With licencing in the Norwegian and Russian sectors active, there is likely to be renewed impetus to explore.
While well defined, it is relatively under explored due to its location. There is significant resistance to oil & gas exploration due to environmental concerns.
May 27, 2021
Europe - North West
The Kola-Kanin Monocline has been recently recognized as a potentially prospective region for hydrocarbon discoveries. There may be good generating potential within Riphean grabens. Sedimentary sequences of the Riphean subplatform and Vendian terrigenous deposits could contain hydrocarbons. The top of the Riphean section is now a monoclinal surface dipping NE towards the South Barents Basin.
Source: ESRI, BGS, USGS & OGA data
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