Russia may become world's leader in shale oil production – BP | Russia Beyond The Headlines:
"According to a BP forecast, in 20 years' time, Russia will become the world's second largest tight oil producer. The company's experts estimate that by 2035 it will be producing 800,000 barrels of shale oil a day.
Russia's oil majors confirm BP experts' predictions by declaring that they view unconventional oil production as a priority. A source at Rosneft said that the company's estimated reserves of shale oil stood at about 1.4 billion tons.
In the near future Rosneft expects to increase its unconventional oil production and, through the use of new technologies, arrive at an annual production of 10 million to 15 million tons."
'via Blog this'
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