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Verhnepechorskaya depression is one of the underexplored area within the old oil-producing Timan-Pechora basin. Studied Silurian deposit lie relatively deep, so exploration risks are high and it requires preliminary petroleum analysis. Using available geological data hydrocarbon potential of Silurian deposit was described, reservoir properties, seal effectiveness and trap types were characterized. In summary there are two work streams – reef traps and tectonic and stratigraphic traps