04 Mar '12, 4pm

Tech Talk - Future Russian fuel production from the Arctic

In the past few weeks I have been looking at the potential for sustainability in oil and gas production in Russia, now producing at a predicted recent peak of 10.36 mbd , when condensate is included . But the question increasingly becomes whether or not Russia can sustain these levels through this decade, as has been assumed by those suggesting that there will be no supply problems in the near future. In order to sustain this level of production, against falling volumes from the current major sources in Western Siberia (estimated as 300 kbd in 2010 ), Russia is so far relying on bringing new fields into production in Eastern Siberia and Timan-Pechora (as well as some increase in condensate as natural gas production continues to increase). However these developing fields, as a broad generalization, are at a size of about 500 mbd each, with an anticipated maximum individual ...

Full article: http://www.theoildrum.com/node/8985

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