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The Tyumen Formation - Russia's next million b/d play?


The Tyumen Formation - Russia's next million b/d play?

Report summary

The Tyumen formation's importance to Russia is growing rapidly. Between 2009-14 production more than doubled to over 400,000 b/d. With sanctions impacting the offshore Arctic and shale oil projects, the Tyumen has emerged as a way of maintaining West Siberian production - which accounts for 65% of Russia's oil output. The Tyumen is being developed as a secondary or tertiary reservoir under brownfields as well as at greenfields where it is the major reservoir - gaining significant tax breaks.


What's included?

This report includes 1 file(s)

  • The Tyumen Formation - Russia's next million b/d play? PDF - 732.10 KB 8 Pages, 1 Tables, 3 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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  • Executive Summary
    • Discovered 50 years ago, meaningful development has only been in the past 10 years
    • The Tyumen Formationsā€™ growing importance in West Siberia
    • Six billion barrels of reserves with upside
    • The Tyumen is more complicated than what has come before, but easier than what will follow
    • Tyumen production could double by 2020 to 1 million b/d - 10% of Russia's production
    • Russia overcomes technology challenges on its own
    • The Russian majors dominate
    • Maintaining production through tax breaks
    • The Tyumen is the next step in West Siberia's journey into the Jurassic

In this report there are 4 tables or charts, including:

  • Executive Summary
    • The Tyumen is needed to counter the forthcoming decline of the Neocomian and Aptian-Albian
    • Key Tyumen fields
    • A few fields have driven Tyumen production increases over the past five years
    • Reduced Export Duty make fields with 80% Tyumen reserves vastly more profitable
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