Tunguska

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 Tunguska Basin Province includes an area of approximately 904,000sq km. The Basin includes a large part of the Siberian craton and consists of several subbasins. The province is almost completely covered by Permian to Triassic volcanic rocks. Although some oil and gas fields have been discovered and produced in the province south of the Arctic Circle, no discoveries have been made north of the Arctic Circle. Because of a low geologic probability for the occurrence of significant oil and gas accumulations (>50mm boe), the Tunguska Basin Province north of the Arctic Circle was not considered prospective.

Summary

The Basin has been underexplored, but the combination of its remoteness and the greater prospectivity of more accessible basins regionally means that this is unlikely to be highly ranked.