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Organizational and Economic Problems of Enhanced Oil Recovery in Russian Fields

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  • D. Ramazanov

Abstract

Modern conditions and problems of development of the oil-production industry in Russia are considered in article. It is shown that the present structure of oil resources will not provide oil production according to estimates of the Energy Strategy to 2020. The program of increasing hydrocarbon exploration for oil fields and provinces accepted by the Ministry of Natural Resources of RF due to inefficient state regulation is lagging behind the schedule. We suggest that the federal program on introduction of modern enhanced oil recovery methods providing both the growth of oil production in the nearest 5-15 years and more efficient use of oil resources through increase of oil extraction ratio be accepted as an alternative strategy of development of oil production. The US experience of effective resources using and its applicability for the Russian oil-production industry are also considered in the article.

Suggested Citation

  • D. Ramazanov, 2007. "Organizational and Economic Problems of Enhanced Oil Recovery in Russian Fields," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    • Handle: RePEc:nos:voprec:y:2007:id:1640
    DOI: 10.32609/0042-8736-2007-8-123-133
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