Russia possesses the world’s largest reserves of shale formations, with the Bazhenov field alone estimated to have reserves equating to 2,300 billion barrels. Moreover, a number of performing fields will shift to secondary and tertiary production over the coming decades. However, major Russian energy firms have only recently begun to explore methods to enhance extraction techniques. What are the challenges in bringing Russia’s unconventional extraction online? How might these approaches be adapted to increase the production life of mature fields, and what might be the combined impact on Russia’s energy sector?
Pal Erik Sjatil , Managing Partner for EEMA, McKinsey & Company
Clay Williams , President, Chief Executive Officer, National Oilwell Varco
Alexander Dyukov , Chairman of the Management Board, Chief Executive Officer, PJSC Gazprom Neft
Andrey Kuzyaev , Vice-President, Lukoil; President, Lukoil Overseas
Eric Liron , First Vice-President, Rosneft
Kirill Molodtsov , Deputy Minister of Energy of the Russian Federation
Roman Panov , Chief Executive Officer, Rusgeology