14.04.2010
Russian Natural Resources Minister Yuriy Trutnev has issued instructions to establish a working group to draft steps to provide economic stimulus for projects that will increase oil production, Prime-TASS has reported. The group will be tasked with preparing a list of pilot projects using innovative methods to develop "difficult" reserves. A second list will identify priority methodologies for increasing oil output which require additional economic stimulus to be implemented. Both lists are to be drafted by May 2010, along with proposals for implementing stimulus mechanisms.
By June 2010, the Ministry, together with Russian oil companies will choose the best proposals for implementing innovative technologies in subsoil development, specifically to improve the profitability of difficult reserves and to recover crude from reserves nearing depletion.