New Market Study: "Depleting Reserves in Major Oil and Gas Producing Fields Prompting Russia to Expedite Exploration Activities in its Arctic Region in Alliance with Foreign Firms"
Depleting hydrocarbon reserves in major oil and gas producing fields in Russia has prompted the Russian government to expedite its exploration activity in the Arctic region. Russia's Arctic region is expected to have hydrocarbon reserves that will suffice for around 100 to 150 years for the country. However, explorations in the Arctic require huge investments due to its harsh climatic conditions and the challenges posed by compliance with environmental protection measures, which require advanced technologies. This scenario has prompted Russia...
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