Oil price should compensate expenses to exploration and production

The demand for oil and other energy sources grows at the global market being the challenge for the global oil sector, the chief of Rosneft, I. Sechin claims. Hydrocarbons extraction reduces at the traditional oil deposits that is why it’s necessary to actively develop the new deposits. As most of explored hydrocarbon reserves are hard to-extract reserves, including the shelf deposits, their price should compensate expenses into exploration and production.