Exploiting new energy reserves

Seite 1

Where are the major Arctic oil reserves? Who are the key players?

Reserves;

- Alaskan Beaufort

- Chukchi seas

- Prudhoe Bay

- Barrow

Key Players;

- Norway

- Denmark

- Russia

- Iceland

- Canada

- USA

Seite 2

What moves have there been to exploit these reserves?

Drilling offshore in Greenland

1968 ARCO and Standard Oil drilled a well in Prudhoe Bay

1997 - Hibernia fields largest offshore oil project

1977 - Trans Alaskan Pipeline

Imperial oil drilling in 1920s

Canada invested explorations

Seite 3

What problems are associated with these reserves?

Oil Spills

Damages ecosystems

Compromises fishing for indigenous tribes

Health impacts - increased cancer rates

Oil wars/conflicts - Ukraine, Poland, Moscow