New Siberian Islands Islands (228 km²) lie to the north-east of Novaya Sibir. The New Siberian Islands are low-lying. Their highest point is located on Bennett island, with an elevation of 426 m. The New Siberian Islands once formed major hills within the Great Arctic Plain that covered the northern part of Late Pleistocene "Beringia" between Siberia and Alaska during the Last Glacial Maximum (Late Weichselian Epoch). These islands represent the remains of about 1.6 million square kilometers of the formerly subaerial Great Arctic Plain that now lies submerged below parts of the Arctic Ocean, East Siberian Sea, and Laptev Sea. At this
East-Prinovozemelsky field immediately fatal for the venture, as under the terms of the agreement ExxonMobil has until 2023 to begin operations in the field. The South Kara Sea hydrocarbons basin lies on the same geological trend with the Western Siberian hydrocarbon province. The East-Prinovozemelsky area covers . According to Rosneft, the estimated oil in place is and the estimated natural gas in place is . Of this of oil and of gas lies in EPNZ-1 block, of oil and of gas in EPNZ-2, and of oil and of gas in EPNZ-3. East-Prinovozemelsky field The East-Prinovozemelsky field (also referred as Vostochno-Prinovozemelskoye structure –