Energy Solutions for the CIS
Few places in the world can equal the number of undeveloped discoveries in the CIS. Just consider the following information from the IRIS database of IHS:
- Russia is the world’s second largest oil producer and the largest gas exporter.
- Western Siberia has approximately 75 percent of the country’s proven and probable oil and gas reserves.
- Western Siberia has produced more hydrocarbons compared with any other country in the world.
- Azerbaijan and Kazakhstan together account for over 90% of the oil reserves of the former Soviet republics that border the Caspian Sea.
- Kazakhstan has the fastest growing hydrocarbon production rate in the world
All the above make Russia and the CIS an excellent prospect for exploration and new ventures. Learn more