East-Prinovozemelsky field East-Prinovozemelsky field The East-Prinovozemelsky field (also referred as Vostochno-Prinovozemelskoye structure – meaning: East of Novaya Zemlya structure) is a gigantic undeveloped Arctic oil and gas field located in the South Kara basin of the continental shelf of Russia, in the South Kara Sea between the Yamal Peninsula and Novaya Zemlya island. It is the continuation of the continental West Siberian hydrocarbon province. The field is divided into three license blocks: EPNZ-1, EPNZ2, and ENPZ-3. In October 2010, licenses for all three blocks were awarded to Russian oil company Rosneft. In January 2011, Rosneft announced that it will form a strategic
Geology of Russia North Kara Terrane. It consists of a Neoproterozoic basement, consisting of metamorphosed sedimentary rocks intruded by granites, which is covered by Upper Neoproterozoic and Paleozoic sedimentary rocks. The North Kara Terrane collided with Siberia around the Devonian-Carboniferous boundary. This collision, which is related to the Caledonian orogeny, is called the Severnaya Zemlya episode. Geology of Russia The geology of Russia, the world's largest country, which extends over much of northern Eurasia, consists of several stable cratons and sedimentary platforms bounded by orogenic (mountain) belts. The European part of Russia is on the East European craton, at the heart of which