Investing in the Arctic

Big resource, big opportunity, big challenge in Far North outrank many hot spots

By Ray Tyson

For Petroleum News

The Arctic is said to outrank many of the globe’s current exploration hot spots, including Brazil and West Africa. But don’t expect companies to flock to the Far North anytime soon, especially at a time when the world economy is in the tank and oil and gas prices are well below their record highs....

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Expensive, complicated resource

Arctic a leading target

Companies now more cautious

Distance to transport an issue