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Arctic Oil and Gas Development: Sentor Murkowski Keynote

The oil and gas resources of the Arctic region represent one of the most promising, largely untapped hydrocarbon resources in the world. A 2008 U.S. Geological Survey study estimated the recoverable oil resources of the Arctic region at 90 billion barrels, about 13 percent of the world?s remaining oil resources and the gas resource at 1,670 trillion cubic feet, about 30 percent of the world?s remaining gas resource. These oil and gas resources are located throughout the Arctic region and each of the five Arctic nations has prospective areas.
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