shale oil

Gazprom Neft and Schlumberger have signed a supplement to their Framework Agreement on Technology Cooperation*, which was made in 2011. The companies expand cooperation to achieve greater efficiency in development of hard-to-extract shale oil reserves, mainly from Bazhenov deposits in Western Siberia. In the near future, the companies will cooperate …

Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …

Russia is likely to grant a request from Surgutneftegas to widen the qualification criteria for the country’s tax breaks on shale oil. Energy minister Alexander Novak said that “Surgutneftegas has asked us to change some criteria and parameters applicable to the breaks. “We are likely to support this initiative,” Novak …

TMG Worldwide is proud to announce the official launch of the 1st UOR, Unconventional Oil Russia Technology Conference. Taking place on the 14th May 2014 in Moscow, the UOR will become Russia’s leading forum on technology adoption and implementation for the development of unconventional, tight and shale oil plays. The event will focus on the drilling and …

Although the development of unconventional resources is a challenging task, the need to focus on this area is becoming ever more important. As a result, new and improved technologies are being implemented to produce more hydrocarbons from unconventional fields. At RITEK, we are working hard on innovative methods that will …

Aleksey D. Alekseev  Senior Petrophysicist of Salym Petroleum Development N.V., Ph.D. (Geoscience) This article looks at the work performed by Salym Petroleum Development N.V. (SPD) for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper …

Kirill Strizhnev, Head of «Challenging Reserves» project office for Gazprom Neft’s Directorate of the exploration and resource base development Modern global estimates of unconventional hydrocarbon reserves all point to huge development potential. Currently, unconventional oil and gas production only account for about 1% of global output, however the development of …

This article looks at the work performed by Salym Petroleum Development N.V. for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper Salym field, which have helped define the ways of drilling, completion, field development …

Gazprom Neft has approved the continued study of oil reserves at the Bazheno-Abalaksky complex of the Palyanovskaya zone at the Krasnoleninskoye field (which is being developed by Gazpromneft-Khantos). The project’s new phase involves drilling four inclined wells to a depth of 2,700-2,800 meters over the next year. Drilling will start …

For the last several years, the topic of unconventional hydrocarbon resources development has become increasingly popular across the globe. It is also a controversial topic, with opinions ranging from euphoric announcements of a “shale revolution” to highly sceptical expert reviews characterizing that phenomenon as a “shale bubble”. If a company …