BP claims that there may be 200 billion barrels of oil and oil equivalents under the region above the Arctic Circle. Norway is exploring the area of its northern coast in the belief that a large portion of these fields belong to it.
The BP estimate could be confirmed within the next year or so, but the British company’s number has been disputed by the US government which puts the total size of the field under the top of the world at 90 billion barrels.
The BP estimate could be confirmed within the next year or so, but the British company’s number has been disputed by the US government which puts the total size of the field under the top of the world at 90 billion barrels.
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