A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Increasing the Efficiency of Oil Extraction: Meeting the Challenges
5 October 2017
14:00—15:15

Despite a fall in the quality of reserves at existing fields, the volume of oil extracted in Russia over the last five years has increased by 30 million tonnes annually. This is the result of the extended application of secondary and tertiary enhanced oil recovery techniques, penetration of new production regions, and more active development of hard-to-recover and shelf reserves. Within just a year, the volume of horizontal drilling in Russia increased by nearly 20% and accounted for 35% of the total volume of operational drilling, oil recovered on the continental shelf increased by 17%, and development of hard-to-recover reserves by 12%. A full set of measures have been developed and implemented in Russia in order to maintain the level of oil recovery achieved in the present economic environment and reduce reliance on suppliers of high-tech equipment. This includes government support measures for extraction from hard-to-recover reserves, an import substitution programme for critically important equipment, and new advances in scientific research and experimental design. Which technologies could help to increase the efficiency and environmental safety of Russian oil extraction? What projects that have been implemented or are being implemented are helping to reduce technology dependence? Is there potential for increasing recovery from mature and unconventional fields in the current economy?

Date
05.10.2017
Forum
Russian Energy Week
Started at
14:00—15:15
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