Tight Oil Developments in Russia: Part 2
James Henderson The Oxford Institute for Energy Studies Click here to read part 1 3. Corporate Activity in Russia’s Tight Oil Reservoirs Rosneft As befits Russia’s National Oil Company, Rosneft has taken the leading role in the development of the country’s tight oil reserves, in particular since the announcement of …
Technology Roundtable: Unconventional Oil
Russia is starting to develop its unconventional reserves with pilot projects and longer term plans in place. How do you see the current state of the unconventional sector in Russia and how quickly do you think full scale unconventional development in the region will take place? Weatherford: It is difficult …
Total To Join Russian Shale Plays
French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the website of the Russian region’s governor. Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s …
Tight Oil Developments in Russia
James Henderson : The Oxford Institute for Energy Studies Part 1, click here to read part 2 Introduction Production of unconventional oil has transformed the US energy landscape, creating the potential for that country to reduce its reliance on oil imports and to contribute to the possibility of North America’s …
Gazprom Neft and Schlumberger Expand Technical Cooperation for Development of Shale Oil Reserves
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 Move Forward With Shale Oil Cooperation in the Samara Region
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 …
Exploring Unconventionally!
David Bamford It can be argued that over the last 20 years or so, offshore explorers have become ‘lazy’, relying on regional 3D seismic to bring them success. This will not be possible when explorers turn to looking for unconventional resources onshore; the innovative use of technology will be the …
The ROGTEC Interview Thomas Reed, CEO of Ruspetro
Thomas Reed, CEO of Ruspetro and a founding shareholder. Prior to joining the Group Mr Reed was a private equity and M&A advisor and investor based in Moscow. Since 1995 he has been involved in the origination, trading, and research of different classes of assets, such as equity and equity …
The Bazhenov Formation In Search of Big Shale Oil in Upper Salym, Part 2
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 …
Baker Hughes and CGG Alliance Tackles Shale Resource Challenges
An update on the CGG and Baker Hughes shale alliance announced during the 2012 SEG annual meeting. It is now a year since CGG and Baker Hughes announced that they would enter into a collaborative relationship that could redefine shale reservoir exploitation. Since then CGG has acquired Fugro’s Geoscience division …