Regional governor Natalia Komarova has begun implementing “The 20-30 Strategy”. Diversification of economy and transformation of “one-company towns” are on the agenda.
Salym Petroleum Development N.V. (Salym Petroleum), Gazprom Neft’s and Shell’s joint venture (50/50), continues optimizing a chemical flooding technology based on a three-component mixture of anionic SAA, sodium, and polymer (ASP).
The Russian Finance Ministry has backed a bill to issue tax breaks to oil companies working with tight oil resources. The deputy director of the ministry’s tax and tariff policy, Aleksey Sazonov, believes the state budget will not lose much bby offering such breaks.
Tyumen Region Governor Vladimir Yakushev and Rosneft head Igor Sechin have signed a long-term cooperation agreement in Moscow.
Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation.
French energy major Total (TOTF.PA) is in talks to join "tight" or hard to access oil projects in Russia, which by some estimates hold the world's largest unconventional oil reserves, a Total executive was quoted on Tuesday as saying.
Commercially recoverable reserves of tight oil in the rest of the world could be double or more those of North America and the geology of the 23 best opportunities are better in some cases, according to a new study.
The Russian government has submitted a bill to the Duma on stimulating the development of difficult oil reserves. The bill was drafted as a joint effort by the Russian Energy and Finance ministries, the Energy Ministry reported in a news release.
WEB EXCLUSIVE, Moscow. Russia's current oil-tax system is hindering production of the country's low-permeability reservoirs, says IHS CERA's Thane Gustafson.