Over the past 20 years, RPI has carried out hundreds of studies on all major segments of the oil and gas industry of Russia, CIS and Eastern Europe.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
Having enjoyed record growth (in both physical and monetary terms) in the period from 2006 to 1H’08, the oilfield services (OFS) sector in Russia has been since struggling to adapt to the changed market environment caused by the global economic downturn.
Apart from a traditional year-on-year perspective on the key market parameters (2001-2009), the report looks at half-year dynamics during the challenging period of 2008-2009 (during each of the 6-month periods of 1H’08/2H’08/1H’09/2H’09 the market environment had its distinctive features), which provides an insight into the patterns of demand for oilfield services on the part of the oil companies.
The report contains detailed examination for 2008 and 2009 of the following market factors and segments by oil companies and main oil regions:
- How substantial was in fact the influence of the economic crisis on the OFS market in Russia?
- How did the main segments react to the distinctive phases of the challenging period of 2008-2009?
- Is the market going to reach its pre-crisis levels and when could this be expected?
- How will the OFS market develop in the next 3-5 years?
Apart from a traditional year-on-year perspective on the key market parameters (2001-2009), the report looks at half-year dynamics during the challenging period of 2008-2009 (during each of the 6-month periods of 1H’08/2H’08/1H’09/2H’09 the market environment had its distinctive features), which provides an insight into the patterns of demand for oilfield services on the part of the oil companies.
The report contains detailed examination for 2008 and 2009 of the following market factors and segments by oil companies and main oil regions:
- oil production: volumes and structure by contribution source
- drilling (exploration and production): volumes, capex
- well workover
- well stock
- hydraulic fracturing
- production stimulation
Introduction
Chapter 1. Oil Production in Russia
1.1 Production by vertically integrated companies (VIOCs) and independent operators
1.3 Capital costs by VIOC: volumes per ton of produced oil
2.1 Production drilling and well stock
3.1 Hydraulic fracturing
Chapter 1. Oil Production in Russia
1.1 Production by vertically integrated companies (VIOCs) and independent operators
- production dynamics
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- key current and prospective production projects
1.3 Capital costs by VIOC: volumes per ton of produced oil
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
2.1 Production drilling and well stock
- key production projects in terms of drilling volumes
- capital costs efficiency per drilling footage
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- drilling footage
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- growth dynamics of new production wells
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- production well stock: usage efficiency (% of active wells)
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- estimated daily flow rates (by new wells and total well stock)
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- key production projects in terms of drilling volumes; reserves growth indicators
- capital costs efficiency per drilling footage
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- drilling footage
- 2001-2009
- H1 2008/H2 2008/H1 2009/H2 2009
- dynamics of operations
- average cost of operation
- number of crews and their performance (number of operations per crew per year)
3.1 Hydraulic fracturing
- dynamics of operations
- efficiency of operations and average flow rate growth per operation
- dynamics of operations
- efficiency of operations and average flow rate growth per operation
- dynamics of operations
- efficiency of operations and average flow rate growth per operation
Figure 3-1 Oil production in Russia from 2001 through 2009 by company, thousand tons per year
Figure 3-2 Oil production in Russia in 1H and 2H of 2008 and 2009 by company, thousand tons
Figure 3-3 Relative changes in oil production in 2008 and 2009 by company, percent change compared to preceding half-year
Figure 3-4 Structure of total oil production by Russian VIOCs from 2007 through 2009, thousand tons per year
Figure 3-5 Structure of total oil production by Russian VIOCs from 2007 through 2009, percent of total production
Figure 3-6 Structure of oil production by Russian VIOCs in 2007, thousand tons per year
Figure 3-7 Structure of oil production by Russian VIOCs in 2008, thousand tons per year
Figure 3-8 Structure of oil production by Russian VIOCs in 2009, thousand tons per year
Figure 3-9 Structure of oil production growth in Russia in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-10 Structure of oil production growth at LUKOIL in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-11 Structure of oil production growth at TNK-BP in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-12 Structure of oil production growth at Rosneft in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-13 Structure of oil production growth at Surgutneftegaz in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-14 Structure of oil production growth at Gazprom neft in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-15 Oil production capex by Russian VIOCs in first and second half-years of 2008 and 2009, million RUR
Figure 3-16 Relative changes in Russian VIOCs’ production capex in first and second half-years of 2008 and 2009, percent change compared to preceding half-year
Figure 3-17 Capex by Russian VIOCs per ton of produced oil in first and second half-years of 2008 and 2009, RUR per ton
Figure 3-18 Crude oil export duty rates from 2002 through 2010, $ per ton
Figure 4-1 VIOCs’ production drilling capex in first and second half-years of 2008 and 2009, million RUR
Figure 4-2 Relative changes of Russian VIOCs’ production drilling capex in 2008 and 2009, percent changes compared to preceding half-year
Figure 4-3 Russian VIOCs’ production drilling capex per drilled meter in first and second half-years of 2008 and 2009, thousand RUR per meter
Figure 4-4 Russian VIOCs’ annual production drilling from 2001 through 2009, thousand meters
Figure 4-5 Russian VIOCs’ production drilling in first and second half-years of 2008 and 2009, thousand meters
Figure 4-6 Relative changes of Russian VIOCs’ production drilling in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-7 Commissioning of development wells by Russian VIOCs from 2001 through 2009, wells per year
Figure 4-8 Commissioning of new development wells by Russian VIOCs in first and second half-years of 2008 and 2009, wells
Figure 4-9 Relative changes of number of development wells commissioned by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-10 Russian VIOCs’ development well stock changes from 2001 through 2009, wells
Figure 4-11 Russian VIOCs’ production well stock changes from 2001 through 2009, wells
Figure 4-12 Effectiveness of utilization of Russian VIOCs’ well stocks from 2001 through 2009, percent
Figure 4-13 Flow rates of Russian VIOCs’ development wells from 2001 through 2009, tons per day
Figure 4-14 Calculated flow rates of Russian VIOCs’ development wells in first and second half-years of 2008 and 2009, tons per day
Figure 4-15 Calculated flow rates of Russian VIOCs’ new development wells from 2001 through 2009, tons per day
Figure 4-16 Total production effect from new wells brought on stream by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 4-17 Total production effect from new wells brought on stream by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 4-18 Russian VIOCs’ exploration drilling capex in first and second half-years of 2008 and 2009, million RUR
Figure 4-19 Relative changes of Russian VIOCs’ exploration drilling capex in 2008 and 2009, percent changes compared to preceding half-year
Figure 4-20 Capex in exploration drilling per drilling meter, thousand RUR per meter
Figure 4-21 Russian VIOCs’ annual exploration drilling meterage from 2001 through 2009, thousand meters
Figure 4-22 Russian VIOCs’ exploration drilling meterage in first and second half-years of 2008 and 2009, thousand meters
Figure 4-23 Relative changes of Russian VIOCs’ exploration drilling in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-24 Number of workover jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 4-25 Russian VIOCs workover costs from 2001 through 2009, million RUR
Figure 4-26 Average cost of one workover job at Russian VIOCs from 2001 through 2009, thousand RUR
Figure 4-27 Average effective number of workover crews at Russian VIOCs from 2001 through 2009, crews
Figure 4-28 Number of jobs per workover crew at Russian VIOCs from 2002 through 2009, jobs
Figure 5-1 Annual number of hydraulic fracturing jobs performed by Russian VIOCs from 2004 through 2009, jobs
Figure 5-2 Number of hydraulic fracturing jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-3 Relative changes in the number of fracturing jobs performed by Russian VIOCs in first and second half- years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-4 Total production effect from hydraulic fracturing performed by Russian VIOCs from 2004 through 2009, thousand tons per year
Figure 5-5 Calculated production effect from one hydraulic fracturing job performed by Russian VIOCs from 2004 through 2009, thousand tons
Figure 5-6 Total production effect from hydraulic fracturing performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-7 Total production effect from hydraulic fracturing performed by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 5-8 Number of artificial lift optimization jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 5-9 Number of artificial lift optimization jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-10 Relative changes in the number of artificial lift optimization jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-11 Production effect from artificial lift optimization jobs performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-12 Calculated production effect from one artificial lift optimization job performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-13 Total production effect from artificial lift optimization performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-14 Total production effect from artificial lift optimization performed by Russian VIOCs in second half- years of 2008 and 2009, thousand tons
Figure 5-15 Number of bottomhole stimulation jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 5-16 Number of bottomhole stimulation jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-17 Relative changes of number of bottomhole stimulation jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-18 Production effect from bottomhole stimulation jobs performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-19 Calculated production effect from one bottomhole stimulation job performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-20 Total production effect from bottomhole stimulation performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-21 Total production effect from bottomhole stimulation performed by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 6-1 Forecasted oil production by Russian VIOCs from 2010 through 2015, million tons per year
Figure 6-2 Forecasted annual production drilling performed by Russian companies from 2010 through 2015, million meters
Figure 6-3 Forecasted annual exploration drilling performed by Russian companies from 2010 through 2015, thousand meters
Figure 6-4 Forecasted annual hydraulic fracturing performed by Russian companies from 2010 through 2015, thousand jobs
Figure 6-5 Forecasted annual artificial lift optimization performed by Russian companies from 2010 through 2015, thousand jobs
Figure 6-6 Forecasted annual bottomhole stimulation performed by Russian companies from 2010 through 2015, thousand jobs
Figure 3-2 Oil production in Russia in 1H and 2H of 2008 and 2009 by company, thousand tons
Figure 3-3 Relative changes in oil production in 2008 and 2009 by company, percent change compared to preceding half-year
Figure 3-4 Structure of total oil production by Russian VIOCs from 2007 through 2009, thousand tons per year
Figure 3-5 Structure of total oil production by Russian VIOCs from 2007 through 2009, percent of total production
Figure 3-6 Structure of oil production by Russian VIOCs in 2007, thousand tons per year
Figure 3-7 Structure of oil production by Russian VIOCs in 2008, thousand tons per year
Figure 3-8 Structure of oil production by Russian VIOCs in 2009, thousand tons per year
Figure 3-9 Structure of oil production growth in Russia in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-10 Structure of oil production growth at LUKOIL in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-11 Structure of oil production growth at TNK-BP in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-12 Structure of oil production growth at Rosneft in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-13 Structure of oil production growth at Surgutneftegaz in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-14 Structure of oil production growth at Gazprom neft in first and second half-years of 2008 and 2009, percent of total production growth
Figure 3-15 Oil production capex by Russian VIOCs in first and second half-years of 2008 and 2009, million RUR
Figure 3-16 Relative changes in Russian VIOCs’ production capex in first and second half-years of 2008 and 2009, percent change compared to preceding half-year
Figure 3-17 Capex by Russian VIOCs per ton of produced oil in first and second half-years of 2008 and 2009, RUR per ton
Figure 3-18 Crude oil export duty rates from 2002 through 2010, $ per ton
Figure 4-1 VIOCs’ production drilling capex in first and second half-years of 2008 and 2009, million RUR
Figure 4-2 Relative changes of Russian VIOCs’ production drilling capex in 2008 and 2009, percent changes compared to preceding half-year
Figure 4-3 Russian VIOCs’ production drilling capex per drilled meter in first and second half-years of 2008 and 2009, thousand RUR per meter
Figure 4-4 Russian VIOCs’ annual production drilling from 2001 through 2009, thousand meters
Figure 4-5 Russian VIOCs’ production drilling in first and second half-years of 2008 and 2009, thousand meters
Figure 4-6 Relative changes of Russian VIOCs’ production drilling in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-7 Commissioning of development wells by Russian VIOCs from 2001 through 2009, wells per year
Figure 4-8 Commissioning of new development wells by Russian VIOCs in first and second half-years of 2008 and 2009, wells
Figure 4-9 Relative changes of number of development wells commissioned by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-10 Russian VIOCs’ development well stock changes from 2001 through 2009, wells
Figure 4-11 Russian VIOCs’ production well stock changes from 2001 through 2009, wells
Figure 4-12 Effectiveness of utilization of Russian VIOCs’ well stocks from 2001 through 2009, percent
Figure 4-13 Flow rates of Russian VIOCs’ development wells from 2001 through 2009, tons per day
Figure 4-14 Calculated flow rates of Russian VIOCs’ development wells in first and second half-years of 2008 and 2009, tons per day
Figure 4-15 Calculated flow rates of Russian VIOCs’ new development wells from 2001 through 2009, tons per day
Figure 4-16 Total production effect from new wells brought on stream by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 4-17 Total production effect from new wells brought on stream by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 4-18 Russian VIOCs’ exploration drilling capex in first and second half-years of 2008 and 2009, million RUR
Figure 4-19 Relative changes of Russian VIOCs’ exploration drilling capex in 2008 and 2009, percent changes compared to preceding half-year
Figure 4-20 Capex in exploration drilling per drilling meter, thousand RUR per meter
Figure 4-21 Russian VIOCs’ annual exploration drilling meterage from 2001 through 2009, thousand meters
Figure 4-22 Russian VIOCs’ exploration drilling meterage in first and second half-years of 2008 and 2009, thousand meters
Figure 4-23 Relative changes of Russian VIOCs’ exploration drilling in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 4-24 Number of workover jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 4-25 Russian VIOCs workover costs from 2001 through 2009, million RUR
Figure 4-26 Average cost of one workover job at Russian VIOCs from 2001 through 2009, thousand RUR
Figure 4-27 Average effective number of workover crews at Russian VIOCs from 2001 through 2009, crews
Figure 4-28 Number of jobs per workover crew at Russian VIOCs from 2002 through 2009, jobs
Figure 5-1 Annual number of hydraulic fracturing jobs performed by Russian VIOCs from 2004 through 2009, jobs
Figure 5-2 Number of hydraulic fracturing jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-3 Relative changes in the number of fracturing jobs performed by Russian VIOCs in first and second half- years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-4 Total production effect from hydraulic fracturing performed by Russian VIOCs from 2004 through 2009, thousand tons per year
Figure 5-5 Calculated production effect from one hydraulic fracturing job performed by Russian VIOCs from 2004 through 2009, thousand tons
Figure 5-6 Total production effect from hydraulic fracturing performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-7 Total production effect from hydraulic fracturing performed by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 5-8 Number of artificial lift optimization jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 5-9 Number of artificial lift optimization jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-10 Relative changes in the number of artificial lift optimization jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-11 Production effect from artificial lift optimization jobs performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-12 Calculated production effect from one artificial lift optimization job performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-13 Total production effect from artificial lift optimization performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-14 Total production effect from artificial lift optimization performed by Russian VIOCs in second half- years of 2008 and 2009, thousand tons
Figure 5-15 Number of bottomhole stimulation jobs performed by Russian VIOCs from 2001 through 2009, jobs per year
Figure 5-16 Number of bottomhole stimulation jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, jobs
Figure 5-17 Relative changes of number of bottomhole stimulation jobs performed by Russian VIOCs in first and second half-years of 2008 and 2009, percent changes compared to preceding half-year
Figure 5-18 Production effect from bottomhole stimulation jobs performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-19 Calculated production effect from one bottomhole stimulation job performed by Russian VIOCs from 2001 through 2009, thousand tons per year
Figure 5-20 Total production effect from bottomhole stimulation performed by Russian VIOCs in first half-years of 2008 and 2009, thousand tons
Figure 5-21 Total production effect from bottomhole stimulation performed by Russian VIOCs in second half-years of 2008 and 2009, thousand tons
Figure 6-1 Forecasted oil production by Russian VIOCs from 2010 through 2015, million tons per year
Figure 6-2 Forecasted annual production drilling performed by Russian companies from 2010 through 2015, million meters
Figure 6-3 Forecasted annual exploration drilling performed by Russian companies from 2010 through 2015, thousand meters
Figure 6-4 Forecasted annual hydraulic fracturing performed by Russian companies from 2010 through 2015, thousand jobs
Figure 6-5 Forecasted annual artificial lift optimization performed by Russian companies from 2010 through 2015, thousand jobs
Figure 6-6 Forecasted annual bottomhole stimulation performed by Russian companies from 2010 through 2015, thousand jobs
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