Kirill Molodtsov: “The end goal isn’t oil production volume, but technologies”

October 23, 2017

Kirill Molodtsov: “The end goal isn’t oil production volume, but technologies”

Russian Deputy Minister of Energy Kirill Molodtsov said at the plenary discussion ‘Increasing the Efficiency of Oil Extraction: Meeting the Challenges’ during Russian Energy Week that there has been an increase in the production of hard-to-recover oil reserves in recent years.

“We expect to extract roughly 80 million tonnes of hard-to-recover reserves by 2035. The volume of hard-to-recover reserves extracted over the last 3 years has increased annually by 9% on average”, Molodtsov said.

Molodtsov stressed that in the current situation “the end goal isn’t oil production volume, but technologies”. “Horizontal drilling in Western Siberia is has increased by about 30% compared with 2015. We are actively using technologies associated with the development of hard-to-recover reserves. Technologies are being developed by all concerned companies, both vertically integrated companies and purely mining companies”, Molodtsov said.

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02 October 2017 Winners of the third Russian MediaTEK 2017 contest to be awarded during REW 2017

The winners of the Russian contest among the media, the press services of fuel and energy companies, and regional administrations MediaTEK 2017 will be awarded as part of the business programme of the Russian Energy Week international forum on 4–5 October 2017. The contest received roughly 400 works from 55 regions of Russia. The most active regions in terms of the number of applications were the Yamalo-Nenets Autonomous District, Krasnodar Territory, Leningrad Region, Krasnoyarsk Territory, Republic of Tatarstan, Khanty-Mansi Autonomous District, Kemerovo Region, St. Petersburg, and Moscow. The winner in the ‘Best Press Service’ nomination in the ‘National Fuel and Energy Sector Companies’ category was the company IDGC of the North Caucasus, while the winner in the ‘Regional Fuel and Energy Sector Companies’ category was Tatneft. Siberian Coal Energy Company took first place in the ‘Promotion of Fuel and Energy Sector Professions’ nomination among national companies, while the Kirov branch of T Plus along with the Kirov branch of IDGC of Centre and Volga Region – Kirovenergo took the top spot among regional companies. The contest’s Expert Council also established special prizes, which were awarded to 11 participants in the MediaTEK 2017 competition. The awards will be presented as part of REW 2017 by members of the MediaTEK Expert Council, which includes Russian Minister of Energy Alexander Novak, Deputy Head of the Administration of the Russian President and Press Secretary of the Russian President Dmitry Peskov, Dean of the Faculty of Communications, Media, and Design at the Higher School of Economics Andrey Bystritsky, Dean of the Faculty of Journalism at Lomonosov Moscow State University Yelena Vartanova, Interfax Information Agency First Deputy CEO Georgy Gulia, Russian Deputy Minister of Energy Anton Inyutsyn, Russia Today International Information Agency General Director Dmitry Kiselev, Eventica Communications General Director Sergey Kolushev, President of the Global Energy Association for the Development of International Energy Research and Projects Igor Lobovsky, TASS Information Agency General Director Sergey Mikhailov, and Kommersant Newspaper Editor-in-Chief Sergey Yakovlev.

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