GREAT NEW FOR US OIL-GAS! Moscow ’s Cheap Oil Era Ends as Hard-to-Recover Reserves Take Over by 2030

[Litwin]

Stop, many of our forum´s members told me (many times ) that Saddam Putsein is winning, who is lying ?

supply of cheap oil is rapidly diminishing, with more than 60 percent of Gazprom Neft’s current production now coming from so-called “hard-to-recover” reserves, the company’s CEO, Alexander Dyukov, confirmed on May 13....
These geologically complex reserves require advanced extraction technologies and state support to remain economically viable.
Speaking at a government meeting, Dyukov noted that maintaining existing output already depends on tapping into expensive extraction sites.
By 2030, more than half of all new oil production in the horde is expected to come from similar sources.

With cost of “black gold” at 15-23 dollars per barrel, Bolshevik empire economy collapsed, and Bolshevik empire itself collapsed, and the "golden" horde (Moscow empire) budget can only be fulfilled only with oil price at $ 42.4 and higher

Russia’s Cheap Oil Era Ends as Hard-to-Recover Reserves Take Over by 2030

Russia's oil production is increasingly reliant on hard-to-recover reserves, with rising costs and sanctions impacting profitability and operations.

united24media.com

 

[Litwin]

 

[Litwin]

I have previously threaded on the subject of the cost for Urals, which excluding far regions - has been quoted as low as $15 p.b

 

[Litwin]

GREECE has to pay for this!