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, …
The Republic of Tatarstan Has Enough Oil Reserves to Last for 200 Years
Today, a one-percentage-point increase in the oil recovery factor could expand the recoverable reserves of Public Joint Stock Company Tatneft by an amount equivalent to the discovery of a major new oil field. Following the lifting of production restrictions under the OPEC+ agreement, Tatneft is positioned to significantly increase oil …
Gazprom Neft to Establish a Network of Test Sites in Western Siberia for Hard-to-Recover Oil Technologies
Gazprom Neft has received new licenses for the establishment of technology test sites dedicated to piloting domestic solutions for the development of hard-to-recover oil reserves (HRR). This initiative will enable the company to create the largest network of such sites in Russia, accelerating the deployment of advanced approaches to unconventional …
The Subsoil of Russia Should Explore Domestic Technologies, the State Reserves Commission Said
Domestic technologies should become fundamental in the exploration of natural resources in Russia, said Igor Shpurov, General Director of the State Reserves Commission, at the conference “Subsoil Energy – on the Path to High Achievements”, dedicated to the twentieth anniversary of Rosnedra. “The provision of reserves of many types of …