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Russia expects opening of major oilfields in West Siberia next year

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Staff Writer | October 28, 2016
Sergei Donskoi
Energy in Russia   Minister Sergei Donskoi:

Russian Ministry of Natural Resources expects that large oilfields in West Siberia will be discovered in 2017, Minister Sergei Donskoi said.

"[Discoveries are] expected in the next year. As a rule, work provides a result once in five years, therefore we expect [discoveries of large fields - TASS] in West Siberia in the next year," Donskoi said. Most likely these will be liquid hydrocarbon fields, he said.

No major discoveries are expected this year, the minister said

According to data of the Russian Federal Agency on Subsoil Usage, increment of reserves totaled 730 million tonnes of oil and 1.1 trillion cubic meters of gas in 2015.

Seven certificates ascertaining the fact of discovering hydrocarbon fields were issued last year.


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