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The process of hydrocarbon production in Russia is characterized by the deterioration in the quality of natural resources and the growing share of hard-to-recover oil and gas formations in the overall balance of hydrocarbon resources. Region is one of the most promising areas for the development of the mineral resource base where significant volumes of hydrocarbons are located. Nowadays, the Arctic region includes not only the Arctic itself but also the land territories, which were included in the Arctic Zone by the Presidential Decree in May 2014.

ACTUAL PROBLEMS OF EFFECTIVE AND SAFE DEVELOPMENT OF THE ARCTIC OIL AND GAS FIELDS USING THE CASE OF THE YAMAL PENINSULA