echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Petrochemical News > Russia added 628 million tons of new oil reserves

    Russia added 628 million tons of new oil reserves

    • Last Update: 2023-03-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    According to NEDRADV, by the end of 2021, Russia's A+B1+C1 grade oil and condensate reserves will increase by 628 million tons, and natural gas will increase by 1.
    017 trillion cubic meters
    .
    In contrast, the increase in liquid hydrocarbons in 2020 was 614.
    2 million tons, and the increase in natural gas was 1.
    618 trillion cubic meters
    .

    The increase in reserves is mainly due to further exploration
    of existing fields.
    The Report on the Status and Utilization of Mineral Resources of the Ministry of Natural Resources of the Russian Federation also pointed out that in recent years, mainly small hydrocarbon deposits have been discovered, so about 60% to 85% of the increase in reserves has been achieved through peripheral and deep exploration of
    oil and gas fields.

    In terms of production, oil and condensate production is expected to be 517 million tons by the end of 2021, and natural gas production will reach 740 billion cubic meters
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.