Timan-Pechora

Commentary

Russia has become a pariah state following its invasion of the Ukraine, meaning that there is little faith that the rule of law will be upheld. While there will be excellent returns from investing once this is remedied, there is little to be gained when comparison is made with other jurisdictions.

Updated

June 18, 2024

Location

Description

The Timan-Pechora Basin Province overlies the Arctic Circle. To the east, outside the province boundary, is a sinuous fold belt including the Ural Mountains, the Pay-Khoy Ridge, Vaygach Island and the Novaya Zemlya archipelago. To the west is the NW-SE trending Timan-Kanin Ridge, which intersects the Ural Mountains at the southern end of the province. The northern offshore province boundary is the South Barents transitional fault zone, separating the excluded South Barents basin of the Barents Sea from the included Pechora block within the Pechora Sea.

Summary

While modestly explored, with sufficient evidence suggesting that the onshore geologic features are known to extend offshore, the Basin remains under explored, with new fields being discovered at regular intervals.