Gazprom Neft Advances Shale Oil Projects

摘要

Russia's fourth-largest crude oil producer, Gazprom Neft, is moving on with shale oil projects in its home country despite Western sanctions, which ban shale oil technology and equipment exports to Russia. The oil arm of state-run Gazprom said Wednesday that the first exploration well was drilled in the deeper Bazhenov formations of its Archinkoye field in the Tomsk region. The move is part of Russia's federal project in the Tomsk region to test effective technologies that should help tap hard-to-recover and shale oil reserves.