126 trillion barrels of oil equivalent biomass in Bazhenov Oil shale in Russia

Discussion in 'Europe and Russia' started by Austin, Sep 22, 2012.

  1. Austin

    Austin Regular Member

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    126 trillion barrels of oil equivalent biomass in Bazhenov Oil shale in Russia

     
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  3. W.G.Ewald

    W.G.Ewald Defence Professionals/ DFI member of 2 Defence Professionals

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  4. Austin

    Austin Regular Member

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    Russia turns to shale oil | Petroleum Economist

    Russian Estimates put the figure at 300 billion barrels of oil that alone is equal to the Saudi entire reserves of oil.

    This is pretty huge even if one takes the lower estimate value , discounting the present known reserves and the Arctic reserves on Russian side of arctic.

    Funny the Russian were always opposing Fracking on grounds of environmental concerns which is true to some extent but now they are in to Shale taking help from US giant Exon.

    So all the dooms and prediction of Oil reserves coming to an end by few decades are not really true , mother earth does have lot of oil in there if some one finds it though it gets more expensive to recover but technology has made even that possible.

    It may not be good for Russian economy though they might just choose the easy way out and put dependencies on oil.
     
  5. Austin

    Austin Regular Member

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  6. LETHALFORCE

    LETHALFORCE Moderator Moderator

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  7. Austin

    Austin Regular Member

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    The problem with Shale is it would certainly contaminate ground water so countries that depend on ground water for drinking/farming will have hard times getting shale.

    They use propietary chemical for Shale extraction and they do not share its composition as its company's secret.

    Countries like US and Russia may not face much issue as they do not depend on ground water but in India its a big things.

    Russia has no new technology that can get shale out they have expertise more in offshore drilling but not in shale , US leads in it and Exonn has been contracted by Russian to do that for them.

    But even in US Shale is banned in government land only private land is being explored and countries like french have banned it all together.
     
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  8. Austin

    Austin Regular Member

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    In inhabited areas like Rajasthan or Kutch Region of Gujarat if Shale reserves are found then it is worth exploring.

    Need to do a scientific study to get the exact status of Shale Oil and Gas reserves which can be explored.
     
  9. Austin

    Austin Regular Member

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    It seems the prospects for Shale Gas is quite good for india

    India to Allow Foreign Bids in Shale Gas Licensing - WSJ.com

     
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  10. Austin

    Austin Regular Member

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  11. venkat

    venkat Regular Member

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    so they dont have to make a living by selling rust buckets to India any more!!!!Gorshakov what a fiasco!!!!
     

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