E3S Web Conf.
Volume 114, 2019International Conference of Young Scientists “Energy Systems Research 2019”
|Number of page(s)||4|
|Section||Regional Energy Issues|
|Published online||04 September 2019|
Evaluation of long-term production capacity and prospects of the oil and gas industry of Russian Federation
1 Energy Research Institute of Russian Academy of Sciences, Nagornaya str. 31/2, Moscow, Russia
2 Russia Russian State University of Oil and Gas, Leninskiy prospect 65, Moscow, Russia
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.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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