Hard-to-Recover Reserves

Petroleo Brasileiro SA (Petrobras) discovered oil and natural gas accumulations in the deepwater part of the prolific Campos Basin on the continental shelf of Brazil. This was reported by the company’s press service. Petrobras intensified exploration activities on its core acreage in an effort to unlock additional reserves. The company …

The Ministry of Natural Resources proposes to strengthen state support for companies developing mature and high water-cut fields, said Minister Alexander Kozlov at an expanded meeting of the Rosnedra board. “I would also like to say a few words about hard-to-recover reserves (TRIZ). In the structure of production from proven …

Expansion of the Fourth Group of Fields under the Added Income Tax Also Under Discussion Oil companies are in dialogue with the Ministry of Finance regarding the expansion of the fourth group of fields developed under the Added Income Tax, as well as measures to stimulate drilling. Adjustments to the …

Gazprom Neft, as part of the federal project “Technologies for the Development of Hard-to-Recover Hydrocarbons”, has developed a set of solutions that will make it possible to bring up to 9 billion tonnes of “hard” oil into production in Russia. The results of the program were presented to Alexander Novak, …

Novatek could begin developing additional reserves from deep horizons of the Nadym-Pur-Taz region (Yamalo-Nenets Autonomous Okrug) within three to five years. This was stated by Ekaterina Galyan, Director of the Subsoil Use and Resource Base Management Department at the company, during the “Hard-to-Recover Reserves – Present and Future” conference. At …

Reserves, Including Offshore Fields, Gas Production in the Russian Federation May Decline by Nearly Half by 2040. Recoverable gas reserves are being depleted, and without the development of hard-to-recover reserves, including offshore fields, gas production in the Russian Federation could decrease by nearly fifty percent by 2040. This data was …

Only 13 billion out of 31 billion metric tons of oil reserves in the Russian Federation are considered economically viable, while the majority are hard-to-recover reserves, and at the current production rate, the total reserves will last for 26 years, according to Alexander Kozlov, the Minister of Natural Resources and …

By the year 2030, more than half of new oil production in the Russian Federation will come from hard-to-recover reserves, which require adjustments to the tax regime to encourage their development. This was stated by Alexander Dyukov, Chief Executive Officer of Gazprom Neft. In mid-April, the Government of the Russian …

By the year 2030, more than half of crude oil production in the Russian Federation will come from hard-to-recover reserves, which means that large-scale development of these resources will require adjustments to the tax regime and state support for technological innovation, according to Alexander Dyukov, Chief Executive Officer of Gazprom …

The current state of gas field development in Russia shows that 70% of actively producing reserves have already been extracted, according to Igor Shpurov, Head of the State Commission on Mineral Reserves (GKZ). While Russia’s overall gas reserve life stands at 102 years, the remaining operational life of currently active …