NGO Forum

From: UPI

MOSCOW, Sept. 25 (UPI) — The Kremlin announced that more than 400 participants arrived in the Far East to examine the oil and natural gas potential in the region.

Sakhalin Island plays host to this year’s regional oil and natural gas conference. Russia’s state-run news agency RIA Novosti described the region as the fourth-largest in terms of oil and natural gas reserves. More than 100 million barrels of oil and 800 million cubic feet of natural gas are produced in the region each year.

Russian Prime Minister Dmitry Medvedev said last week the government was considering a special tax regime for economic partners in the Far East and Siberia.

From: Oil & Gas Eurasia

Gas production in Russia could pave the way for successful arctic drilling projects after new techniques helped improve efficiency during the region’s harsh winters.

The creation of Russia’s first LNG plant has meant overcoming a number of obstacles similar to those faced within the Arctic region – an increasingly attractive prospect as proven oil and gas reserves decline.

The success of the programme – which has seen the use of “big bore wells” cutting operating costs and increasing gas flow – is an example of how viable working in such harsh conditions can be.

From: Maritime Executive

Gas production in Russia could pave the way for successful arctic drilling projects after new techniques helped improve efficiency during the region’s harsh winters.

The creation of Russia’s first Liquefied Natural Gas (LNG) plant has meant overcoming a number of obstacles similar to those faced within the Arctic region – an increasingly attractive prospect as proven oil and gas reserves decline.

The success of the programme – which has seen the use of “big bore wells” cutting operating costs and increasing gas flow – is an example of how viable working in such harsh conditions can be.