Russian Oilfields-Bring Me A Listing From Verkhnechonskoe Oilfields

Countries have an interest in the Caspian Sea if oil from the Middle East gets stopped.

Maybe there has been an influx by Justin Trudeau into Canada of Syrian refugees because of U.S. airstrikes in Syria, but Russia stays out of it.

There’s oil in western and easter Siberia in Russia.

Prior, there was oil since the 70’s in Western Siberia. In 2005 oil reserves were discovered in Eastern Siberia, according to Russian Natural Resources Minister Sergey Donskoy.

Privatization of the Russian oil industry contributed to climb of oil output. There are old oilfields.

They only produce 7 million barrels per day even though they have billions.

Russian oil is exported and 30% is refined locally.

The Russian government proposed tax cuts on oil in an attempt to stimulate production.

By 2011, Russian output increased to around $10 million barrels per day.

Russia is the 2nd largest exporter of oil in the world.

There are expensive pipelines in western Siberia because they production takes place in west away from ice free ports.

There are risks in western Siberia.

The Bazhenov shale layer, which lies under existing resource deposits, also holds great potential.

“In recent years, the government has used tax breaks to encourage Russian and international oil companies to explore the Bazhenov.”

“However, most shale exploration activities in Russia have been suspended because of sanctions.”

East Siberia is traditional oil production.

There’s a pipeline.

Bring me a listing from the Verkhnechonskoe oil field or the Yurubcheno-Tokhomskoye field.

There is lots of oil in the Caspian Sea. Deposits in the Caspian Sea are smaller than in Eastern Siberia.

Has pipelines through it’s territory.

Baku.

I don’t want to do deep water drilling. If the Baku oilfield isn’t underwater, I would like that.

There are high costs with extracting Caspian Sea oil.