{"id":59776,"date":"2025-09-20T14:24:06","date_gmt":"2025-09-20T11:24:06","guid":{"rendered":"https:\/\/geoconversation.org\/news\/russian-oil-workers-are-betting-on-old-fields\/"},"modified":"2025-09-20T14:24:06","modified_gmt":"2025-09-20T11:24:06","slug":"russian-oil-workers-are-betting-on-old-fields","status":"publish","type":"news","link":"https:\/\/geoconversation.org\/en\/news\/russian-oil-workers-are-betting-on-old-fields\/","title":{"rendered":"Russian oil workers are betting on old fields"},"content":{"rendered":"\n

Russian oil companies are increasingly investing in increasing production at existing deposits<\/a>, reducing the cost of searching for new ones. In 2024, development drilling and stimulation accounted for 72% of capital expenditures versus 68% in 2020. The share of exploration and seismic exploration fell from 32% to 28%. The trend is expected to intensify this year.<\/p>\n\n\n

Experts attribute this transition to economic and geopolitical reasons. Among them are external restrictions, OPEC+ quotas and increased competition in world markets. Intelligence<\/a> new regions remains an expensive and difficult task, especially in the context of sanctions pressure on technology.<\/p>\n\n\n

In these circumstances, three areas are of key importance: horizontal drilling, multi-stage hydraulic fracturing and well workover. These methods make it possible to develop previously inaccessible formations and significantly extend the life of old wells.<\/p>\n\n\n

However, dependence on imports remains in the high-tech segment, such as rotor systems and equipment for offshore platforms. This creates risks for the implementation of complex projects in the Arctic and on the shelf.<\/p>\n\n\n

Analysts believe that the current strategy will ensure stable production over the next 3-5 years. But without a technological breakthrough and new discoveries, stagnation is possible after 2030. Already in 2024, oil production in Russia decreased by 3%.<\/p>\n\n\n

The development of technologies for working with hard-to-recover reserves can give the country up to 30 million tons of additional production annually. This requires systemic government support, including stable tax conditions and the development of domestic equipment.<\/p>\n\n\n

The material was prepared with the support of the Russian Ministry of Education and Science as part of the Decade of Science and Technology.<\/sub><\/p>\n\n\n

Source: @nefte_baza<\/sub><\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Russian oil companies are increasingly investing in increasing production at existing deposits , reducing the cost of searching for new ones. In 2024, development drilling and stimulation accounted for 72% of capital expenditures versus 68% in 2020. The share of exploration and seismic exploration fell from 32% to 28%.<\/p>\n","protected":false},"author":9,"featured_media":25570,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"Russian oil workers are betting on old fields","_seopress_titles_desc":"Find out why Russian oil companies are increasing investment in old fields. Read about key trends and production prospects.","_seopress_robots_index":"","_seopress_analysis_target_kw":"","footnotes":""},"categories":[33],"tags":[334,325],"class_list":["post-59776","news","type-news","status-publish","has-post-thumbnail","category-neft-i-gaz","tag-dobycha-nefti","tag-tehnologii-dobychi"],"acf":[],"pbg_featured_image_src":{"full":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg.webp",1392,752,false],"thumbnail":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-150x150.webp",150,150,true],"medium":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-300x162.webp",300,162,true],"medium_large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-768x415.webp",768,415,true],"large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-1024x553.webp",1024,553,true],"1536x1536":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg.webp",1392,752,false],"2048x2048":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg.webp",1392,752,false],"bricks_large_16x9":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-1200x675.webp",1200,675,true],"bricks_large":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-1200x648.webp",1200,648,true],"bricks_large_square":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-1200x752.webp",1200,752,true],"bricks_medium":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-600x324.webp",600,324,true],"bricks_medium_square":["https:\/\/geoconversation.org\/wp-content\/uploads\/2025\/09\/rossijskie-neftyaniki-starye-mestorozhdeniya-dobyicha_jpg-600x600.webp",600,600,true]},"pbg_author_info":{"display_name":"Lyubov Cherkasova","author_link":"https:\/\/geoconversation.org\/en\/author\/amourallis\/","author_img":false},"pbg_comment_info":" No Comments","pbg_excerpt":"Russian oil companies are increasingly investing in increasing production at existing deposits , reducing the cost of searching for new ones. In 2024, development drilling and stimulation accounted for 72% of capital expenditures versus 68% in 2020. The share of exploration and seismic exploration fell from 32% to 28%.","_links":{"self":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news\/59776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/comments?post=59776"}],"version-history":[{"count":0,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/news\/59776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/media\/25570"}],"wp:attachment":[{"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/media?parent=59776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/categories?post=59776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/geoconversation.org\/en\/wp-json\/wp\/v2\/tags?post=59776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}