Can Russia Develop Its Shale Reserves?

Russia’s tight oil will play an increasingly important role in
its oil output, underpinned by the fact that 20 percent of its
current reserves already belong to the “tight” category. Most of
it, however, remains untapped as oil producers prioritize
traditional projects which entail lower production costs and
time-honored technological solutions. As the traditional variants
of production gradually move towards depletion, it is tight oil
that oil companies will inevitably turn to. Mostly located below
historically formed oil-producing…

Russia’s tight oil will play an increasingly important role in
its oil output, underpinned by the fact that 20 percent of its
current reserves already belong to the “tight” category. Most of
it, however, remains untapped as oil producers prioritize
traditional projects which entail lower production costs and
time-honored technological solutions. As the traditional variants
of production gradually move towards depletion, it is tight oil
that oil companies will inevitably turn to. Mostly located below
historically formed oil-producing…