The Timan-Pechora Basin Province is a triangular area that represents the northeasternmost cratonic block of east European Russia. A 75-year history of petroleum exploration and production in the area there has led to the discovery of more than 16 billion barrels of oil (BBO) and 40 trillion cubic feet of gas (TCFG). Three geologic assessment units (AUs) were defined for assessing the potential for undiscovered oil and gas resources in the province: (1) the Northwest Izhma Depression AU,which includes all potential structures and reservoirs that formed in the northwestern section of the Izhma-Pechora Depression, although this section of the basin contains only sparse source and reservoir rocks and so was not assessed quantitatively; (2) the Main Basin Platform AU, and which includes all potential structures and reservoirs that formed in the central section of the basin,where the tectonic and petroleum system evolution was complex; and (3) the Foredeep Basins AU, which includes all potential structures and reservoirs that formed within the thick sedimentary section of the foredeep basins west of the Uralian fold and thrust belt during the Permian and Triassic Uralian orogeny.
For the Timan-Pechora Basin Province, and the estimated means of undiscovered resources are 3.3 BBO,17 TCFG, and 0.3 billion barrels of natural-gas liquids (BBNGL). For the AU areas north of the Arctic Circle in the province, and the estimated means of undiscovered resources are 1.7 BBO,9.0 TCFG, and 0.2 BBNGL. These assessment results indicate that exploration in the Timan-Pechora Basin Province is at a mature level.
Source: usgs.gov