Russia to account for all planned oil and gas projects in Former Soviet Union region
According to GlobalData’s latest report, ‘H1 2017 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Former Soviet Union – Russia Leads the Region Despite Recent Production Cuts’, all the planned oil and natural gas projects in the Former Soviet Union (FSU) would be in Russia. The region is expected to witness the start of 29 crude oil and natural gas projects by 2025, all in Russia.
Key upcoming projects in the FSU are expected to contribute around 0.8 million barrels per day (mmbd) to the global crude production and 12 billion cubic feet per day (bcfd) to the global gas production in 2025. About $113bn would be spent in bringing these key planned projects online, of which about $43bn is expected to be spent during 2017 to 2025.
GlobalData’s upstream research suggests Gazprom would lead the region with six planned projects, all of them yielding conventional gas. The other major operators in the FSU region are Surgutneftegas and Rosneft Oil Company with five and two projects respectively.
Major undeveloped discoveries in the FSU include Bolshoye Samotlorskoye in the West Siberian Basin, Russia and Absheron in Azerbaijan.
About this report
The H1 2017 Production and Capital Expenditure Outlook for Key Planned Upstream Projects in Former Soviet Union analytical report from GlobalData Oil & Gas, gives an outlook of production and capital expenditure for key upstream projects in the Former Soviet Union. The report analyzes key upstream projects by country and company in the region for the 2017 to 2025 period. It also provides capex and opex of key planned projects in the region, by country and operator. Details of key planned crude and natural gas projects in the region up to 2025 are provided. Key discovered fields are also listed.