To meet the world's ever growing energy demand, the E&P industry is developing new technologies to find and drill for hydrocarbons in more challenging environments such as deep water or deep targets, and to enter areas of the world that had previously been closed to exploration activities, such as the Arctic. While the Arctic was looked at geologically several times in the last century, the technological challenges that it presents restricted activities to the periphery of this vast collection of basins. Despite the significant resource estimates shown in Figure 1, the extreme environmental conditions combined with the vast remoteness of this region have limited exploration and development efforts to date.

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