According to the forecasts, Transbaikal has more than 22 million tons of oil.

According to the forecasts, the Onon Basin of the Transbaikal Territory has more than 22 million tons of oil, Vladimir Salihov, the Doctor of Geological and Mineralogical Sciences, the Professor of Geophysics of the Trans-Baikal State University, stated.

"The promising oil-and-gas-bearing strata usually occur in sedimentary rocks, which are found only in the South-East Transbaikal. We believe the Onon Basin to be the most promising. There is substantial evidence there that point to its high prospectivity in this direction. For example, the presence of shale was established there while drilling in 60-70’s. This perspective is not in the shale gas, but in the oil. According to the evaluation studies of 60-70’s, the forecast of this basin is 10 million tons of oil in the Mangutsk basin area and about 12 million in the north-western part", - the scientist stated.

Salihov added that free allocation of gas is found across the whole basin, but there would be a little - about 500 million cubic meters.

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