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Russian liquids to 2020: condensate's importance grows

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Report summary

Contrary to many pessimistic predictions, Russian liquids production has reached record levels in the first five months of 2015. The driver behind the growth is condensate, mainly from the Urengoi area in West Siberia. Decline at brownfields will be offset by the development of greenfields and more difficult reservoirs, as well as increased EOR activity. The impact of sanctions will be crucial for Russia’s long-term production outlook post-2020 as it faces a sizeable production gap.

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This report includes 3 images and tables including:

Images

  • Russian liquids to 2020: condensate's importance grows: Image 1
  • Oil and condensate production potential in 2015 vs 2018
  • Condensate projects in the Urengoi area

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