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A number of large and unique oil and gas fields were discovered over the western Arctic shelf of <st1:place w:st="on">Eurasia</st1:place>. Some of them were partially appraised. Also, there are three potentially hydrocarbon-rich but insufficiently studied areas in the region. The discovery of commercial accumulations there would substantially increase the petroleum potential of the entire region. These areas are northern Murmansk Oblast, on the <st1:placename w:st="on">Rybachy</st1:placename> <st1:placetype w:st="on">Peninsula</st1:placetype>, the <st1:place w:st="on"><st1:placename w:st="on">Franz-Joseph</st1:placename> <st1:placetype w:st="on">Land</st1:placetype></st1:place> area, and the North Kara Shelf. It is suggested that oil and gas field discoveries in the former two areas are most expedient under current conditions. The oil and gas potential of the northwestern Kola Peninsula is reviewed in more detail. </p

Oil and Gas Potential of Eurasian Western Arctic Shelf/Exploration in the Nearshore Area of Northeastern Baltic Shield