Kola Monocline-Finnmark Platform

Outline

Key Indicators

Rating

BB+

Ranking

31

Outlook

Positive

Commentary

With licencing in the Norwegian and Russian sectors active, there is likely to be renewed impetus to explore.

Updated

May 27, 2021

Outline

Region

Europe - North West

Position

Offshore

Hydrocarbon

-

Location

Kola Monocline-Finnmark Platform

Description

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.

Summary

While well defined, it is relatively under explored due to its location. There is significant resistance to oil & gas exploration due to environmental concerns.

Source: ESRI, BGS, USGS & OGA data

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