Home – Home – Jornals – Russian Geology and Geophysics 2001 number 11-12

The relationship between oil reserves and annual oil production is considered. The correlations between the Russian and American resource classes are discussed in the context of the difference in this relationship in Russia and USA.
The notions of quality of explored reserves (reserve concentration, well production rate, and recovery of initial reserves) and inferred resources (concentration of the initial total resources and degree of their exploration) are considered. Depauperation of residual resources of various classes during their development is inferred.
The main results of prediction of petroleum production in Russia in the 21st century are reported. The peak of oil production is expected to be in 2020, and of gas production, in 2030. A decrease in oil production to 2.0-1.8 10⁸ tons and in gas production to 3.5–10¹¹ m³) is expected by 2100.