Term of exhaustion of oil and gas reserves in Russia

Oil reserves in Russia are enough for 30 years, and gas reserves – for 70 years at the current rate of production. Such a deadline calls the Agency “Prime” with reference to the presentation of “Roshyology”.

Over the past 25 years in Russia, ten times less than new reserves are opened than in the previous 25 years, reported in the department. Stocks on many deposits of Soviet times are exhausted. The mining sector provides more than 70 percent of the country’s export revenues, so maintenance of production is the strategic task of Russia, noted in Roshyology. It is expected that until 2036, oil and gas revenues will be brought to the budget 8-10 trillion rubles annually.

In mid-September, Gazprom, Alexey Miller, led more optimistic data on gas reserves in Russia. According to him, the extraction will not stop over a hundred years, and some deposits developed by the company in Yamal will be able to work until 2132.

earlier in Rosnedrah voiced the forecasts for oil, also differ from the expectations of “Rosheology”, but towards the decrease. There they believe that cost-effective oil reserves in Russia for the current technologies of extraction will be enough for no more than 21 years. The most promising region for intelligence is Western Siberia. Petroleum fields in Eastern Siberia have not yet attracted market participants due to poorly developed infrastructure.

/Media reports.