Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
Russian observers to monitor elections in France, SerbiaRussian Politics & Diplomacy January 18, 16:49
Six suspects in Russian ambassador’s murder case testify in courtWorld January 18, 16:29
Russian arms foundry mints one-kilo silver ‘In Trump We Trust’ commemorative coinWorld January 18, 16:26
VTB president says anti-Russian sanctions should be first eased in financial sectorBusiness & Economy January 18, 16:03
Russia seeks Minsk deal implementation not for cancellation of sanctions — LavrovRussian Politics & Diplomacy January 18, 15:57
Syria has no objections to US presence at Astana talks, diplomat saysWorld January 18, 15:39
MOSCOW, June 17. /TASS/. Oil reserves at Russian conventional fields are sufficient for production within next 30-40 years, Minister of Natural Resource and Ecology Sergey Donskoi said in an interview with Komsomolskaya Pravda.
"As for the conventional oil fields, if the production amount remains, the reserves will be sufficient for 30-40 years," he said.
The reserves of non-traditional oil - the Bazhenov Formation in West Siberia, or Domanic Shale (unconventional shale of the Volga-Urals oil province group) and others - multiply the reserves, he said.
However, of importance is not just the fact of reserves, but the ways they are developed, the minister continued.
"Formerly, about 30% of conventional raw materials have been extracted," the minister said. "And now, due to new technologies, the share may be much higher."
Nowadays, production at fields is made at the depth of 3-4 kilometres. And drilling deeper even in West Siberia, Volga or Caspian regions may offer major reserves of liquid hydrocarbons.
"Plus the Arctic shelf, where production has not begun for various reasons: climate, technologies and the ecology," he said. "Besides, now many countries are focusing on unconventional deposits. Besides the shale projects, there are also gas hydrate deposits. Certain countries have been studying and testing them quite actively.".