Russia has been maintaining stable oil production for the last 10 years due to active involvement of hard-to-recover reserves (HTRR), during which time HTRR production has quadrupled. This was reported by the head of the State Commission for Reserves (SCR) Igor Shpurov, writes TASS.
“Maintaining production for the last 10 years is due to active stimulation of the development of hard-to-recover reserves. From 2012 to 2023, production from hard-to-recover reserves — which, of course, is primarily associated with development technologies, with new technologies — has increased fourfold,” he said.
Shpurov noted that at the moment the total oil production from hard-to-recover reserves in Russia is about 156 million tons. “That is due to such heavy hard-to-recover reserves we maintain stable production. And, of course, we cannot do it any other way,” he concluded.
As follows from the presentation of the head of the State Committee for Reserves, to ensure the levels of oil production planned in the Energy Strategy of Russia until 2050 it is necessary to ensure the growth of profitable hard-to-recover oil reserves in the amount of 7 billion tons and new profitable reserves through geological exploration in the amount of 4 billion tons. According to the Energy Strategy, Russia should reach oil production of 540 million tons by 2030 and maintain this level until 2050.
Existing gas projects in Russia will provide no more than 60% of production by 2050
Natural gas production in Russia by 2050 will be provided by existing projects by no more than 60%. This follows from a presentation by Igor Shpurov, head of the State Commission for Reserves (GKZ).
The presentation also notes that the yield of currently developed gas fields in Russia is 70%. In total, the country has 102 years of gas reserves, but 54 years for the fields under development.
According to the GKZ head, to implement the strategy of the Russian gas industry development it is necessary to involve 11 trillion cubic meters of hard-to-recover gas reserves into development and 5 trillion cubic meters of new profitable reserves through geological exploration.
According to GKZ data, Russia currently has 63.4 trillion cubic meters of recoverable gas reserves and 216.6 trillion cubic meters of total gas resources in D0+D1+D2 categories. The share of TRIZ in the current gas reserves in Russia is 54%.