Arctic resources race The Arctic consists of multiple sub-regions: Russian Arctic, Canadian Arctic, Greenland (Kalaallit Nunaat), Northern Alaska (USA), Svalbard(Norway), Iceland, Fennoscandia. In addition to these sub-regions, the Arctic Ocean and its multiple seas—Greenland Sea, Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea, Chuckchi Sea, Beaufort Sea,etc.-- make the arctic a vast region with a variety of natural resources. The U.S. Geological Survey estimates that undiscovered oil and gas reserves in the Arctic amount to 22% of the world's total, about 412 billion barrels of oil. A Brookings Institution summary reported: The first offshore oil platform in the Arctic was Prirazlomnaya in
Southern Ocean the 2002 draft edition it is. The new delineation of seas being subdivisions of oceans has avoided the need to interrupt the northern boundary of the Southern Ocean where intersected by Drake Passage which includes all of the waters from South America to the Antarctic coast, nor interrupt it for the Scotia Sea, which also extends below the 60th parallel south. The new delineation of seas has also meant that the long-time named seas around Antarctica, excluded from the 1953 edition (the 1953 map did not even extend that far south), are 'automatically' part of the Southern Ocean. Exploration of