Insight
Onshore E&A in Russia to 2035: three things to know
Report summary
As Russia strives to maintain oil production above 10 million b/d until 2035, how can exploration and appraisal be used to keep the reserve tank full? Russia has an abundance of subsurface potential and operators need to focus on appraising reserves to upgrade them from the possible to the probable category. Exploration is less important to 2035, but the opportunity for conventional discoveries in remote locations such as Yenisei-Khatanga and Nepa-Botuoba is eye-catching. Development of any discoveries will not be cheap as frontier regions lack infrastructure. Explorers will be wary of going full throttle in the search for new hard-to-recover reserves until the right technology for efficient recovery at the Bazhenov or Domanik is available. Advanced technology and the right fiscal incentives are key for maintaining production above 10 million b/d by 2035. Appraisal is vital to keep the reserve tank full until 2035, with exploration shining a light on the reserves picture after 2035.
Table of contents
-
Executive summary
-
Methodology
- 1) Further appraisal of C2 reserves and conversion into C1 reserves
- 2) Exploration of hard-to-recover (HTR) formations
- 3) New discoveries
- Huge reserve base in need of technology and proper tax regime
- Appendix
-
Methodology
Tables and charts
This report includes 6 images and tables including:
- Onshore E&A in Russia to 2035: three things to know: Image 1
- Exploration/appraisal drilling costs until 2035
- E&A hotspots onshore
- New oil discoveries in 2010-16
- Evolution of ABC1 reserves until 2035
- Russian old reserves classification (until 31.12.2015)
What's included
This report contains:
Other reports you may be interested in
Insight
Russian Federation upstream: seven signposts for the future
The outlook for Russia’s upstream is uncertain. What are the signposts to look for as Russia tries to maximise value from oil and gas?
$1,350
Insight
Discovered resources: 2023 in review
Our recap of key appraisal wells drilled in 2023, along with a look at what production came onstream during the year.
$1,300
Asset Report
Blue Stream
Blue Stream runs from the Stavropol Krai in Russia to the capital city of Turkey, Ankara. Gas is sent across the Black Sea from the ...
$2,150