Arctic exploration creates new alliances

The bleak and barren landscape of Europe’s Arctic north belies the glittering glory of the oil and gas riches hidden in its underbelly.

The 1,400 square metre large Shtokman field is set to become the world’s largest offshore gas field with 3.2 trillion cubic metres of gas contained in reservoirs two kilometres below the seabed, which is itself at 350 metres depths.