“For Russia to maintain production at or above 10 million barrels per day, the investments required are huge. Decline rates in West Siberia are very steep and projects in East Siberia are fairly limited.”

One thought on “Amrita Sen, commodity analyst at Barclays”

  1. Could it be that will all the horizontal drilling the companies have run out of accessable low cost oil near pipelines (economically recoverable)?

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