2020
The evolution of oil and gas technology
Russia has entered the new century as a world leader in oil and gas reserves. However, after the collapse of the “nineties”, the industry lost many of the competencies accumulated during the Soviet period, and Russian companies were “catching up”. The new era almost did not give time for a quiet development. On the one hand - unforeseen technological opportunities, on the other - changing market conditions, stiff global competition, and essentially, the reduction of hydrocarbon resources. The cumbersome and - as is considered - conservative industry must adapt to new conditions.
