Eurasia Journal News

Rosnedra Began to Make a Detailed Feasibility Study of Sites Before Auctions

The head of the department, Evgeny Petrov, noted that this measure will also help non-core companies that are starting to engage in geological exploration of new types of raw materials. Before auctions for subsoil plots, Rosnedra began to prepare a detailed feasibility study (feasibility study), including methods for further extraction …

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Eurasia Journal News

Rosnedra Estimated the Volume of Hard-to-Recover Hydrocarbon Reserves

Hydrocarbon reserves classified as hard-to-recover in Russia are colossal, and “we need to work with them,” said the head of Rosnedra, Evgeny Petrov. “Today we have about 970 billion tons of geological hard-to-recover reserves, 3.4 billion recoverable. That is, these are colossal reserves that need to be worked with. And …

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Eurasia Journal News

Russia Will Focus on Deep-Sea Oil and Gas Production

Russia will focus on deep-sea oil and gas production in the coming decades, since only it can ensure the required level of production in the country, said the head of Rosnedra, Evgeny Petrov. “We know that all life came out of the sea. But we, on the contrary, in the …

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Eurasia Journal News

Rosnedra Began a Systematic Study of the Russian Shelf For the First Time in the Last 30 Years 

For the first time in the last 30 years, the Federal Agency for Subsoil Use (Rosnedra) has begun a systematic study of the Russian shelf, said the head of the agency, Evgeny Petrov, during a meeting with Prime Minister Mikhail Mishustin. Petrov noted that over the past two years, Rosnedra …

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Eurasia Journal News

Drilling Volumes In The Russian Federation Increased By 70% In 2023

The head of Rosnedra, Evgeny Petrov, noted that the data suggests that literally within one to two years, companies will be able to put on their balance sheet a fairly good resource base and mineral reserves, as well as open large deposits. The volume of well drilling in Russia increased …

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Eurasia Journal News

A Breakthrough in the Production of Lithium is Expected From Associated Formation Water in the Russian Federation in 2-3 years

Meanwhile, the interest of the world’s oil companies in the extraction of a scarce chemical element is also directed to geothermal brines. Lithium production at the Kovykta gas condensate field may begin in the next 2-3 years. This will happen in case of successful introduction of industrial technology for extracting …

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Eurasia Journal News

Rosnedra Expects the Start of Lithium Production at the Kovykta Deposit

Rosnedra expects the start of lithium production at the Kovykta gas condensate field in the next 2-3 years in case of successful implementation of industrial technology for the extraction of lithium from bottom water, Rosnedra head Evgeny Petrov said in an interview with RIA Novosti on the sidelines of SPIEF. …

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Eurasia Journal News

The Head of Rosnedra Spoke About the Volume of Exploration in Russian Companies

Russian companies in 2023 still maintain the volume of exploration both in the oil industry and in solid minerals, despite the sanctions pressure, said the head of Rosnedra Evgeny Petrov in an interview with RIA Novosti on the sidelines of the SPIEF. “So far, no company has reduced the volume …

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Eurasia Journal News

Rosnedra: Began Inventory of Gas Reserves

Rosnedra has begun an inventory of gas reserves, and the process for oil has entered a new stage within the digital transformation. This was announced by the acting head of the agency Evgeny Petrov. According to him, “the department did not stop work on the inventory of oil reserves. This step should …

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