Ninety percent of discovered fields contain no more than 5 million tons of oil in Russia. For large industrialists, these are small volumes. Therefore, it is unprofitable for them to invest in such projects. Unlike small companies. According to experts, they are the most efficient in responding to new challenges. According to various estimates, the “little ones” extract from 2 to 4 percent of hydrocarbons and have great development potential.
RNG JSC is an example of the success of a small oil and gas company. In 20 years, it has turned from a small exploration company into an engineering holding, one of the key private investors in Yakutia. The company has invested about 100 billion rubles in its core asset – the Eastern Blocks of the Srednebotuobinskoye oil and gas condensate field, and it continues to invest more than 10 billion rubles annually to the budgets of different levels.
The journalists of Rossiya 24 channel conducted an investigation and found out what disturbs small oil companies’ development and what measures the state should take to support them.