SERIES TO ASSIST WESTERNERS ANALYZING RUSSIAN OIL, GAS DEALS, DATA

Western Siberia oil and gas data have many idiosyncracies that can cause delays for western geologists and engineers in their evaluation of properties. The authors and their associates have made numerous trips to Russia to review data for the purpose of preparing feasibility studies, drafting Technical Economic Basis of Organization (TEO), and negotiating agreements. Based on this experience, this series of articles will provide geologists and engineers a quicker start in their evaluation of

Nov. 23, 1992

Western Siberia oil and gas data have many idiosyncracies that can cause delays for western geologists and engineers in their evaluation of properties.

The authors and their associates have made numerous trips to Russia to review data for the purpose of preparing feasibility studies, drafting Technical Economic Basis of Organization (TEO), and negotiating agreements. Based on this experience, this series of articles will provide geologists and engineers a quicker start in their evaluation of Russian ventures.

The series assumes readers are seasoned at evaluating oil and gas properties with western type data. The intent is to provide insights into the database, economics, and agreements in Russia.

The five articles will take the reader through the data, discuss geologic and engineering approach to evaluating projects, and review joint venture structure options and their effect on project economics.

This first article deals with log and core data.

Later articles will take in reservoir description; flow rates and production forecasts; feasibility studies: development plan, costs, and economics; and finally deal agreements and licenses.