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They aren't drilling for oil etc since the treaty prohibits mineral exploration.It's all geared for conflict at the artic. We will find out as China powers on in the Antarctic. Or are we pretend they aren't mapping resources. It's a big reason Australia is in the danger zone as well.
The treaty doesn't prohibit scientific research however and that being so, they're just doing research focusing on the geology of Antarctica, with a particular focus on the presence of hydrocarbons and metals.
That basically is exactly what the Russians officially said. Not drilling for oil, it's just scientific research - and oddly enough the research found oil.