Scientist: Arctic shelf while not significantly increase the oil production in the Russian Federation

Scientist: Arctic shelf while not significantly increase the oil production in the Russian Federation


On the Arctic shelf is from 8 to 10% of the Russian resources of oil. If you start developing all the open fields, by 2030 you can go to 18 million tons, this is a very small percentage of our oil production, said the Director for science of Institute of oil and gas of the RAS.

St. PETERSBURG, 7 Dec –. The development of all discoveries of oil on the Arctic shelf will allow by 2030 to produce 18 million tons of oil, amounting to only 3.5% of the total volume of oil production in Russia, said Director of science of Institute of oil and gas Russian Academy of Sciences Vasily Bogoyavlensky at the V International forum “Arctic: Present and future”.

“In the near future the Arctic shelf oil-we can’t do much. If you start developing all the open fields, by 2030 we will reach 18 million tons, this is a very small percentage of our oil production, 3.5% of our oil production”, — he said.

Epiphany also reminded that the Arctic shelf is from 8 to 10% of the Russian resources of oil.

Initial recoverable hydrocarbon reserves in the Arctic, according to the Ministry of natural resources, can be about 260 billion tons of oil equivalent — more than half of all hydrocarbon resources in Russia. While on the Arctic shelf is not explored more than 90% of the territories, on land — about 53%.