The bear awakens: Resurgence of oil and gas in the former Soviet Union
Since dissolution of the Soviet Union (USSR) in late 1991, the oil and gas industries in the 15 component nations have been in a state of turmoil stemming mainly from past communist management practices and the transition to Western-style market economies and multiparty governments. As a result, oil and gas output have fallen dramatically. This study incorporates separate oil and gas production forecasts, predicted independently by onshore and offshore sectors, for each of the producing republics of the Former Soviet Union (FSU) over the period 1996-2005. Supply--assessed by full-cycle resource analysis--and demand, estimated from available historic and projected consumption figures, are balanced to yield a coherent picture. Production of both oil and gas for the FSU is forecast to recover strongly. Oil and condensate output--led by Russia, Kazakhstan, and Azerbaijan--are forecast to rebound to 9,545 MBOPD by 2005, which will reinstate the FSU as one of the world`s premier crude exporting blocs. Natural gas output--propelled by gains in Russia, Turkmenistan, and Uzbekistan--will likewise resurge, reaching a world-leading 96,051 MMCFD level, of which a large amount will be exported.
- OSTI ID:
- 468254
- Report Number(s):
- CONF-961003-; TRN: 96:006577-0059
- Resource Relation:
- Conference: 71. annual technical conference and exhibition of the Society of Petroleum Engineers, Denver, CO (United States), 6-9 Oct 1996; Other Information: PBD: 1996; Related Information: Is Part Of 1996 SPE annual technical conference and exhibition: Production operations and engineering/general; PB: 892 p.
- Country of Publication:
- United States
- Language:
- English
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