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Russia Overview

Russia

in figures

Oil Reserves106.2 billion barrels

Oil Production11,25 million bopd

Gas Reserves35 tcm

Gas Production635.6 bcm

Russia: Unconventional Directions

With a hydrocarbons landscape consisting mostly of ageing oil and gasfields, Russia is funnelling its efforts into further development of brownfields and the exploration of unconventional greenfields that were previously not viable. With the world’s second-largest natural gas reserves – estimated at 35 tcm (1,235 tcf) – Russia is also the second-largest producer of dry natural gas, with an output of 635.6 bcm (22.4 bcf) in 2017.

Most of Russia’s production remains dominated by domestic firms, the largest being Rosneft and Lukoil. Following the collapse of the Soviet Union, Russia initially privatised its oil industry, but its oil and gas sector has since reverted to state control.

Technological development and co-operation with foreign companies are reinvigorating Russia’s manufacturing industry. New techniques are extending the lives of Russia’s ageing oilfield equipment, yet domestic manufacturers often lack the capacity to develop the requisite technologies. This has provided a market for companies from abroad to meet Russia’s evolving technological demands.

Interview
Russia - April 24, 2020

Vadim Kalnitskii, general director of ModulNefteGazEngineering (MNGE), talks to The Energy Year about the market of mobile…

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Interview
Russia -

Yuri Karpov, general director of Uralmash Oil and Gas Equipment Holding (Uralmash NGO Holding), talks to The Energy Year about…

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Interview
Russia - March 03, 2020

Andrey Timin, director-general of Morneftegazproject, talks to TOGY about the company’s projects on the Arctic shelf and the…

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Interview
Russia - February 25, 2020

Alexey Rakhmanov, president of United Shipbuilding Corporation (USC), talks to TOGY about the state of Russia’s shipbuilding…

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Нефтяные-месторождения-и-инфраструктура-Республики-Татарстан-2020

Russia maps

Republic of Tatarstan oilfields and infrastructure 2020 Russian Edition

ALL MAPS
Alexander Novak remains Russian energy minister
NEWS
Russia - January 22, 2020

Russian Minister of Energy Alexander Novak will retain his position following a Cabinet shake-up, the Kremlin has stated in a…

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Rosneft and Gazprom take new Russia blocks
NEWS
Russia - January 21, 2020

Russian oil and gas giants Rosneft and Gazprom have acquired several exploration and development licences in the Yamal-Nenets…

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OIL & GAS EQUIPMENT MANUFACTURERS’ ASSOCIATION
Interview
Russia - January 14, 2020

Konstantin O. Radinsky, president of the Oil & Gas Equipment Manufacturers’ Association (OGEMA), talks to TOGY about the government’s support for Russian oil and…

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Nail Maganov Tatneft Russia
Interview
Russia - December 11, 2019

Nail Maganov, general director of Tatneft, talks to TOGY about how the company is boosting its oil production, its strength in tackling hard-to-recover reserves and its…

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BEREZKAGAS COMPANY
Interview
Russia - December 04, 2019

Dmitry Lipyavko, director-general of BerezkaGas Company, and Andrei Nepomniashchii, the company’s executive director, talk to TOGY about the benefits of reducing…

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