It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Barring some miraculous discovery in Antarctica or somewhere, the vast majority of world oil reserves are in, and have always been in, and always will be in the Middle East:
Rigzone: Gazprom, Hydro and Statoil Sign Northern Areas Agreement
June 20, 2005
Gazprom, Hydro and Statoil will enter into a cooperation to identify oil and gas resources and develop technological solutions for oil and gas activities in far northern regions.
The agreement was signed on June 20th in Moscow during Norwegian Prime Minister Kjell Magne Bondevik's official visit.
The agreement should establish closer cooperation between the involved companies in their work to map out petroleum resources in the far northern regions of Norway and Russia. In addition to setting the course for the development of technological solutions for petroleum activities in the area, the agreement emphasizes identifying environmental conditions.