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The paper considers main problems arising today when exploring oil and gas resources in the global ocean and Arctic waters. It shows the key trends of the global oil and gas industry development and defines recommendations on the Russian shelf exploration. It is demonstrated that the large-scale development of hydrocarbon resources in the Arctic waters with the understudied Arctic lithosphere and hydrosphere may lead to tremendous losses associated with the need to eliminate potential catastrophic consequences recurred on the Russian Arctic zone shore in Soviet times. Geoecological consequences of such catastrophes have been neither eliminated nor adequately investigated until now. At the same time, there is no doubt that intense petroleum exploration is necessary along the entire Russian shelf.
Key words: Arctic, oil, gas, Russian Arctic zone, geoecological problems.
   

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