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
Petroleum exploration in the Arctic Basin, and the East Greenland Rift Basins. More than 70% of the mean undiscovered oil resources is estimated to occur in five provinces: Arctic Alaska, Amerasia Basin, East Greenland Rift Basins, East Barents Basins, and West Greenland–East Canada. It is further estimated that approximately 84% of the undiscovered oil and gas occurs offshore. The USGS did not consider economic factors such as the effects of permanent sea ice or oceanic water depth in its assessment of undiscovered oil and gas resources. This assessment is lower than a 2000 survey, which had included lands south of the arctic circle. A recent