Friday, August 2, 2013

Russia to use technology to improve the exploitation of shale gas field production

hydraulic fracturing technology, not just for the shale. In Russia, oil producers have already started using horizontal drilling and hydraulic fracturing technology combines the former Soviet-era oil fields once again mining, anticipated mining goes well, it will give Russia bring additional billions of dollars in oil .
As Russia's third largest oil producer, TNK-BP is currently nearly half of the oil shale mining is mined using hydraulic fracturing and horizontal drilling techniques. TNK-BP said that in the past two years, oil companies using this technology increased six-fold. In addition to TNK-BP, Rosneft, Lukoil and Gazprom have already had the same plan.
To stimulate production, fracking has actually Siberian oil fields in the Russian heart for a very long time. Russia The horizontal drilling and hydraulic fracturing the first combination, the purpose is to use a drill rotated 90 degrees to obtain a more horizontal perforated oil rock. Hydraulic fracturing and horizontal drilling of the perfect combination, has given the United States bring substantial economic return, if used in Russia goes well, will make the Soviet-era recover 15% of the crude oil production. According to Gazprom's executive vice president, said,
"This is a very big company producing changes in the way in the past year and a half has been embarked on, we have made a breakthrough."
In this regard, Eurasia Group analyst CliffKupchan that the decades-old from the exploitation of oil fields to improve production will make the fourth consecutive year the Russian crude oil production remained at 10 million barrels / day, this figure exceeds the Saudi Arabia and the United States. In addition to Russia be able to get such huge gains, and other such equipment manufacturers suppliers include Schlumberger, Weatherford International and CAT oil comes from Russia to benefit this program.
For the United States use this technology gains, Russian President Vladimir Putin's goal is to maintain Russia's crude oil production of 10 million barrels / day. According to the Russian Energy Minister ArkadyDvorkovich February of this year, said
"In September last year, Russia's crude oil production reached a maximum after the disintegration of the USSR, 1040 barrels / day production volume this year is expected little change or a slight on the rise."
This Eurasia Group analyst Kupchan believes that "Russia under Putin, is committed to maintaining oil production standards. Companies such as Rosneft unless oil prices as low as the bottom, otherwise it will continue drilling and mining subcontracting."
According to Rosneft, said this year will be the use of  shale gas  mining technology at its largest production area from three wells drilled in 2012 to 50. Gazprom will also be used in hydraulic fracturing technology to this year has doubled the number of wells. As Russia's second-largest producer Lukoil plans to use hydraulic fracturing method in the next nine years from the Urevskoye of 55 horizontal wells increased by 15% of the production. The region for the first time in the 1970s, oil production, the daily output of 60,000 barrels. Lukoil is expected from the regional activities additional 3,500 barrels of crude oil. Russian crude oil benchmark prices in accordance with the day to count, Lukoil will receive $ 3.7 billion to revenue. According to Renaissance Capital's research analysts, frequent use of horizontal drilling in the end of this century will bring at least 40% of the drilling growth.
Over time, the water stress cracking technology and the use of horizontal wells spread in Russia. From the revitalization of old oil production to the exploitation of  unconventional gas  reserves. Siberian oil fields located below Bazhenov shale, an area with French fairly. According to the Russian subsoil agency said, the page with the U.S. rock geology famous North Dakota Bakken shale similar, according to Bloomberg news, Bakken shale crude oil production in the past two years has doubled to 70 million barrels / day . At present, Gazprom and its partner Shell will invest over the next three years, $ 200 million for the Salym Bazhenov shale exploration area. ExxonMobil and Rosneft also plans to conduct this piece of shale exploration.

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