Prospects for Russian Oil in the 1990s: Reserves and Costs

Dienes, Leslie

doi:10.1080/10605851.1993.10640921

Cited by 19 publications

(5 citation statements)

References 2 publications

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“…The field reportedly still contains about 1.3 billion tons of oil (see Sagers, 1992a, p. 408). However, its prolific reservoirs have been depleted, and the remaining 1.3 billion tons are found in much smaller lenticular traps; the lifting of this oil will require many more wells and reliance on artificial lift (see Dienes, 1993;Brillyant, Kuramshin, and Gubareva, 1989, p. 35-38).…”

Section: West Siberian Oilmentioning

confidence: 98%

Observations on the Russian Oil Sector in 1992 and 1993

Sagers¹,

Grace²

1993

International Geology Review

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Russia still is one of the world's major petroleum-producing countries, but output declined precipitously from the peak in 1987 of 569.5 million tons to 260.2 million tons for the first nine months of 1993 (projected at 340 million tons for the year). The crisis in the oil sector is due largely to the underlying political, economic, and organizational problems rather than to deficiencies in the oil reserve base or technology. Major oil-producing regions-West Siberia and Volga-Urals provinces-are identified, and within these regions, geology, reserve size, and major production associations are described. Other noteworthy areas covered in greater detail are the oil fields of Komi and Sakhalin. Concluding sections are devoted to a critical assessment of the Russian government's program to arrest the decline in oil output and to projecting output over the near future based largely on production trends that are appparent in November 1993. Estimates indicate that oil output in Russia will continue to decline throughout 1993 and 1994, and conceivably in 1995 as well.

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Section: West Siberian Oilmentioning

confidence: 98%

Observations on the Russian Oil Sector in 1992 and 1993

Sagers¹,

Grace²

1993

International Geology Review

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“…The oil resources of Kazakhstan's North Caspian Basin were uniformly judged to be in second place after West Siberia by geologists and other knowledgeable industry experts. It is even possible that the region may contain more recoverable oil in the ground than West Siberia at present, given the rapacious depletion of Siberia's resources (see Sagers and Grace, 1993;Dienes, 1993) and the high potential of the largely unexplored portions of the offshore Caspian shelf off the Kazakh coast. Some Western experts even speculate that the Caspian area could rival some Gulf nations with regard to its prospects (e.g., Financial Times, June 9,1993, p. 24;Washington Post, March 18, 1994, p. A24).…”

Section: The Oil Reserve Positionmentioning

confidence: 98%

The Oil Resources of Kazakhstan

Sagers¹,

Matzko

1993

International Geology Review

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Kazakhstan, the second-largest oil-producing former Soviet republic, accounts for 5 to 6 percent of total Soviet output in recent years. With over 15 billion barrels of proven and probable reserves, it has attracted some capital from major international oil companies and has been in the forefront of their "rush" into the region. Kazakhstan has signed contracts with more than 40 foreign companies from 17 different countries, including several mega-deals. Output has declined over the past two years (by 13.5%, from 26.6 million tons in 1991 to 23.0 million tons in 1993), mainly because of the ongoing economic and political changes set in motion after the demise of the USSR, and principally due to problems involving Kazakhstan's trade relations with Russia. Output continues to be restricted because of the lack of an independent pipeline route to the world market. Kazakhstan's main oil-producing areas are concentrated in the North Caspian Basin. Early production in the area was from suprasalt Permian and Cretaceous rocks, in structural traps originating from salt tectonism. More recently, significant discoveries such as Tengiz and Karachaganak have been made in subsalt upper Paleozoic rocks. The greatest hydrocarbon potential is in the infrasalt Paleozoic deposits; the suprasalt deposits tend to have smaller reserves, and the deeper, lower Paleozoic sediments appear to have the least potential. Other areas of established or potential hydrocarbon accumulation include the older producing areas on the Mangyshlak-Buzachi peninsula, which still account for most of Kazakhstan's hydrocarbon production; the Turgay syneclise, which is the location of the Kumkol field and the unexploited Kushmurun basin; and the Zaysan basin in eastern Kazakhstan.

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“…The lifting of this oil will require many more wells and reliance on artificial lift (see Brillyant et al,1989, pp. 35-38;Dienes, 1993), factors that may well compromise the economic feasibility of production in the future.…”

Section: Production By Former State-owned Oil Enterprisesmentioning

confidence: 98%

Russian Crude Oil Production in 1996:Conditions and Prospects

Sagers¹

1996

Post-Soviet Geography and Economics

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A noted Western specialist on the energy industries of the former USSR assesses trends in the production of oil (and gas condensate) in the Russian Federation in 1996 and surveys prospects for future performance in the oil sector based on recent developments in the industry. Special emphasis is placed on the effects of the continued evolution of the organizational structure of the Russian oil industry in the post-Soviet period, as well as the impacts of change in energy pricing policies on demand and oil-sector revenues. The coverage concludes with a near-term forecast of output for the Russian Federation up to and including the year 2000. 2 figures, 10 tables, 37 references. Journal of Economic Literature, Classification Numbers: L71, L95, Q40.

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Prospects for Russian Oil in the 1990s: Reserves and Costs

Cited by 19 publications

References 2 publications

Observations on the Russian Oil Sector in 1992 and 1993

Observations on the Russian Oil Sector in 1992 and 1993

The Oil Resources of Kazakhstan

Russian Crude Oil Production in 1996:Conditions and Prospects

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