Petroleum systems and resource potential in Sverdrup Basin, Arctic

The Sverdrup Basin is one of the important petroliferous basins in the Arctic. It has abundant oil and gas resources, but the exploration degree is relatively low. Based on the IHS database and literatures in the public domain, this paper documented the geological characteristics and distribution of oil and gas in the Sverdrup Basin, and classified the petroleum systems and hydrocarbon plays in the basin. The undiscovered hydrocarbons were eventually assessed by Monte Carlo simulation and the favorable exploration areas were predicted. The investigation results show that the discovered oil and gas accumulations are mainly distributed in the western area of the basin, which consists of Sabin and Edinburgh sub-basins. Oil and gas are mainly reserved in the Jurassic and Triassic clastic reservoirs. Two petroleum systems, which are the Paleozoic and Mesozoic systems, were identified in the basin. The Mesozoic petroleum system has a far greater exploration potential. Undiscovered recoverable reserves (mean value) in the Mesozoic petroleum system are 474.81 MMbbl (1 MMbbl=1×106 bbl, 1 bbl=0.137 t) of oil, 13 620.82 Bcf (1 Bcf=1×109 ft3, 1 ft3=0.028 3 m3) of natural gas and 63.66 MMbbl of condensate, amounting to 2 808.61 MMboe (3.85×108 t), of which the natural gas accounts for 80.82%. The Lower Jurassic structural hydrocarbon play in the western area of the basin, the Upper Triassic-Lower Jurassic structural hydrocarbon play in the Edinburgh sub-basin and the Upper Jurassic structural hydrocarbon play in the Sabine sub-basin are the most promising exploration areas.