Russia explores the Arctic confidently. Despite its severe climate and weather conditions, the Russian Federation intends to extract more than half of gas and oil resources available there. According to the official report provided by the World Petroleum Council (WPC), Russia will be drilling 55% of all hydrocarbons from the Arctic by 2030. Specialists at the WPC release calculations that show a gradual progress in raising the volume of oil production. Considering the dynamic, Russia can raise the production by 3.5 times or to 2.2 million barrels of crude instead of 600,000 barrels drilled at the moment. To create worthy competitiveness, for other countries it is better to join their efforts. If taking into account the joined efforts, the total output of other countries will increase by 4.4. Norway also stands out among other explorers of the Arctic. The Norwegian production will probably increase to 700,000 barrels of oil in 2030 instead of 100,000 barrels extracted now. Then, it is followed by Canada with possible growth to 200,000 barrels from 900,000. The last place is taken by the United States with the smallest forecasted rise to 150,000 barrels from 100,000. Experts suppose that Russia will focus on the resources extraction from the shelves of Sakhalin, the Barents Sea, the Pechora Sea, the Ob Bay, and the Kara Sea.