Small deposits development by small and medium sized oil companies will lead to the growth in production in Russia
Edited by Rhod Mackenzie / 2014-11-13 01:28:27
Small deposits development by small and medium oil companies will lead to the growth in production by 30-40 million tons within the next 20-30 years in Russia, the research adviser of the Institute for Oil and Gas Geology and Geophysics in h. of Trofimuk, A. Kontorovich says in his report ‘Geological exploration 2014’ in Moscow.
Small deposits should be developed by small and medium oil companies in the mature oil production regions where the infrastructure is created, he thinks. The state should regulate such investment and encourage the work of these companies. The Bazhen suite bears 20-80 billion tons of resources in oil equivalent.
