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

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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.

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

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Table of contents

    • Discovered 50 years ago, meaningful development has only been in the past 10 years
    • The Tyumen Formations’ 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

Tables and charts

This report includes 4 images and tables including:

Images

  • The Tyumen is needed to counter the forthcoming decline of the Neocomian and Aptian-Albian
  • Key Tyumen fields
  • Reduced Export Duty make fields with 80% Tyumen reserves vastly more profitable

Tables

  • A few fields have driven Tyumen production increases over the past five years

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