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Федотов Геннадий
Gennady Fedotov
Member of the Management Committee, Vice President, Economics and Planning, PJSC LUKOIL
Quotes
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
The Ministry of Finance presented a counter-initiative – let’s replace all types of existing oil production support measures with the WPT. Perhaps this is also a solution for the future that could work. The WPT could become a common umbrella that includes all tax regimes
04.10.2018
Russian Energy Week 2018
Increasing the Efficiency of Oil Production: Responding to the Challenges
Oil production in Western Siberia accounts for about half of total Russian production. Over the past 8–10 years, the decline in production in the region has averaged 2–3% per year. If these rates of decline are not reduced, production in Western Siberia will decrease by 50 million tonnes in 10 years. It is impossible to quickly build up [oil production] using greenfields, offshore fields, and the shelf