Gazprom Neft Will Continue to Advocate for Tax Incentives for the Development of Hard-to-Recover Reserves
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 …
Russia’s Existing Gas Projects Will Supply No More Than 60% of Production by 2050
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 …
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 …
The Russian Federation Can Increase Oil Reserves by 7 Billion Tons Using Hard-to-Recover Reserves by 2050
And gas – 5 trillion cubic meters, says Igor Shpurov, Director General of the State Commission for Mineral Reserves of the Russian Federation. Russia needs to develop technologies for the development of hard-to-recover reserves in order to increase profitable oil reserves by 7 billion tons and gas reserves by 5 …
Russia Noted An Increase in Oil and Condensate Reserves in The Arctic Zone
No new hydrocarbon deposits were discovered in the Arctic zone in 2023, but the increase in recoverable reserves at existing fields in this region amounted to 13.4 million tons of oil and condensate and 60.6 billion cubic meters of gas, the head of the State Reserves Commission (SRC) Igor Shpurov …
The Russian Federation is Preparing a Bill on the Sovereign Audit of Hydrocarbon Reserves
…And their classification is harmonized with friendly countries. In Russia, a bill is being developed to create a system of independent audit of mineral reserves. In addition, reserve classifications are being harmonized with China, Belarus, Uzbekistan and Tajikistan. The task has also been set to create a domestic system of …
The State Reserves Commission Considers Benefits for Hard-to-recover Gas Reserves
According to its head Igor Shpurov, the dependence of the world energy balance on Russian gas by 2050 will be key. The State Reserves Commission considers the introduction of incentives for the development of hard-to-recover gas reserves (HRR) of gas in Russia, said the head of the state commission, Igor …
Salym Petroleum Development: Mature Field Development
Salym Petroleum Development N.V. (SPD), jointly with the State Commission for Reserves (GKZ) and the Kazan Federal University (KFU) held the Mature Field. Development 3.0 conference in Kazan. The conference was also sponsored by the government of the Republic of Tatarstan and the government of the Khanty-Mansi Autonomous Okrug – …