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The US Geological Survey (USGS) recently assessed the potential for undiscovered oil and gas resources of the East Barents Basins and Novaya Zemlya Basins and Admiralty Arch Provinces as part of the USGS Circum-Arctic Resource Appraisal. These two provinces are located NE of Scandinavia and the northwestern Russian Federation, on the Barents Sea Shelf between Novaya Zemlya to the east and the Barents Platform to the west. Three assessment units (AUs) were defined in the East Barents Basins for this study – Kolguyev Terrace Assessment Unit (AU), South Barents Basin and Ludlov Saddle AU, and North Barents Basin AU....

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