Mother (Russia) lode: Vast extent of oil, gas reserves revealed for first time

Jul 12, 2013 | Posted by: roboblogger | Full story: Russia Taday

According to declassified data Russia holds 17 billion tons of oil and 48 billion cubic meters of gas.

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1 - 7 of 7 Comments Last updated Jul 17, 2013

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#1
Jul 13, 2013
 
Moscow believes revealing the extent of the vast reserves will lead to a surge of investment in the extraction and production of hydrocarbons.

The country’s recoverable oil reserves in the C1 category (proven reserves) totals 17.8 billion tons; category C2 (preliminary estimated reserves) is 10.2 billion tons, according to data collected on January 1, 2012.

Meanwhile, gas reserves were equally bountiful at 48.8 trillion cubic meters C1 category; gas stores of the C2 category is estimated at 19.6 trillion cubic meters.

The Minister of Natural Resources of the Russian Federation Sergey Donskoy said the resource potential for these kinds of mineral resources remains one of the most significant in the world. "I am convinced that the opening of this data will give a powerful impetus to investment in reproduction and production of hydrocarbons,” he said. He also added that Russia’s potential for the mineral resources is one of the most significant in the world.
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Last week, Prime Minister Dmitry Medvedev signed a government decree that removed the lid of secrecy on oil reserve data.
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Before the release of the official data Russia was placed second in the world by gas reserves after Iran, with 32.9 trillion cubic meters, and eighth by crude oil reserves, after Venezuela, Saudi Arabia, Canada, Iran, Iraq, Kuwait and UAE, with 11.8 trillion cubic meters of oil.
US is WARRING SAVAGE

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#2
Jul 13, 2013
 
how long last if export to surrounding countries?

Research time for you Sunshine!

Hello American Sunshine\

HEHHEHEHEHE

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#3
Jul 13, 2013
 
But I'm not good at math!!:((

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Natural gas:

http://www.cbr.ru/eng/statistics/print.aspx...

1,000 cubicft =.0283168 cubic meters
1 cubmet=35.3147 cubic feet

Reserves 48.8 trillion cubic meters (1.72335736 quadrillion cubic ft)

2012 exported 178.8 bill cubic meters (6.31426836 bill cubic ft)

at the same rate = 272.93 years

>>>this site
http://www.eia.gov/countries/country-data.cfm...
6.58448 trill cubic ft (=216,630,363 cubic meters)= 263.317 years

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Oil:
17.8 billion tons (not including C2 preliminary estimated reserves 10.2 billion tons)

roughly 6-8 barrels per tonne.

= 124.6 billion barrels

exports 7.12413 million barrels/day (2.6 billion barrels)

= 47.92 years

http://www.eia.gov/countries/country-data.cfm...

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Gawd I hope I did that right!

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#4
Jul 14, 2013
 
US is WARRING SAVAGE wrote:
how long last if export to surrounding countries?
Research time for you Sunshine!
Hello American Sunshine
HEHHEHEHEHE
Reserves are inexhaustible. Gas and oil nobody put to under the ground. Hydrocarbons formed there constantly from continuous geophysical, geothermal and geochemical processes. All Americans need should be urgently send them to study in the Soviet school!=) Hehehehe (c)Dimitry
jurassic park

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#5
Jul 16, 2013
 
11.8 trillion cubic meters of oil.???

Oil is measured in barrels or tons. Writer must be from old Soviet school.

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#6
Jul 17, 2013
 
jurassic park wrote:
11.8 trillion cubic meters of oil.???
Oil is measured in barrels or tons. Writer must be from old Soviet school.
Nah, that was the natural gas. The oil is listed in tons.

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#7
Jul 17, 2013
 
-sunshine wrote:
Oil

17.8 billion tons (not including C2 preliminary estimated reserves 10.2 billion tons)
roughly 6-8 barrels per tonne.
= 124.6 billion barrels
exports 7.12413 million barrels/day (2.6 billion barrels)
= 47.92 years
http://www.eia.gov/countries/country-data.cfm...
* exports 7.12413 million barrels/day (= 2.6 billion barrels per year)

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