{"id":68330,"date":"2024-05-23T13:16:36","date_gmt":"2024-05-23T18:16:36","guid":{"rendered":"https:\/\/olduvai.ca\/?p=68330"},"modified":"2024-05-23T13:16:36","modified_gmt":"2024-05-23T18:16:36","slug":"russia-discovers-massive-oil-and-gas-reserves-in-british-antarctic-territory","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=68330","title":{"rendered":"Russia Discovers Massive Oil and Gas Reserves in British Antarctic Territory"},"content":{"rendered":"<h3><a href=\"https:\/\/oilprice.com\/Energy\/Crude-Oil\/Russia-Discovers-Massive-Oil-and-Gas-Reserves-in-British-Antarctic-Territory.html\">Russia Discovers Massive Oil and Gas Reserves in British Antarctic Territory<\/a><\/h3>\n<div class=\"top_flag_holder\"><\/div>\n<div id=\"key_points\" class=\"wysiwyg clear\">\n<ul>\n<li>Russia&#8217;s Rosgeo uncovered oil and gas reserves in British Antarctic territory, estimated at around 511 billion barrels.<\/li>\n<li>The discovery poses environmental risks and challenges the 1959 Antarctic Treaty, which prohibits oil developments in the region.<\/li>\n<li>Geopolitical tensions rise as Russia&#8217;s activities in Antarctica are viewed as a move towards resource extraction rather than scientific research, sparking concerns among international observers.<\/li>\n<\/ul>\n<\/div>\n<div class=\"articleImageContainer\"><picture class=\"singleArticle__articleImage\"><source srcset=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/420x175\/2024-05-13_r5pvox1hxm.jpg\" media=\"(max-width: 480px)\" \/><source srcset=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/718x300\/2024-05-13_r5pvox1hxm.jpg\" media=\"(min-width: 480px)\" \/><img class=\"singleArticle__articleImage\" title=\"Antarctica\" alt=\"Antarctica\" data-src=\"https:\/\/d32r1sh890xpii.cloudfront.net\/article\/718x300\/2024-05-13_r5pvox1hxm.jpg\" \/><\/picture><\/div>\n<div id=\"article-content\" class=\"wysiwyg clear\">\n<p>Russia has found huge oil and gas reserves in British Antarctic territory, potentially\u00a0<a href=\"https:\/\/www.cityam.com\/chinas-imports-of-russian-oil-near-record-high-in-march\/\" target=\"_blank\" rel=\"noopener\">leading to drilling in the protected region.<\/a><\/p>\n<p>The reserves uncovered contain around 511bn barrels worth of oil,\u00a0<a href=\"https:\/\/www.cityam.com\/rosebank-all-systems-go-for-new-north-sea-oil-field-after-joint-thumbs-up\/\" target=\"_blank\" rel=\"noopener\">equating to around 10 times the North Sea\u2019s output over the last 50 years.<\/a><\/p>\n<p>The discovery, per Russian research ships, was revealed in evidence submitted to the Commons Environment Audit Committee last week. The committee was assessing questions regarding oil and gas research on ships owned by the Kremlin\u2019s Rosgeo, the largest geological exploration company in Russia.<\/p>\n<p>Antarctica is currently protected by the 1959 Antarctic Treaty, which prohibits all oil developments in the area.<\/p>\n<p>It was set up to ensure the region was used \u201cexclusively for peaceful purposes\u201d and would \u201cnot become the scene or object of international discord.\u201d<\/p>\n<p>The committee heard from minister David Rutley, who assured MPs Russia was conducting scientific research in the region. \u201cRussia has recently reaffirmed its commitment to the key elements of the treaty,\u201d he said.<\/p>\n<p>But Klaus Dodds, a professor of geopolitics at Royal Holloway University, argued the Antarctic policy environment was \u201carguably at its most challenging since the late 1980s and early 1990s.\u201d<\/p>\n<p>Russia\u2019s invasion of Ukraine has created \u201cwidespread concern that a worsening relationship with the country will spark strategic competition and make it even more explicit in Antarctica.\u201d<\/p>\n<p>He believes Russian activity in the region equated to hunting for oil and gas as opposed to scientific research.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Russia Discovers Massive Oil and Gas Reserves in British Antarctic Territory Russia&#8217;s Rosgeo uncovered oil and gas reserves in British Antarctic territory, estimated at around 511 billion barrels. The discovery poses environmental risks and challenges the 1959 Antarctic Treaty, which prohibits oil developments in the region. Geopolitical tensions rise as Russia&#8217;s activities in Antarctica are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[34632,349,588,5332,694,820,2080],"class_list":["post-68330","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-anarctica","tag-gas","tag-oil","tag-oilprice-com","tag-russia","tag-uk","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68330"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68330\/revisions"}],"predecessor-version":[{"id":68331,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/68330\/revisions\/68331"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}