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Why Is There So Much Oil in the Arctic?

Arctic Oil Illustration
An illustration of an oil platform in the Arctic Ocean.
(Image credit: Shutterstock)

In 2007, two Russian submarines plunged down 2.5 miles (4 kilometers) into the Arctic Ocean and planted a national flag onto a piece of continental shelf known as the Lomonosov Ridge. Rising from the center of the Arctic Basin, the flag sent a clear message to the surrounding nations: Russia had just laid claim to the vast oil and gas reserves contained in this underwater turf.

Russia's dramatic show of power had no legal weight — but it isn't the only nation that's trying to stake claims to the Arctic's vast depository of oil and gas. The United States, Norway, Sweden, Finland and China are all trying to cash in. It's no wonder: Projections show that the area of land and sea that falls within the Arctic Circle is home to an estimated 90 billion barrels of oil, an incredible 13% of Earth's reserves. It's also estimated to contain almost a quarter of untapped global gas resources.

Emma Bryce
Live Science Contributor

Emma Bryce is a London-based freelance journalist who writes primarily about the environment, conservation and climate change. She has written for The Guardian, Wired Magazine, TED Ed, Anthropocene, China Dialogue, and Yale e360 among others, and has masters degree in science, health, and environmental reporting from New York University. Emma has been awarded reporting grants from the European Journalism Centre, and in 2016 received an International Reporting Project fellowship to attend the COP22 climate conference in Morocco.