Insight
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.
Table of contents
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Executive Summary
- 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:
- 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
What's included
This report contains:
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