The US Navy has discovered a significant amount of oil and natural gas reserves near the Arctic Ocean, including a possible new source of oil for ships and submarines, according to US Navy officials.
The US Navy recently discovered oil and petroleum deposits in the Chukchi Sea and Chukchansk Sea, as well as in the Arctic Basin, which is a basin stretching from the coast of Alaska up to Alaska, and up to the Arctic coast of Canada.
The discovery was announced in a statement by the US Naval Surface Warfare Center.
The new finds were announced by Navy Rear Adm.
Michael R. Bell, who heads the Naval Surface Weapons Center.
The new finds are consistent with the existing oil and water reserves, Bell said.
Bell said the new discoveries should help US Navy planners in their development of new technologies to combat the growing threat of Arctic drilling.US Navy officials said that they will determine how much oil and oil-rich natural gas lies beneath the Arctic, as they are not yet well-versed in the oil and deepwater deposits in Alaska and the Gulf of Mexico.
The Arctic basin, which includes the Chugachuk, Arctic Ocean and Beaufort seas, is the most active area for oil and shale gas exploration, Bell added.