Hydrocarbon resources on Russian continental shelf assessed at 115 bln t of conventional fuel, Sergei Donskoi says
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Initial total in-place hydrocarbon resources have been assessed at around 115 billion tonnes of conventional fuel, while reserves amount to 15.4 billion tonnes. According to the records of the RF Government Meeting on subsurface management and transportation of hydrocarbons on the Caspian Sea, this was announced by Minister of Natural Resources and Environment Sergei Donskoi.
The Minister reminded that offshore licences now include a substantial amount of exploration. For example, the licences that have been issued and are being implemented provide for conducting nearly 30,000 line kilometres of 2D seismic survey and nearly 80,000 kilometres of 3D seismic survey and for drilling 290 offshore wells. The implementation of this work by the approved deadlines will increase the reliability of assessment of our offshore resources several times over, will confirm the oil and gas content of vast areas and will allow discovering new hydrocarbon fields, Sergei Donskoi said.
According to him, number of offshore licences is growing. There are 129 such licences, including those issued within the framework of government contracts and for transit areas, and another 32 licence requests filed by state companies for new areas are being considered.