Russia Oil and Gas Report - Business Monitor International - Industry Reports

Russia Oil and Gas Report

Russia Oil and Gas Report - Business Monitor International - Industry Reports
Russia Oil and Gas Report
Published Aug 30, 2016
115 pages — Published Aug 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

There is much upside potential for Russia s oil and gas reserves, as many parts of the country remain underexplored. However, the bulk of this remains in technologically challenging environments and investment will be limited due to low oil prices and lack of access to finance and technology. ...We expect growing focus on shoring up resource volumes around the Tass- Yurakh and Yurubcheno-Tokhom oil fields, as well as the Kovyktinskoye and Chayandinskoye gas fields. West Siberia: West Siberia is Russia s most mature oil and gas region, but still holds considerable potential through increasing recovery rates at mature fields and tying in smaller developments. New exploration efforts will predominantly be focused on gas resources in the less developed Yamal-Nenets region. ...Russian offshore expertise remains limited, with drilling focused on shallow water prospects of less than ---m, which are not subject to sanctions. Statoil and Rosneft are drilling in the Lisyansky and Magadan blocks.

...Exploration will be affected while US and EU sanctions remain in place and oil prices remain low. A lack of access to international capital markets will force companies to work within cash-flow, limiting the depth of their potential investments. ...A lack of access to international capital markets will force companies to work within cash-flow, limiting the depth of their potential investments. Restricted access to key technologies - specifically enhanced oil recovery and offshore drilling equipment - is significantly restricting where Russian companies can invest, hence the growing focus on maximising the full potential of existing oil resources. Rosneft, Russia s largest oil producer, is struggling the most given its high level of US dollar debt and lack of access to international capital markets. ...Rosneft announced that its Kara Sea exploration will be delayed until at least ---- and more likely ----. The number of planned offshore wells has fallen substantially, with estimates for ---- falling from -- exploration wells to -. Shale projects, which were largely dependent on foreign joint ventures, have essentially stalled.

...The main trends and developments we highlight for Russia s oil & gas sector are: Crude oil and condensate production averaged --.--mn b/d in H---. Lukoil has begun development drilling on the Vladimir Filanovsky field in the Caspian Sea and is targeting first oil by the end of the year. ...

  
Source:
Document ID
1748-4200
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Russia Oil and Gas Report" Aug 30, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Oil-and-Gas-Report-2026-265>
  
APA:
Business Monitor International - Industry Reports. (2016). Russia Oil and Gas Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Russia-Oil-and-Gas-Report-2026-265>
  
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