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The Eurasia Basin petroleum province comprises the younger, eastern half of the Arctic Ocean, including the Cenozoic Eurasia Basin and the outboard part of the continental margin of northern Europe. For the USGS petroleum assessment (CARA), it was divided into four assessment units (AUs): the Lena Prodelta AU, consisting of the deep-marine part of the Lena Delta; the Nansen Basin Margin AU, comprising the passive margin sequence of the Eurasian plate; and the Amundsen Basin and Nansen Basin AUs which encompass the abyssal plains north and south of the Gakkel Ridge spreading centre, respectively. The primary petroleum system thought to be present is sourced in c. 50–44 Ma (Early to Middle Eocene) condensed pelagic deposits that could be widespread in the province. Mean estimates of undiscovered, technically recoverable petroleum resources include <1 billion barrels of oil (BBO) and about 1.4 trillion cubic feet (TCF) of nonassociated gas in Lena Prodelta AU, and <0.4 BBO and 3.4 TCF nonassociated gas in the Nansen Basin Margin AU. The Nansen Basin and Amundsen Basin AUs were not quantitatively assessed because they have less than 10% probability of containing at least one accumulation of 50 MMBOE (million barrels of oil equivalent).

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