What are the oil reserves in Russia?

The coming global energy crisis forces us to count the available natural resources. The main source of energy on Earth is oil. It is thanks to it that most of the power plants operate, cars and buses drive. Oil has become the main engine of modern civilization. But the amount of "black gold" is gradually drying up. Against this background, Russia stands out not only with its natural resources, but also with the fact that each year their volume only increases. Modernization of production allows not only to increase the amount of extracted "black gold", but also allows to develop already "served" wells.

Improved equipment allowed Russian oil companies to increase the volume of proven oil reserves by 5-15%. For 3 years, from 2001 to 2004, the total explored oil reserves in Russia increased by one and a half times. To date, the RF has tripled this figure, the total volume fluctuates today at about 120 billion barrels.

Oil reserves in Russia are growing not only with new open fields, but also thanks to unique mining methods. Drilling of horizontal wells, use of modern means of production automation, lead to the fact that on already mastered, and, it would seem, already produced wells, you can get a considerable amount of "black gold". The volume of extracted raw materials from one well, after introduction of modern technologies, is increased by 50%.

Proven oil reserves in Russia are also increasing due to new discoveries. For example, the Vankor field is estimated at 3.5 billion barrels of oil. His development was started by Rosneft. At present, additional geological prospecting is being conducted to study not only terrestrial, but also marine depths of the Arctic Ocean for the subsequent extraction of oil from its bowels. Technologies are actively developing for the construction of modern floating platforms.

The main oil reserves in Russia are located in the northern regions. Development and development of these regions are associated with huge investments. The quality of oil also leaves much to be desired, therefore, before oil is transported, the oil is cleaned at special refineries. They allow to distill oil to the buyer already cleaned from foreign admixtures oil, increasing its cost and profitability of the well itself.

The Russian Federation owns a quarter of the world's natural gas reserves, which automatically exports it to the leaders in the export of "blue fuel." More than half of the explored major gas fields are located on the territory of Russia. The main problem in the development is also the poor knowledge of Siberia. The remoteness from the center and severe weather conditions make it necessary to conduct work only when necessary.

Reserves of oil and gas in Russia - this is one of the main sources of income. The Russian economy at the moment is completely dependent on world prices for these natural resources. Despite the fact that Russia has very rich oil and gas reserves, their extraction, and most importantly, export, is associated with great difficulties. The construction of new gas and oil pipelines requires large financial investments. Naturally, each dollar invested later will bring a considerable profit, but it takes a lot of time after the funds are paid before dividends are received. This makes investments in Russian oil unattractive for foreign capital, which makes it easier to buy it from Middle Eastern competitors. Whatever the case, oil reserves in Russia will continue to contribute to its prosperity for a long time.