The Siberian craton consists of crystalline rocks and superimposed Precambrian sedimentary rocks deposited in rift basins. Palaeozoic rocks, mainly carbonates, were deposited along the margins of the craton to form an outwardly younger concentric pattern that underlies an outward-thickening Mesozoic sedimentary section. The north and east margins of the Siberian craton subsequently became foreland basins created by compressional deformation during collision with other tectonic plates. The Tunguska Basin developed as a Palaeozoic rift/sag basin over Proterozoic rifts.

The geological provinces along the north and east margins of the Siberian craton are immature with respect to exploration, so exploration-history analysis alone cannot be used for assessing undiscovered petroleum resources. Therefore, other areas from around the world having greater petroleum exploration maturity and similar geological characteristics, and which have been previously assessed, were used as analogues to aid in this assessment. The analogues included those of foreland basins and rift/sag basins that were later subjected to compression. The US Geological Survey estimated the mean undiscovered, technically recoverable conventional petroleum resources to be c. 28 billion barrels of oil equivalent, including c. 8 billion barrels of crude oil, 103 trillion cubic feet of natural gas, and 3 billion barrels of natural gas liquids.