Arctic Map Shows Potential Hotspots for Dispute

By Mike Schuler On August 7, 2008

UK’s International Boundary Research Unit from the University of Durham has released a detailed map showing maritime jurisdiction and boundaries for the Arctic Region’s surrounding nations. The map details all known claims and agreed boundaries, plus potential hotspots that could spark disputes over oil and gas deposits in the future.

This all comes following the uproar caused one year ago when a Russian sub planted its national flag on the seabed of the North Pole.

The arctic region is estimated to hold nearly 1/5th of the world’s undiscovered oil and gas reserves and with warmer climates and the melting of polar ice, scientists are able to further explore the region. This region is now considered a potential area for development, not a hypothetical one, for the oil and gas industry.

Check out Durham’s University website and download the PDF HERE.

Also check out this article from BBC News HERE

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About The Author

Mike Schuler

After graduating the Catholic University of America in 2005 with a B.S.B.A. in Finance, Mike went on to Tahoe to help with the launch of gCaptain's sister site, UnofficialNetworks.com. In June of 2008 Mike joined gCaptain.com as the first full-time employee in charge of the day-to-day operations of gCaptain.com and Unofficial Networks, LLC.