The Oil & Gas Year Russia 2013
With a hydrocarbons landscape consisting mostly of ageing oil- and gasfields, Russia is funnelling its efforts into further development of brownfields and the exploration of unconventional greenfields that were previously not viable. The Bazhenov shale formation, located in western Siberia, is about 80 times larger than the Bakken formation in the US. If properly developed, Bazhenov promises to boost Russia’s production figures in the years to come.
The key to reinvigorating Russia’s manufacturing industry, which has remained stagnant since the fall of the Soviet Union, lies in technological development and co-operation with foreign companies. New techniques are extending the lives of Russia’s ageing oilfield equipment, yet domestic manufacturers often lack the capacity to develop the requisite technologies. This has provided a market for companies from abroad to meet Russia’s evolving technological demands.
The Oil & Gas Year Russia 2013 was produced in partnership with the Ministry of Natural Resources and Environment, the Russian Gas Society and the Union of Oil & Gas Producers of Russia. This comprehensive market review features interviews with the minister of natural resources and environment, the minister of energy and the leaders of national and international oil companies.
From the Arctic to the Caspian and the Black Sea to the Pacific, The Oil & Gas Year Russia 2013 covers the world’s most significant hydrocarbons opportunity.