Russia Resubmits Petition to UN for Control Over Big Chunk of Arctic Shelf

Despite problems and resistance, the oil and gas industry remains committed to operations in the Arctic. Shell and Russia voiced their intention not to lose the battle. 

On Saturday, Russia re-submitted its petition to the United Nations claiming exclusive control over 1.2 million km2 of the Arctic sea shelf. On Tuesday, Shell applied to the US Bureau of Safety and Environmental Enforcement (BSEE) to amend its federal exploratory drilling permit.

The Anglo-Dutch Company received its safety vessel repaired and it is getting ready for drilling in in the Arctic Ocean off Alaska. 

Also on Monday, Lukoil has been awarded the right to develop the Vostochno-Taimyrsky block, which is located in the Taimyr Dolgano-Nenets district of the Krasnoyarsk region. 

‘The area of the Vostochno-Taimyrsky block is 13,800 square kilometers. The concession period is 27 years.The new concession opens up new opportunities for PJSC Lukoil in Eastern Siberia’ reads a note released by the Russian company.

A few hours before, Lukoil said it passed a 5 million tonnes (38.6 million barrels) mark in oil production at the Yuri Korchagin field in the Caspian Sea.