Cap of the North northern Fennoscandia. Cap of the North The Cap of the North ("Nordkalotten" in Norwegian and Swedish, or "Pohjoiskalotti" in Finnish) consists of the counties Finnmark, Nordland and Troms in Norway, Norrbotten County in Sweden, Lapland/Lappi Region in Finland and Murmansk Oblast in Russia. This area is roughly equal to the parts of Fennoscandia (including the Kola Peninsula in Russia) lying north of the Arctic Circle. The region has a subarctic climate and is home to the majority of the Sámi people. Historian Per Guttorm Kvenanger has criticized the term "Nordkalotten" for displacing the overlapping term Sápmi and hiding the "Sami
Arctic policy of Russia field, an offshore oilfield in the Pechora Sea that will include up to 40 wells, is currently under construction and drilling is expected to start in early 2012. It will have the world's first ice-resistant oil platform and will also be the first offshore Arctic platform. Russia wants to establish its Arctic possessions as a major resource base by 2020. As climate change makes the Arctic areas more accessible, Russia, along with other countries, is looking to use the Arctic to increase its energy resource production. According to the U.S. Geological Survey, there are of oil and of natural gas