Structure of the petroleum sector in Russia

It should be noted that the degree of conformability of foreseen oil fields is very low and there are still a large share of oil wells with high costs of development (of all the oil fields, only 55% have high efficiency). 

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Even in Western Siberia where the most gain of reserves is expected, about 40% of this gain will not be efficient oil fields with extraction volume from new oil wells less than 70 barrels per day. This is the limit of profitability for this region. 

Experts have given reasons for the difficult economic situation in the Russian petroleum sector  

The decline of the oil-extracting industry is caused by complex and interconnected reasons. The exit from the present situation is complicated by the global 

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