Eurasian Basin Eurasian Basin The Eurasia Basin, or Eurasian Basin, is one of the two major basins into which the Arctic Basin of the Arctic Ocean is split by the Lomonosov Ridge (other being the Amerasia Basin). The Eurasia Basin may be seen as an extension of the North Atlantic Basin through Fram Strait. It is further split by the mid-ocean Gakkel Ridge into the Nansen Basin and the Amundsen Basin. The latter basin is the deepest one of the Arctic Ocean and the geographic North Pole is located there. The Eurasia Basin is bounded by Greenland, the Lomonosov Ridge, and the
Bonaparte Basin over thick under the ocean. The basin originated from the Cambrian period to the Cenozoic era, 540 to 360 million years ago. Limestone, sandstone, mudstone, basalt, coal and glacial sediments are embedded in the basin. It contains several oil and natural gas fields amounting to 18% of Australia's known reserves of natural gas. Total estimated reserves are of oil and of gas. The sedimentary basin partially overlays the Kalkaindji province, the Birrindudu Basin and Wolfe Basin. The Bonaparte Basin has deposits of lead, zinc, iron, gold and smaller coal deposits on land, mineralised in sandstone deposits. There were studies on