US bypasses Russia in battle for oil
Russia occupies a leading position in the energy market. We are one of the largest oil suppliers in the world, which is largely the basis of the Russian economics. But there is a big risk that the United States of America will squeeze Russia out of this traditional market for us.
What threatens the Russian oil industry
There is a significant risk that Russia will cease to be a major oil producing country. All past years, we have been producing oil in the traditional way, which required significantly less investment and the use of not so complicated of technologiesthan shale oil production.
But, alas, there are fewer and fewer explored deposits where oil can be extracted in the traditional way that cannot but worry. In the near future, Russia will either have to abandon oil production, or begin the development of hard-to-reach fields. Since Russia will not give up oil, it will be necessary to completely rebuild the work of the oil industry.
We will be forced to pay special attention to the development of the Arctic shelf and shale deposits. As for the latter, Russia has even greater reserves of shale oil than the USA, which are leaders in this industry.
For example, the West Siberian Bazhenov Formation contains huge oil reserves. Experts say that under Western Siberia is another Western Siberia.
But Russia does not have the necessary technologies and equipment to develop such deposits. Their purchase in the West is hindered by international sanctions, and it takes a lot of time and effort to resolve this issue on their own.
Global trends in the oil industry
Now the United States is so actively engaged in the development of its own oil fields that in the near future they can double oil production and overtake Russia and Saudi Arabia. Today, the level of oil prices has risen significantly and averages $ 70 per barrel, which stimulates global oil production.
If in the past the highest profit in the oil industry was received by the one who had the most affordable resources, today those who use more efficient technologies have it.
How much do Russian oil companies depend on the West?
The Russian oil industry is heavily dependent on imports. Over the past four years, this dependence has been reduced by only 8 percent. The share of foreign automated control systems and software used by domestic oil companies is especially high. These components make up 99% in oil refining, 95% in exploration and development, 80% in storage and transportation, and 85% in production.
The saddest thing is that in Russia there are many interesting scientific and technical developments, but there are many obstacles to their implementation. And if this order does not change, our country may lose the status of one of the largest energy suppliers in the world over time.
What threatens the Russian oil industry
There is a significant risk that Russia will cease to be a major oil producing country. All past years, we have been producing oil in the traditional way, which required significantly less investment and the use of not so complicated of technologiesthan shale oil production.
But, alas, there are fewer and fewer explored deposits where oil can be extracted in the traditional way that cannot but worry. In the near future, Russia will either have to abandon oil production, or begin the development of hard-to-reach fields. Since Russia will not give up oil, it will be necessary to completely rebuild the work of the oil industry.
We will be forced to pay special attention to the development of the Arctic shelf and shale deposits. As for the latter, Russia has even greater reserves of shale oil than the USA, which are leaders in this industry.
For example, the West Siberian Bazhenov Formation contains huge oil reserves. Experts say that under Western Siberia is another Western Siberia.
But Russia does not have the necessary technologies and equipment to develop such deposits. Their purchase in the West is hindered by international sanctions, and it takes a lot of time and effort to resolve this issue on their own.
Global trends in the oil industry
Now the United States is so actively engaged in the development of its own oil fields that in the near future they can double oil production and overtake Russia and Saudi Arabia. Today, the level of oil prices has risen significantly and averages $ 70 per barrel, which stimulates global oil production.
If in the past the highest profit in the oil industry was received by the one who had the most affordable resources, today those who use more efficient technologies have it.
How much do Russian oil companies depend on the West?
The Russian oil industry is heavily dependent on imports. Over the past four years, this dependence has been reduced by only 8 percent. The share of foreign automated control systems and software used by domestic oil companies is especially high. These components make up 99% in oil refining, 95% in exploration and development, 80% in storage and transportation, and 85% in production.
The saddest thing is that in Russia there are many interesting scientific and technical developments, but there are many obstacles to their implementation. And if this order does not change, our country may lose the status of one of the largest energy suppliers in the world over time.
Information