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 trillion cubic meters by 2050. This opinion was expressed by the General Director of the State Commission for Mineral Reserves of the Russian Federation, Igor Shpurov, at the conference “Fuel and Energy Complex of the Tyumen Region and the Russian Economy” in Tyumen.
“In order for us to provide for ourselves and meet partial needs of the world market, by 2050 we need to increase geological exploration for oil by at least 4 billion tons, for gas – by 11 trillion cubic meters, and we need to create new technologies for the development of hard-to-recover reserves, which will allow us to increase 7 billion tons of oil and 5 trillion cubic meters of gas in profitable reserves,” he said.
Shpurov noted that now the main task for Russia is to provide a basis for maintaining and increasing oil and gas production in the country.
“It is obvious that those countries that have unique reserves of natural resources cannot rely on Western solutions in exploration and production,” he said. “Therefore, these countries must be protected through the development of their own reserves and through effective technologies.”
According to him, the entire strategy of energy transition to renewable energy sources in the world has not justified itself to the extent expected; fossil energy sources will still account for 65-66% of global energy by 2050.
The conference “Fuel and Energy Complex of the Tyumen Region and the Russian Economy” is held in Tyumen, it is dedicated to anniversaries – the 60th anniversary of industrial oil in the Tyumen region and the 115th anniversary of the birth of the Soviet geologist, head of the Main Tyumen Production Geological Department, Yuri Ervieu.
