Cap of the North 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 character" of
Petroleum exploration in the Arctic territory, boosting Russia's claim over the oil-and-gas rich triangle. The territory contained 10bn tonnes of gas and oil deposits, the scientists said. Greenland is believed by some geologists to have some of the world’s largest remaining oil resources. Prospecting is taking place under the auspices of NUNAOIL, a partnership between the Greenland Home Rule Government and the Danish state. U.S. Geological Survey found in 2001 that the waters off north-eastern Greenland, in the Greenland Sea north and south of the Arctic Circle, could contain up to of oil. Greenland has offered 8 license blocks for tender along its west coast