Barents Basin
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71°N 46°E / 71; 46 The Barents Basin or East Barents Basin is a sedimentary basin underlying the eastern half of the Barents Sea. Lying off Russia on the continental shelf between the Kola Peninsula and Novaya Zemlya, it produces oil and gas.[1]
The Barents Basin is bordered by land and the Timan-Pechora Basin to the south, the Murmansk Rise and Murmansk Plateau to the west, the Admiralty High and the island of Novaya Zemlya to the east, and rise of Franz Josef Land to the north. The Barents Basin is subdivided into the South Barents Basin (south of the Ludlov Saddle), the North Barents Basin, and the North Novaya Zemlya Basin. The latter two are separated by a major NW–SE fault.[2]