Date: 7 months ago   Category: Energy

Rosgeo sees risk of decrease in oil production in Russia for 40% by 2035 — Rambler News Service


Russia can lose up to 40% of annual volume of oil production by 2035 in case of rejection of measures for reproduction of mineral resources, has declared during the forum "Geological exploration-2018" the head of Rosgeo Roman Panov. "At rejection of measures for reproduction of mineral resources of oil by 2035 Russia can lose up to 40% of annual volume of production that it, even despite the predicted growth of a role of non-oil branches, obviously, will lead to negative consequences for economy in general" — he has told. Panov has explained that this subject was discussed at a meeting of the Government on September 18 the current year. Oil production can be reduced from the required 570 – 600 million tons per year to 350-410 million tons per year, he has noted. According to Panov, first of all data the risk is connected with the predicted exhaustion of the operating fields in Western Siberia and decrease in production level on them from the current 300 million tons per year to 180 or even up to 146 million tons per year. As Panov has noted, as possible decisions are offered by the government: carrying out inventory of stocks of fields (over 5 million tons), increase in volumes of exploration works at oil and development of measures of tax incentives of subsoil users.

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