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Rosgeology plans to launch a program of integrated exploration of subsoil and geological exploration of oil and gas fields in Eastern Siberia and the Far East
Rosgeologia plans to implement a synchronized program for comprehensive study of subsoil and geological exploration of oil and gas fields in Eastern Siberia and the Far East. This was stated by Gennady Alekseev, First Deputy General Director of Rosgeologia, speaking at the National Oil and Gas Forum.
“In the current foreign policy environment, it has become obvious that in the key export-oriented markets, competitors are not companies, but countries,” he said. - Russia, as you know, competes with other states in the supply of energy resources. To be competitive, our country needs to create conditions for the development of the fuel and energy complex, attracting investments in this area. First of all, this can be the reduction of geological risks for subsoil users through the intensification of geological exploration. It is necessary to ensure that when starting the development of the field, the company can rely in its plans on the most reliable and complete geological information. This is especially important in the territory of Eastern Siberia and the Far East, the geological study of which is low, and at the same time the infrastructure is not developed in the region, it is characterized by inaccessibility and remoteness. "
Rosgeologia is actively working in the regions of the East of Russia, including at the objects of state orders. “In our opinion, it is necessary to switch to turnkey work, performing geological exploration from the prospecting and appraisal stage to putting resources and reserves on the state balance sheet for further transferring the explored fields to subsoil companies for development,” Alekseev noted. - This is possible if you structure the task as an investment project on the principles of project financing. The key problem is the long-term nature of investments in raw materials projects in poorly explored and unsecured areas of infrastructure. It is problematic to attract private investment in the early stages of exploration without long-term planning. ”
Another important task for the development of the oil and gas industry in Russia is the implementation of the import substitution program for exploration equipment. Gennady Alekseev spoke about the capabilities of Russian manufacturers, the prerequisites for diversifying the supply market, and localizing production in the Russian Federation. “If there is an opportunity to conclude long-term contracts, then there is a chance to restore production of competitive equipment, technologies and software in Russia in priority areas of geological exploration,” he said.