麻豆传媒映画

It麻豆传媒映画檚 easy to see why: the country is now the world麻豆传媒映画檚 largest oil-producing nation, pumping about 10 million barrels a day. And while new offshore drilling in countries like the United States is currently off limits, the big draw in Russia is its willingness to engage in increased offshore exploration 麻豆传媒映画� particularly as easier-to-access onshore reserves around the world get depleted.

Indeed, practically all of Russia's large new deposits are in deepwater offshore or inhospitable environments 麻豆传媒映画� or both. As a result, many believe Moscow麻豆传媒映画檚 desire to secure the involvement of IOCs is a matter of necessity, claiming Russia lacks the technology to develop such hard-to-reach deposits efficiently itself. 麻豆传媒映画淭he only option is to cooperate with foreign companies,麻豆传媒映画� says Valery Nesterov, an Analyst at Troika Dialog Bank in Moscow.

Indeed, Western executives are betting that their technical knowledge may help insulate them from Russia麻豆传媒映画檚 political and business vagaries. To pull off the massive production shift into regions that are difficult to develop, Russia will need considerable help in oilfield services; everything from seismic and geological to drilling, wellhead operations, well maintenance and workover provisions, and technical support. All are areas in which international firms excel.

Others, however, suggest the motivation goes deeper than that. Andrew Neff, Senior Analyst at IHS Herold, believes the move to open up to the West is born out of a need for influence as much as it is for assistance. 麻豆传媒映画淚 think the Russian government has a strong desire to take Rosneft to the next level and internationalise the company,麻豆传媒映画� he says. 麻豆传媒映画淚t麻豆传媒映画檚 similar to the strategy that we麻豆传媒映画檝e seen with the Chinese government and the NOCs there. I think the difference here is that the motivation from the Chinese side is greater access to resources, whereas Russia doesn麻豆传媒映画檛 need more oil and gas so much as they have a desire for influence in other parts of the world.麻豆传媒映画�

Neff thinks we will see more in the way of asset swap agreements where in order to get access to the Russian market, foreign firms will have to give up some sort of stake in projects elsewhere. In fact, despite investor concerns in the wake of BP麻豆传媒映画檚 recent problems, he feels that Russia is increasingly open to foreign businesses.

麻豆传媒映画淚 would say that the pendulum is shifting again,麻豆传媒映画� he says. 麻豆传媒映画淔rom 1998 to 2004 it swung in favour of the IOCs; and then after the TNK-BP deal was formed, it swung back towards the Russian firms. I think it麻豆传媒映画檚 now coming back towards the middle, where we麻豆传媒映画檙e seeing more of a partnership agreement. It麻豆传媒映画檚 not necessarily led by the IOCs or by Russian firms, but represents something closer to the middle 麻豆传媒映画� albeit slightly tilted towards the domestics.麻豆传媒映画�

The reason, he explains, is born out of necessity: Russia is trying to plug a budget deficit and stem the future decline of oil production in Western Siberia, and cannot do so without opening up access to its offshore reserves to overseas companies. 麻豆传媒映画淭here麻豆传媒映画檚 a feeling now that some of the foreign investment is welcome; it麻豆传媒映画檚 not just plundering Russia麻豆传媒映画檚 resources,麻豆传媒映画� says Neff, before adding that attitudes are also changing in the West, too. 麻豆传媒映画淚OCs are belatedly coming to grips with the fact that Russia has re-established itself and that they麻豆传媒映画檙e going to have to work with the NOCs as equal partners 麻豆传媒映画� or even take a minority stake 麻豆传媒映画揳nd make their peace with that. The days when IOCs could just come in and act as the project operator 麻豆传媒映画� to the virtual exclusion of the local firms 麻豆传媒映画� are over.麻豆传媒映画�

Investing in Russia麻豆传媒映画檚 oil and gas sector is an issue that will no doubt be on the agenda at the , which takes place at the Imperial Park Hotel and SPA, Moscow Region, Russia from 5 - 7 July. This closed-door summit, hosted by GDS International, features other leading voices in the CIS oil and gas sector, including Didier Casimiro, CEO/President of TNK-BP Commerce; Aleksei Bespalov, CIO at Tatneft; and Valeriy Vasilev, Chief Geologist at Vostokgazprom.

Along with new project development, other key topics for discussion include getting the most out mature fields, implementing an effective health and safety programme, rolling out cutting-edge communications and how to optimise the exploration process.

is an exclusive C-level event reserved for 100 participants that includes expert workshops, facilitated roundtables, peer-to-peer networks and co-ordinated meetings.

Read the article online at: /business-news/19042011/foreign_investment_in_russian_oil_and_gas_projects_is_a_win-win/