Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation
The importance of oil and gas industry for Russia is hard to overestimate. Continued leadership in hydrocarbon production and exports are cornerstones for Russian economic and political prowess as well as energy and social security. The key to sustainability of oil and gas production is, first and f...
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fttriple:oai:gotriple.eu:oai:doaj.org/article:9ca029392232446097d03092d9c39e89 2023-05-15T18:45:34+02:00 Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation Kapustin Nikita Grushevenko Dmitry 2019-01-01 https://doi.org/10.1051/e3sconf/201911402001 https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/40/e3sconf_esr2019_02001.pdf https://doaj.org/article/9ca029392232446097d03092d9c39e89 en fr eng fre EDP Sciences 2267-1242 doi:10.1051/e3sconf/201911402001 https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/40/e3sconf_esr2019_02001.pdf https://doaj.org/article/9ca029392232446097d03092d9c39e89 undefined E3S Web of Conferences, Vol 114, p 02001 (2019) scipo demo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2019 fttriple https://doi.org/10.1051/e3sconf/201911402001 2023-01-22T19:11:31Z The importance of oil and gas industry for Russia is hard to overestimate. Continued leadership in hydrocarbon production and exports are cornerstones for Russian economic and political prowess as well as energy and social security. The key to sustainability of oil and gas production is, first and foremost, the resource base. In this study the authors attempted to analyze production capacity of the contemporary hydrocarbon production projects, both brownfield and greenfield, using the Hubbert linearization approach. The development of several major greenfields and the successful production maintenance at the developed fields provided Russia with record levels of production, even compared to the period of the USSR and created a potential for further production growth up to 2020. However, by 2025 this potential will be exhausted and only tapping into hard-to-recover reserves and Bazhen formation will be able to slow down the inevitable decline in production. This, however, will largely depend on active domestic development of new production technologies. The situation in the gas industry appears more favorable. Massive reserves of conventional gas, primarily in the Yamal Peninsula, provide the means to increasing annual production to over 1 trillion cubic meters. At the same time, even such a base of new reserves is not capable of completely replacing the phasing out of giant deposits of Nadym-Pur-Taz, which leads to the subsidence of production capacity beyond 2035 and the need to develop new and more complex resources. Article in Journal/Newspaper Yamal Peninsula Unknown Yamal Peninsula ENVELOPE(69.873,69.873,70.816,70.816) Nadym ENVELOPE(72.517,72.517,65.533,65.533) Greenfield ENVELOPE(-27.635,-27.635,-80.759,-80.759) E3S Web of Conferences 114 02001 |
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scipo demo Kapustin Nikita Grushevenko Dmitry Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
topic_facet |
scipo demo |
description |
The importance of oil and gas industry for Russia is hard to overestimate. Continued leadership in hydrocarbon production and exports are cornerstones for Russian economic and political prowess as well as energy and social security. The key to sustainability of oil and gas production is, first and foremost, the resource base. In this study the authors attempted to analyze production capacity of the contemporary hydrocarbon production projects, both brownfield and greenfield, using the Hubbert linearization approach. The development of several major greenfields and the successful production maintenance at the developed fields provided Russia with record levels of production, even compared to the period of the USSR and created a potential for further production growth up to 2020. However, by 2025 this potential will be exhausted and only tapping into hard-to-recover reserves and Bazhen formation will be able to slow down the inevitable decline in production. This, however, will largely depend on active domestic development of new production technologies. The situation in the gas industry appears more favorable. Massive reserves of conventional gas, primarily in the Yamal Peninsula, provide the means to increasing annual production to over 1 trillion cubic meters. At the same time, even such a base of new reserves is not capable of completely replacing the phasing out of giant deposits of Nadym-Pur-Taz, which leads to the subsidence of production capacity beyond 2035 and the need to develop new and more complex resources. |
format |
Article in Journal/Newspaper |
author |
Kapustin Nikita Grushevenko Dmitry |
author_facet |
Kapustin Nikita Grushevenko Dmitry |
author_sort |
Kapustin Nikita |
title |
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
title_short |
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
title_full |
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
title_fullStr |
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
title_full_unstemmed |
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation |
title_sort |
evaluation of long-term production capacity and prospects of the oil and gas industry of russian federation |
publisher |
EDP Sciences |
publishDate |
2019 |
url |
https://doi.org/10.1051/e3sconf/201911402001 https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/40/e3sconf_esr2019_02001.pdf https://doaj.org/article/9ca029392232446097d03092d9c39e89 |
long_lat |
ENVELOPE(69.873,69.873,70.816,70.816) ENVELOPE(72.517,72.517,65.533,65.533) ENVELOPE(-27.635,-27.635,-80.759,-80.759) |
geographic |
Yamal Peninsula Nadym Greenfield |
geographic_facet |
Yamal Peninsula Nadym Greenfield |
genre |
Yamal Peninsula |
genre_facet |
Yamal Peninsula |
op_source |
E3S Web of Conferences, Vol 114, p 02001 (2019) |
op_relation |
2267-1242 doi:10.1051/e3sconf/201911402001 https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/40/e3sconf_esr2019_02001.pdf https://doaj.org/article/9ca029392232446097d03092d9c39e89 |
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https://doi.org/10.1051/e3sconf/201911402001 |
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E3S Web of Conferences |
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114 |
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02001 |
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