Russia’s oil production from its large conventional oil fields in Siberia is showing a gradual decline.
In order for Russia’s state oil company Rosneft to make good on its ambitions to join the oil superleague, it will have to expand production by tapping into technologically more complex fields, including for unconventional sources such as shale oil.
Western sanctions banning the sale of high-tech equipment for deepwater/unconventional oil and gas exploration however make life difficult for Russian companies such as Rosneft.
Anadolu News Agency from Turkey interviewed Sijbren de Jong (HCSS) and Cyril Widdershoven (TNO) about the impact of Western sanctions on Russian shale oil and gas exploration. The whole article can be read here.
