OGJ Russia January/February 2012

MARKETSPETROLEUM TRADING GLOBAL AND RUSSIA: TRENDS AND EVENTSBy Sam Fletcher’s Market Journal/OGJ, Reuters energy surveys

INTERVIEW WITH MIKE DAVIS, DIRECTOR, MARKET DEVELOPMENT AT THE INTERCONTINENTAL EXCHANGE

NORTH AMERICAN LNG EXPORTS COMPLICATED BY ALTERNATIVE MARKETS, INVESTMENT COSTS OGJ

Biliana Pehlivanova

AROUND THE WORLDINTERVIEW WITH BENTE NYLAND, DIRECTOR GENERAL

OF THE NORWEGIAN PETROLEUM DIRECTORATE

GEOLOGY & GEOPHYSICSINTERVIEW WITH SERGEI DONSKOI, GENERAL DIRECTOR OF ROSGEOLOGIA

EAST SIBERIAN OIL Oleg Prischepa, Lazar Margulis, Yury Podolsky

THE GEOLOGY AND HYDROCARBONS POTENTIAL OF THE KARA SEAVladimir Verzhbitsky, Natalya Kosenkova, Vasily Ananyev, Svetlana Malysheva, Viktor Vasilyev, Roman Murzin, Dmitry Komissarov, Yury Roslov

CLASSIFICATION OF ALGORITHMS APPLICATION DURING SEDIMENTOLOGICAL MODELING Valery Pukharev, Elena Potapova, Olga Malinovskaya

EXPLORATION & DEVELOPMENT EVALUATION OF THE EFFECTIVENESS OF THE OIL WELLS,

TREATED BY CHEMICAL REAGENTSSergey Veselkov, Valentin Grebennikov

SHALE GAS: EUROPEEASTERN EUROPE CAN LEVERAGE ON ITS SHALE GAS POTENTIAL TO REDUCE DEPENDENCE ON RUSSIAN GASJinny Wadhwani

POLAND SHALE GAS COULD CHANGE EUROPEAN SUPPLY MIX OGJ Paula Dittrick

THICK SHALE GAS PLAY EMERGING IN SPAIN’S CANTABRIAN BASIN OGJ Alan Petzet

SHALE GAS PRODUCTION TECHNOLOGICAL POSSIBILITIES AND EQUIPMENT Leonid Gruzdilovich, Nikolai Demyanenko

PROCESSINGWIRELESS TECHNOLOGY IN PROCESS AUTOMATION Alexander Kalinkin

WE ARE VERY ENCOURAGED BY THE GROWING LIQUIDITY OF THE ESPO TRANSACTIONS

Interview with Mike Davis, Director, Market Development at the Intercontinental Exchange, London, who discusses changes in Brent futures trading and the benchmark crude’s characteristics,

and the disparity between Brent and WTI prices; how speculators have influenced the global crisis and how the crisis has influenced exchange trading; and trading the East Siberian ESPO crude on the ICE exchange and on the prospects and development of exchange trading in Russia.

INTERVIEW WITH BENTE NYLAND, DIRECTOR GENERAL OF THE NORWEGIAN PETROLEUM DIRECTORATEBente Nyland, Director General of the Norwegian Petroleum Directorate, told OGJR in an interview about the situation in the country’s oil and gas sector, and about legal and other measures to develop the country’s resource base, despite the active production of hydrocarbons at ageing fields; about the technological and ecological aspects of offshore operations; and about cooperation with Russia.

NORTH AMERICAN LNG EXPORTS COMPLICATED BY ALTERNATIVE MARKETS, INVESTMENT COSTSAt current natural gas prices, North American LNG exports appear extremely attractive. The existence of an alternative market, however, and the size of the required investment add complexity to the prospect.© Oil & Gas Journal, 3 October 2011, p. 130-135.

INTERVIEW WITH SERGEI DONSKOI, GENERAL DIRECTOR OF ROSGEOLOGIAJust over half a year has passed since the Rosgeologia state holding was set up. The new company’s chief, Sergei Donskoi, told OGJR in an interview about the state of geological exploration in Russia today, about Rosgeologia’s role in the replenishment of the country’s mineral resources and about then risks borne by investors in the Russian geological sector.

EAST SIBERIAN OIL: RESOURCE POTENTIAL AND OPPORTUNITIES FOR RAMPING UP PRODUCTIONIn terms of initial total in-place resources, East Siberia ranks second only to West Siberia, and is regarded as Russia’s last onshore region with a potential for creating major new oil- and gas-production centers. At the same time, East Siberia remains one of the country’s little-studied regions. All its oil and gas reservoirs are structurally complex and, as a rule, under-explored. Analysis of current production levels and reserves that have been explored has been used to project potential oil

production levels to 2030 and the main means of achieving this, which is to step up prospecting and exploratory drilling.

THE GEOLOGY AND HYDROCARBONS POTENTIAL OF THE KARA SEADespite the ongoing debate about the Kara Sea’s resources, there is every reason to believe that the potential of this most hydrocarbon-rich Arctic sea will grow even more as the result of geological work being carried out there. Hence the need to study its geological structure. Analysis and collation of all geological studies from the region, the reinterpretation of seismic data and comprehensive modeling have confirmed the high hydrocarbons potential and good prospects for prospecting oil and gas fields on the Kara Sea shelf.

EASTERN EUROPE CAN LEVERAGE ON ITS SHALE GAS POTENTIAL TO REDUCE DEPENDENCE ON RUSSIAN GASEastern Europe has long been dependent on Russia to meet its natural gas requirements. Shale gas resources in Eastern Europe have the potential to provide adequate natural gas to these countries to meet their increasing domestic demands. Following the success of shale gas development in the US, gas shale’s in Eastern Europe, if developed successfully, have the potential to help this region to reduce its dependence on Russian gas imports.

POLAND SHALE GAS COULD CHANGE EUROPEAN SUPPLY MIXPoland’s push toward exploration, development, and anticipated production of shale gas appears to have become almost a national mission for the European nation seeking to break its reliance upon conventional Russian natural gas and to eventually become a supplier to the European gas market.© Oil & Gas Journal, 7 November 2011, p. 36-40.

THICK SHALE GAS PLAY EMERGING IN SPAIN’S CANTABRIAN BASINSpain, with fifth of the world’s liquefied gas import terminals, is the world’s third biggest LNG importer. Spain would therefore like to develop its own resources, which are not that plentiful. Wells drilled during the 1950s in the country’s north revealed shale gas plays. Now, a group of oil companies intends to drill a first two appraisal wells in the Basque Country.© Oil & Gas Journal, 5 December 2011, p. 52-53.

SHALE GAS PRODUCTION TECHNOLOGICAL POSSIBILITIES AND EQUIPMENTThe article looks at the technological opportunities and equipment for producing share gas in their most cost-intensive aspects, which are horizontal well-drilling and flow stimulation. Illustrates the main stages and capabilities of coiled tubing rigs for sidetracking and hydrofracturing.

Oil & Gas Journal Russia ogjrussia@ogjrussia.com tel. +7 (495) 228 34 75

BRENT

DUBAI

ESPO

WTI/ASCI

Великобритания

и Норвегия

Brent

Forties

Oseberg

Ekofisk

Flotta

Foinaven

Gulfaks

Россия и СНГ

Urals

Siberian Light

Azeri Light

Персидский залив

Arab Light

Burgan (Kuwait)

Iranian Heavy

Iranian Ligh

Юго-Восточная Азия,

Австралия

Bach Ho

Mina

CossakАфрика (Судан)

Dar Blend,

Nile Blend

Средиземноморье

Suez Blend

Algerian Light

Es-Sider

Brega

Африка (Нигерия, Ангола,

Конго)

Bonny Light

Brass River

Escravos

Forcados

Qua Iboe

Cabinda

Hungo

Nemba

N’Koss

0 120Miles

0 193Km

26°24°22° 20°18°16°14°

54°

52°

50°

Гданьск

Быдгощ

Варшава

Люблин

Брест

Берлин

Мазурско-Белорусскаявозвышенность

Люблинский бассейн

Подляшскийбассейн

Балтийский бассейн

Трансевропейскаяприразломная областьПродольный сброс

Столицы государств

Крупные города

неперспективные

перспективные

Бассейны битуминозных сланцев

Балтийское море

Германия

Калининградская обл.

Литва

Белоруссия

Украина

СловакияЧехияЧехия

Польша

П о л ь ш а

Рассматриваемаятерритория

Источник: Advanced Resources International Inc./EIA

Буровое оборудованиеи его мобилизацияОбустройство площадкиОбсадные колонныПроходка, цементирование, топливо и проч.

Расходы на бурение – 50% Расходы на стимулирование – 50%

Стимулирование притокаПерфорация, промывка, водооборотТрубы и наземное оборудование

Норильск

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ВАНКОРСКОЕ

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Ю.-СОЛЕНИНСКОЕ

ТАГУЛЬСКОЕРУССКО-РЕЧЕНСКОЕ

МАНГАЗЕЙСКОЕ

РУССКОЕ

ЗАПОЛЯРНОЕ

ПРОМЫСЛОВОЕ

ЛОДОЧНОЧНОЕ

ХАЛЬМЕР-ПАЮТИНСКОЕ

ПЯКЯХИНСКОЕ

В.-МЕССОЯХСКОЕ

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КАЗАНЦЕВСКОЕ

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1 2 3 4 5

1- граница НГП; 2- границы НГО Западно-Сибирской НГП; 3- месторождения нефти и газа;4- нефтепровод; 5- Западная граница Красноярского краяНГО Западно-Сибирской НГП: 1 – Елогуй-Туруханская, 2 – Пур-Тазовская, 3 – Гыданская

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Источник: Норвежский нефтяной директорат

Газ (40МДж)КонденсатГазоконденсатНефть