Insight

Russian service sector: technology's role in keeping oil production above 10 million b/d

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

How can Russia maintain oil production above 10 million b/d until 2035? One solution lies in tapping foreign and domestic technology potential. With two thirds of recoverable remaining ABC1 reserves defined as hard to recover by the Russian state focus is shifting towards unlocking the potential of deeper low permeability formations out to 2035. Many technological factors could help maintain liquids production above 10 million b/d. But we think that five are key: increasing horizontal drilling and hydraulic fracturing replacing old drilling rigs acquiring heavier rigs and improving completion at the hard to recover Bazhenov formation. Russia has the reserves it has the strategy and it has the political support to keep oil production flat out to 2035. It just needs the right technology available at the right time to efficiently reap the rewards of its subsurface potential.

What's included

This report contains

  • Document

    Russia service sector 2017.xls

    XLS 286.00 KB

  • Document

    Russian service sector: technology's role in keeping oil production above 10 million b/d

    PDF 469.81 KB

  • Document

    Russian service sector: technology's role in keeping oil production above 10 million b/d

    ZIP 550.30 KB

Table of contents

Tables and charts

This report includes 10 images and tables including:

Images

  • Service sector key events since 2014
  • Evolution of service costs
  • Evolution of horizontal drilling in Russia since 2012
  • Development drilling outlook until 2035
  • Fracturing operations outlook until 2035
  • Russian rig park by age (2016)
  • Rig providers in Russia (2016)
  • Drilling rig replacement until 2035
  • Demand for drilling rigs until 2035
  • Bazhenov production forecast

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898