia’s continental shelf, according to the Natural Resources Ministry.

The research could “facilitate Russia’s right to develop rich hydrocarbon reserves” in the Arctic Ocean, the ministry said today in an e-mailed statement, citing a report by Anatoly Ledovskikh, the head of the subsoil resources agency known as Rosnedra.

Oil and gas exploration across Russia in 2011 is expected to add 700 million metric tons of crude and gas condensate and 1.1 trillion cubic meters of natural gas to the country’s reserves, according to the statement. Russia produced 511 million tons of crude and condensate and 638 billion cubic meters of gas in 2011, the ministry said.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.