Oil & Gas Operators

The Increase In Oil Reserves In The Russian Federation In 2024 May Amount To 525 Million Tons

Gas reserves may reach 670 billion cubic meters, according to the forecast of the All-Russian Scientific Research Geological Petroleum Institute. The increase in oil and condensate reserves based on the results of geological exploration in Russia in 2024 may amount to 525 million tons, and natural gas – 670 billion …

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Oil & Gas Operators

Abramovich’s Son’s Company Was Allowed To Commission 3 Gas Fields Of The Vostok Project

Diall Alliance LLC (controlled by Arkady Abramovich) received permission from Rosnedra to commission production facilities at three fields in the eastern part of the Bortovoy license area in the Saratov region, the regional Ministry of Industry and Energy reports. We are talking about the objects of the Pavlovskoye field in …

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Oil & Gas Operators

Gas Reserves at Gazprom’s Medvezhye Field May Be Classified As Hard-To-Recover

The development of hard-to-recover gas reserves along the Senone is very promising, interesting and profitable, noted the head of Rosnedra Evgeny Petrov. The Russian government may include in the list of hard-to-recover reserves (TRIZ) the Senonian gas deposits developed by Gazprom at the Medvezhye field in the Yamal-Nenets Autonomous Okrug. …

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Oil & Gas Operators

Rosnedra Notes a Sharp Decline in Funding for Geological Exploration on Sakhalin

According to the head of the department of geology of oil and gas, groundwater and structures of the agency Nina Erofeeva, this is due to the pandemic and sanctions Rosnedra has noted a sharp decline in funding for geological exploration work on Sakhalin since 2020 amid the coronavirus pandemic and …

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Oil & Gas Operators

Rosneft and Rosnedra are Testing a New Technology for Broadband Research on the Shelf of the Eastern Arctic

A joint research expedition of Rosneft Oil Company and the Federal Agency for Subsoil Use (Rosnedra) started from Murmansk. The seismic survey vessel “Akademik Lazarev” is heading to the Arctic seas to carry out geological surveys and test a new domestic broadband seismic survey technology developed by Innopraktika. For the …

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Oil & Gas Operators

Government Proposes to Invest in Regional Geological Exploration

They can also simplify the sale of licenses for subsoil, but only for Russian companies. The Russian government has submitted to the State Duma amendments to the law of the Russian Federation “On Subsoil” of 1992. It is proposed to allow attraction of private investments in the regional stages of …

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Oil & Gas Operators

A Breakthrough in the Production of Lithium is Expected From Associated Formation Water in the Russian Federation in 2-3 years

Meanwhile, the interest of the world’s oil companies in the extraction of a scarce chemical element is also directed to geothermal brines. Lithium production at the Kovykta gas condensate field may begin in the next 2-3 years. This will happen in case of successful introduction of industrial technology for extracting …

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Oil & Gas Operators

Rosnedra Expects the Start of Lithium Production at the Kovykta Deposit

Rosnedra expects the start of lithium production at the Kovykta gas condensate field in the next 2-3 years in case of successful implementation of industrial technology for the extraction of lithium from bottom water, Rosnedra head Evgeny Petrov said in an interview with RIA Novosti on the sidelines of SPIEF. …

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Oil & Gas Operators

The Head of Rosnedra Spoke About the Volume of Exploration in Russian Companies

Russian companies in 2023 still maintain the volume of exploration both in the oil industry and in solid minerals, despite the sanctions pressure, said the head of Rosnedra Evgeny Petrov in an interview with RIA Novosti on the sidelines of the SPIEF. “So far, no company has reduced the volume …

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Oil & Gas Operators

Pre-Salt Oil Deposits to be Explored in Kalmykia

The Caspian field will also be restarted. The Caspian oil field in the Lagansky region of Kalmykia will be re-launched for oil production in the shortest possible time. IA “Devon” learned about this from the message of the Ministry of Natural Resources of the Republic. Specialists will also carry out …

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