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Russian Far East's future hinges on political fate

Journal Article · · World Oil; (United States)
OSTI ID:7191116
 [1]
  1. Moscow Inst. of International Relations, Russian Federation, and Chief, World Energy Analysis and Forecasting Group, Moscow (USSR)

This paper reports that according to recent geological surveys, the Russian Far East (RFE), encompassing former Soviet territories east of Eastern Siberia and Transbaikalia, is endowed with impressive fossil fuel resources, However, up to now, this energy resource potential has been rather modestly explored and developed. In particular, explored (proved and probable) reserves of liquid hydrocarbons (crude and condensate) in 40 known oil and gas accumulations are estimated at only 2.2 billion bbl, corresponding to one-seventh of RFE potential, recoverable oil resources. Putting these reserves data into the frame of national comparisons, one can conclude that, on the whole, explored RFE oil potential constitutes a negligible fraction (less than 1%) of Russia's oil reserves, while the region's gas endowment, though modest compared with that of northwestern Siberia, contributes nearly 60% of the Russian Federation's offshore gas reserves.

OSTI ID:
7191116
Journal Information:
World Oil; (United States), Journal Name: World Oil; (United States) Vol. 213:10; ISSN 0043-8790; ISSN WOOIAS
Country of Publication:
United States
Language:
English