West Siberian

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 WSB basin is the largest basin in the world covering an area of about 2.2mm sq. km. The Basin occupies a swampy plain between the Ural Mountains and the Yenisey River. On the north, the Basin extends offshore into the southern Kara Sea. On the west, north, and east, the WSB is surrounded by the Ural, Yenisey Ridge, and Turukhan-Igarka foldbelts formed during the Hercynian tectonic event and the Novaya Zemlya foldbelt that was deformed in early Cimmerian (Triassic) time. The Basin is a relatively undeformed Mesozoic sag that overlies the Hercynian accreted terrane and the Early Triassic rift system.

Summary

While a prolific basin, it remains relatively under explored. The key issues for the Basin will be the Russian geopolitical tensions.