Alexander Novak Has Called for Stimulating the Development of Hard-to-Recover Oil Reserves
It is necessary to fine-tune the tax system in the Russian Federation in order to stimulate the development of hard-to-recover oil reserves, as this will make investments in both reserves and technologies economically viable, according to Alexander Novak, Deputy Prime Minister of the Russian Federation. “As of today, hard-to-recover, high-water-cut, …
Alexander Dyukov Has Commented on Oil Production Plans in the Russian Federation Through the Year 2050
Annual Oil Production in the Russian Federation May Rise to 540 Million Metric Tons by the Year 2050, According to the Energy Strategy, Provided That Oil Producers, Related Industries, and Government Authorities Join Forces, Says Gazprom Neft Chief Executive Officer Alexander Dyukov The Government of the Russian Federation approved the …
Geophysicists Have Conducted Three-Dimensional Seismic Surveys in the Arctic Region
A complex method of seismic signal generation was applied at challenging sites in the Irkutsk Region and in the Yamalo-Nenets Autonomous Okrug, located within the Arctic territories of the Russian Federation. The company Geotek Joint Stock Company carried out large-scale three-dimensional seismic surveys in Eastern Siberia and in the Yamalo-Nenets …
Rosneft Discovers New Hydrocarbon Deposits at Eastern Siberia’s License Blocks
Four new hydrocarbon deposits were discovered at Rosneft’s license blocks in Eastern Siberia, and reserves for one of the reservoirs have been converted from C2 to C1 category. The increase in C1 recoverable oil and condensate reserves was over 10 million tonnes; gas reserves – 12 bcm, which was approved …