Porezne olakšice za vađenje nafte iz škriljevca
Russia has announced tax deductions on production of hard-to-recover „hard“ oil recently, but that will not be enough for biggest world national oil producers.
Stimulus for around 21% per barrel will transform research economy, stimulating advanced methods of drilling oil from shale.
Rosneft, main state oil company lobbed for that adopted concessions-“This regime will not be catalyst for big increase in oil sector in 2014-2015, but that can change configuration during five years period, “ said Aleksej Kokin, energy, industry analyst.
Russian draw more than 10 million barrels a day (BDP), but faces with the challenge for maintaining of this level because oil fields in inside of West Siberia are more and more depleted, and there are no new discoveries since Soviet time.
Anyway, west Siberia still holds huge potential thanks to its small untouched oil reserves, with the biggest Bazhenov Formation which spreads over 2,3 million square meters.
According to new regime, Russia will apply zero rate of tax on extracting minerals (MET) for Bazhenov and other Siberian sites under the name Abalak, Khadum on south of Russia and Domanik in region Volga-Ural.
Key point, as experts say, is that Russian state collects majority of income per barrel of oil which is exported above certain price. This price will rise as a result of small oil break, making sure that stimulus works, even if the oil price falls from its current high levels.
With the oil of around 100 dollars per barrel, the save will be around 4,20 dollars per barrel for majority accessible, and 21 dollar per barrel for more complicated reserves, said Grigorij Vygon, director of Moscow’s Skolkovo School of Management.
Estimates of Bazhen’s potential vary a lot, and Ministry of natural resources have numbers of 3,7 milliard barrels of its reserves- or a year of Russian oil.
Data of American government estimates that Russian oil reserves stays at 75 milliard barrels, more than 58 milliard barrels holds USA, which is today the leader in oil production from shale.
“It is just the top of iceberg in Russia,” says Emily Stromquist, energy analyst in consultant Eurasia Group, referring to Russian estimates.
Ministry of energetics hopes that the new law will enforce share in production of “thin” oil on 11 % of total Russian production till 2020, from weak 0,2 % currently.
Natalia Komarova, governor Khanty-Mansiiska says that Russia is the biggest oil producer in region and place of majority of Bazhen’s reserves, so daily production could rise to 400 000-600 000 barrels till 2020.
Norway state company has around 134 000 hectares (330 000 hectares) in Nakken and agreed with Rosneft earlier this year in order to explore possibility of oil exploitation from shale in Russia. Rosneft has also joined with Exxon in development of “solid” oil in west Siberia. Surgutneftegas, Gazprom Neft, Royal Norway Shell, Lukoil and RusPetro also develop so called thin oils.
Rosneft holds around 11 milliard barrels of oil reserves, and new law will enable keeping production in its traditional regions, such as Khanty-Mansiisk and Tyumen.
In order to accomplish the aim of Ministry of energetics of around 440 000 barrels a day in narrow oil production, Russia will have to double the number of horizontal drillings made in west Siberia in future few year from almost 800 drilled last year.
This means that first industrial sector boom could be services oil fields, where market leader Eurasia Drilling (EDC) prepares for activity increase.
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