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Onward and downward: Russian icebreaker Rossiya paved the way for the first-ever Arctic seabed exploration.
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As icecaps melt, Russia races for Arctic's resources

This week, it stakes territory in an internationally administered area said to contain vast oil and gas reserves.

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Correspondent Fred Weir talks about Russia's claim to arctic territory believed to contain vast energy reserves.

Call it the global warming sweepstakes.

As milder temperatures make exploration of the Arctic sea floor possible for the first time, Russia's biggest-ever research expedition to the region is steaming toward the immense scientific prestige of being the first to explore the seabed of the world's crown.

In the next few days, two manned minisubs will be launched through a hole blasted in the polar ice to scour the ocean floor nearly three miles below. They will gather rock samples and plant a titanium Russian flag to symbolize Moscow's claim over 460,000 square miles of hitherto international territory – an area bigger than France and Germany combined in a region estimated to contain a quarter of the world's undiscovered oil and gas reserves.

The issue of who owns the North Pole, now administered by the International Seabed Authority, has long been regarded as academic since the entire region is locked in year-round impenetrable ice. But with global warming thinning the icecaps, the question has vaulted to the front burner.

"The No. 1 reason for the urgency about this is global warming, which makes it likely that a very large part of the Arctic will become open to economic exploitation in coming decades," says Alexei Maleshenko, an expert with the Carnegie Center in Moscow. "The race for the North Pole is becoming very exciting." The US Geological Survey estimates that 25 percent of the world's undiscovered oil and gas reserves lie beneath the Arctic Ocean. Experts at the Russian Institute of Oceanology calculate that the saddle-shaped territory that Russia is planning to claim may contain up to 10 billion tons of petroleum, plus other mineral resources and vast, untapped fishing stocks.

Russia stakes its claim

The 1982 Law of the Sea Convention establishes a 12-mile offshore territorial limit for each country, plus a 200-mile "economic zone" in which it has exclusive rights.

But the law leaves open the possibility that the economic zone can be extended if it can be proved that the seafloor is actually an extension of a country's geological territory.

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