Pusenkova Nina
Arctic Offshore Oil in Russia: Optimism, Pessimism, Realism
Publication Type:

ISSN 2542-0240

DOI 10.23932/2542-0240-2019-12-5-86-108

A strong global interest in the hydrocarbon resources of the Arctic emerged in the mid-2000s, after the US Geological Survey published data on its petroleum potential. While oil prices were rising, an “Arctic optimism” prevailed everywhere, and it was anticipated that a broad-scale oil production in the Arctic would soon begin. At that time, a political aspect dominated in the Russian plans to develop Arctic offshore. Russia intended to prove that it was an energy power capable of establishing a new petroleum province in the Polar seas to replace the aging West Siberia. But later the global energy sector underwent radical changes, and optimism was gradually replaced by realism. The decline of oil prices and introduction of anti-Russian sanctions contributed to the downgrading of the Arctic plans in Russia. Besides, the monopoly of Gazprom and Rosneft over the Arctic shelf hinders the development of its hydrocarbon resources because the state companies do not have sufficient competencies to operate offshore fields on their own. After 2014, Russian oil companies began to revise downwards their plans of oil production in the Arctic seas. Given the sanctions and low oil prices, now relevant ministries also more realistically perceive the prospects of the northern continental shelf development, and their new attitude is clearly visible in their public statements. Thus, they indirectly admit that Russia is not ready yet for environmentally sustainable activities in the Arctic offshore. Actually, many experts and oil companies previously demonstrated a cautious approach to the possibility of the broad-scale oil production in the Polar seas reminding that the potential of the mature Russian oil provinces onshore is still significant. Now, the government makes a strong focus on the onshore alternatives to the Arctic shelf of Russia: the development of hard-torecover reserves, enhanced oil recovery, and support of small and mid-size companies, i.e. the priorities seemingly shift from the extensive to the intensive mode of the sector development. However, pessimistically one can recall that such plans were often made in the past and they remained on paper. Ultimately, broad-scale oil production on the Arctic continental shelf will not begin before 2035. Russian oil and shipping sectors benefit from such time-out, because they receive a chance to train qualified per sonnel capable of operating on the Arctic shelf with strict adherence to the environmental sustainability principles.

Keywords: Arctic Offshore Oil in Russia: Optimism | Pessimism | Realism |

Russian Science Citation Index


Pusenkova Nina
Добыть и не разлить: политика российских нефтяных компаний по предотвращению техногенных аварий в Арктике // Экологический вестник России. 2020. № 5. С. 18-25.

Ivanov Stanislav
Проблемы освоения Арктики и национальная безопасность [Текст] / С.М. Иванов // Право и безопасность. – 2013. – № 1-2 (44). – С. 95 – 99.

Pusenkova Nina
Готовы ли российские нефтяные компании к новым реалиям мировой энергетики? [Текст] / Н.Н. Пусенкова, И. Оверланд // Экологический вестник России. – 2019. – № 11. – С. 12-22.

Pusenkova Nina
Российская энергетическая политика на востоке: китайские головоломки Роснефти // Russie.Nei.Visions, Париж: ИФРИ, апрель 2013, № 70.

Pusenkova Nina
Рейтинг готовности к переменам. Способны ли российские нефтяные компании адаптироваться к новым реалиям мировых энергетических рынков [Текст] / Н. Пусенкова, И. Оверланд // Нефть и капитал. – 2019. – № 6 (258). – С. 12-18.

Stimulating the development of hard recoverable hydrocarbon resources in Russia through tax treatment

Baikov N., Baykova E.N.
Prospects for the development of shale oil fields (Part 2) / Baykov N.M., Baykova E.N.

Сейфульмулюков И.А.
Tight oil revolution in the U.S. and its implications for the global oil market. Moscow, IMEMO RAN, 2014, 130 p.

Baikov N.
Нефтяные компании США и энергетическая политика страны / Н.М. Байков // Нефтяное хозяйство = Neftyanoe Khozyaistvo - Oil Industry. – 2009. – № 3. – С. 105–107.

Pusenkova Nina
Нефтегазовое освоение Арктики: чтобы в НАО было как в ОАЭ [Текст] / Н.Н. Пусенкова // Экологический вестник России. – 2014. – № 11. – С. 25 – 31.

Pusenkova Nina
Хождение за три моря: интернационализация национальных нефтяных компаний [Текст] / Н. Н. Пусенкова // Нефть и капитал. – 2018. – № 5. – С. 36-43.

Baranov Vladislav
Внешние границы континентального шельфа РФ [Текст] / В.Д. Баранов // Газовая промышленность. – 2014. – № 1. – С. 49 – 51.

Romashkina Natalia, Melnikov D.
Политика России в Арктике: актуальные правовые, экономические и военные проблемы [Текст] / Н.П. Ромашкина, Д.Н. Мельников // Стратегическая стабильность.. – 2017. – № 4. – С. 66-76.

Baikov N.
Опыт разработки месторождений нефтяных сланцев в США / Н.М. Байков // Нефтяное хозяйство = Neftyanoe Khozyaistvo - Oil Industry. – 2012. – № 6. – С. 99–101.

Sinitsyn Mikhail
China as the Global Leader of Road Vehicle Electrification: Oil Market Risks

Pusenkova Nina
Национальные нефтяные компании в новых реалиях мировой энергетики / ИМЭМО РАН. – Москва: Идея-Пресс, 2022. – 400 с. – ISBN 978-5-903927-35-7.

Zolina Svetlana, Zhukov Stanislav
Финансовый рынок – драйвер роста нефтедобычи в США [Текст] / С.А. Золина, С.В. Жуков // ЭКО. – 2017. – № 10. – С. 85-96.

Grigoriev Mikhail
Минерально-сырьевые центры: оценка ресурсной и транспортной обеспеченности // Нефтяное хозяйство. 2021. № 2. С. 6-11. DOI 10.24887/0028-2448-2021-2-6-11.

Газовая отрасль Республики Бразилия: каковы перспективы развития? [Текст] / М. В. Крамской // Инновации и инвестиции. – 2018. – № 10. – С. 126-133.

Subbotin Mikhail
Энергетический калейдоскоп 2022 года // Европейская безопасность: события, оценки, прогнозы. 2023. № 68 (84). С. 4-14.
Related publications

Comments (0)

No comments

Add comment

First news
Institute News

A meeting of the Academic council of IMEMO was hold at the Academician N.N. Inozemtsev conference hall.



The next issue of the MEMO Journal (No. 7 for 2024) opens with the topical rubric "Security Problems in the Modern World", which features articles by A. Arbatov "The Bearing Structure of Global Security" and A. Krivopalov "The Southern Flank of U.S. Deployment in Eastern Europe".


Recently Published