Eurasia Journal News

Tatneft Prepares for CO2 Injection into the Reservoir

Tatneft has received a subsurface license for the Tukaevsky-1 site in Tatarstan for the construction and operation of underground facilities where the company plans to store carbon dioxide (CO2). The site covers the territories of the Nizhnekamsky, Tukaevsky, and Zainsky districts, according to Interfax. According to the State Register of …

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Eurasia Journal News

Subsoil Users Must Pay for Licenses in Accordance with the Value of the Mineral Deposits

Companies must pay for subsoil use based on the actual value of the mineral deposits, as this will provide an incentive for them to develop the licensed sites. This statement was made by the Deputy Prime Minister of the Russian Federation, Dmitry Patrushev, during a meeting of the Board of …

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Eurasia Journal News

The Growth of Reserves of Public Joint Stock Company Surgutneftegas Fully Replaced Its Oil Production in the Year 2024

The growth of recoverable reserves of Public Joint Stock Company Surgutneftegas fully offset its hydrocarbon production in the year 2024, and the company has the same target for 2025, according to Vyacheslav Chirkov, Chief Geologist of the company, who spoke at a meeting of the Board of the Federal Agency …

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Eurasia Journal News

The Federal Agency for Subsoil Use of the Russian Federation Will Begin Preparing Geological Exploration Programs in the Arctic Region

The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) plans to begin preparing geological exploration programs in the Arctic and in regions that have been reintegrated into the Russian Federation in the year 2025, according to a statement made by the head of the agency, Oleg Kazanov. “This …

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Eurasia Journal News

Taimyr Region Receives New Confirmation of High Oil and Gas Potential

The Federal Agency for Subsoil Use of the Russian Federation (Rosnedra) and the Russian State Geological Holding (Rosgeologia) have reported significant results from the state geological exploration program conducted in the central part of the Yenisei-Khatanga Trough, located in the northern area of Krasnoyarsk Krai. During the drilling of the …

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Eurasia Journal News

With the Support of Rosneft, Research on the Continental Shelf in the Arctic Ocean continues

With the support of Rosneft within the framework of the strategic initiative of the Ministry of Natural Resources of Russia “Geology. The Rebirth of the Legend“ the exploration of the continental shelf in the Arctic Ocean continues. The day before, a specialized scientific research drilling vessel “Bavenit“ left the port …

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Eurasia Journal News

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 …

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Eurasia Journal News

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 …

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Eurasia Journal News

Dmitry Patrushev: the Work of Rosnedra Allows Us to Guarantee Technological and Raw Material Sovereignty

The Deputy Prime Minister of the Russian Federation noted that the department has developed a serious potential in the regulatory, legal and technical areas of domestic geological exploration. The activities of Rosnedra in geological exploration allow for strategic planning and guarantee the technological and raw material sovereignty of Russia. This …

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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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