Gazprom Neft Called for Further Expansion of the Tax Regime of the AIT
Gazprom Neft stands for further expansion of the additional income tax regime, this will improve the economics of oil production projects, the head of the company Alexander Dyukov told reporters on the sidelines of the WEF. “The AIT is an excellent tax tool that has already proven to be highly …
In Ugra, It Was Proposed to Introduce Benefits for Exploration and Production of Hard-to-Recover Oil
According to the Federal Agency for Subsoil Use, in Russia over the past nine years, the volume of hard-to-recover oil reserves (TRIZ) has increased by 3.8 billion tons, an annual increase of three percent on average. In Western Siberia, 37 percent of the resources belong to this category. In the …
Belorusneft Intends to Produce at Least Two Million Tons of Black Gold in 2025
According to the CEO, in 2024, production is expected to be at least 1 million 930 thousand tons. Already in January–August, this figure amounted to 1 million 278 thousand tons plus the same period in 2023. “These are quite serious results for our region, they exceed the level planned for …
The Authorities of the KhMAO Announced the Development of New Deposits in the Arctic Zone
The authorities of the Khanty–Mansiysk Autonomous Okrug plan to develop new mineral deposits in the Berezovsky and Beloyarsk districts. This was stated by Acting Governor Ruslan Kuharuk during a meeting on support for the oil and gas industry. “The head of the region focused on the development of new territories …
KazMunayGas Plans to Produce an Additional 70 Million Tons of Oil Due to Hard-to-Recover Reserves
Kazakh oil company KazMunayGas JSC (KMG) intends to increase production in the future due to hard-to-recover oil, new technologies will be used for this. This was announced by the company‘s press service. “Regarding the increase in production, it was noted that 50% of oil reserves are difficult to recover. The …
By 2023 about 53% of Russia’s Oil Reserves Were Potentially Preferential
By the beginning of 2023, about 53% of Russia‘s oil reserves were classified as potentially preferential, of which 58% are hard-to-recover reserves. This is reported in the state report “On the state and use of mineral resources of the Russian Federation in 2022“, published by the Ministry of Natural Resources …
Belarus Wants to Expand Its Presence in Russia in the Oilfield Services Market
Belarusian oil companies intend to expand their presence in the oilfield services market in Russia, said Alexander Lyakhov, General Director of the Belorusneft production association. “We have our own technologies that are adapted to work both in Belarus and in Russia. In recent decades, we have been actively studying the …
The Russian Federation Is Provided with Some Types of Strategic Minerals for No More Than 25 Years
The share of hard-to-recover reserves in hydrocarbon production is growing, according to the strategy for the development of the mineral resource base until 2050. Russia’s provision with economically viable reserves of some types of strategic and significant minerals currently does not exceed 25 years. This follows from the strategy for …
“Investments in the Development of Hard-to-Recover Reserves in Small and Medium-Sized Fields Will Help to Avoid Resource Shortages”
New deposits and the development of difficult deposits could replenish the country with mineral reserves, but “if the process is not changed, Russia may face a shortage of necessary resources.” This forecast is given by Sergei Neruchev, an expert in the field of mining, candidate of geological and mineralogical sciences, …
KazMunayGas Introducing New Technologies to Increase Oil Production Rate at Brownfields
KazMunayGas (KMG) discussed the implementation of measures of the roadmaps for technological challenges at the company’s fields. The KMG press service reported this on June 30, 2024. Hard-to-recover reserves The main difficulties at KMG’s mature fields are associated with the development of hard-to-recover reserves (HTR). Currently: The roadmap of technological …