OOO Burovoya Kompaniya Eurasia (BKE) is the largest onshore drilling contractor in Russia
Russia is the world's biggest oil producer, with approximately 10.6 million barrels of oil produced every day, over 70% of which originates in the brownfield regions of Western Siberia and Volga-Urals. These regions have been producing oil for over 60 years and will continue to account for the lion's share of production for at least the next decade. According to the BP Statistical Review of World Energy 2014, Russia contained almost 93 billion barrels of proved oil reserves at the end of 2013, representing almost 24 years of current production.
The Russian economy is highly dependent on the oil & gas industry, with more than 40% of state revenues derived directly from hydrocarbon production. It is a stated strategy of the Russian government to maintain oil production at current levels for the foreseeable future.
The recent history of Russia’s oil industry and parallels with the US market.
The summary of key structural issues facing the Russian oil industry.
The size of the Russia’s oilfield services market by region and activity type.
Characteristics of Russia’s drilling market and RoW comparisons.
Russia’s drilling industry competitive landscape