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    Arctic rush

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    Viktor
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    Re: Arctic rush

    Post  Viktor on Fri Apr 04, 2014 2:40 pm

    Russia will next year submit Artic Continental Shelf Claim to the UN  russia  thumbsup 


    Russia to Finalize Artic Continental Shelf Claim This Fall

    Viktor
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    Re: Arctic rush

    Post  Viktor on Tue Apr 22, 2014 3:35 pm

    Nice  thumbsup 

    Russia to create united naval base system for ships, subs in Arctic - Putin

    mutantsushi
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    Re: Arctic rush

    Post  mutantsushi on Wed Apr 23, 2014 9:18 am

    GarryB wrote:
    You'd think with all our oil the Gov would see it as a good idea to provide people with cheap fuel @ the gas pump.
    You don't help drug addicts by giving them cheap drugs...
    Russia would be better off if it found other ways to solve its own energy problems... and then sell them to the rest of the world.
    Agreed, this is even a bigger problem in Venezuela, where longstanding (pre-Chavez) policy has sold fuel vastly below market price, or even production cost. There it is worse because it gets smuggled out of country because of the huge profit margins. But even in Russia's case it is a bad idea, the stats for how much energy is needed to create 1$ of GDP growth just are horrible for Russia. To an extent, Russia has large distances and cold climate to deal with, but those should make energy efficiency in other areas all the more important. It is not just about raising the price, but also making serious efforts to increase efficiency, which is the ultimate factor in reducing domestic consumption.

    There is always news about huge oil/gas reserves in Russia, but most of these are in the far north, some off-shore and some in difficult formations, that will be more expensive to extract. To be using up Russia' currently active cheap production costs fields for un-necessary wasteful domestic consumption is just neglectful of Russia's future. Increasing the internal prices now, and putting those funds into efficiency development will only pay back many times over in the future. Of course no reason to jack prices up instantly, but there can still be a trend towards reducing subsidy, conscious of the process to increase efficiency, and targetting subsidies towards the most vulnerable sectors.

    There is also the aspect of spills which affect regions like Komi, destroying nature and resources like fishing while also losing oil. The world's oceans are pushed to the limit, and fishing will be a tight resource in future, so retaining healthy natural fishing is a good resource for Russia to maintain, not to mention ecological and cultural benefits of retaining these areas in good condition.

    Viktor
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    Re: Arctic rush

    Post  Viktor on Mon May 12, 2014 9:46 pm

    Same old same old

    Pentagon saw in the Arctic potential for conflicts

    Viktor
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    Re: Arctic rush

    Post  Viktor on Wed May 28, 2014 3:54 pm

    Nice  thumbsup 

    Russia to send application to UN to expand Arctic shelf

    Austin
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    Re: Arctic rush

    Post  Austin on Wed May 28, 2014 5:16 pm

    Some official news on Russian Reserves

    http://ria.ru/economy/20140528/1009685659.html



    Russia's oil resources will ensure production of 600 million tonnes per year for 30 years


    Scouting resource base oil fields in Russia enough to provide annual production to 600 million tons over the next 30 years, according to the Minister of Natural Resources and Environment Minister Sergei Donskoi, speaking in the Federation Council.


    "The Russian Federation has significant growth potential oil reserves - the most reliable prospective oil resources, which are localized in the country is 12.5 million tons, and inferred resources, characterized by a lower degree of scrutiny, estimated at nearly 50 billion tons."



    Already explored resource base, in principle, sufficient to ensure annual production to 600 million tons over the next 30 years "- said Don.  Laughing 

    The Minister noted that due to the complicated structure is not involved in mining, for their development must take several measures. According to him, in order to maintain current levels of production of hydrocarbons, is developing a range of measures to get the greatest effect on public funding exploration. In addition, the government pays great attention to the development of hard recoverable and unconventional. Adopted economic measures to stimulate the development of such deposits will increase to 2032 annual oil production by an average of 20 million tons and get over this period of more than 60 billion dollars in taxes.



    navyfield
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    Re: Arctic rush

    Post  navyfield on Wed May 28, 2014 8:49 pm

    There are different kinds of reserves ,proven ,potential etc..., most of new reserves are expencive far away and yield less profits then old did...
    Also that production timetable 600 mill T for 30 years is pretty amateurish ,production follows a curve because of geologic and physics reasons.
    Russia has peaked its oil production. Gas is 20 years behind...

    TR1
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    Re: Arctic rush

    Post  TR1 on Wed May 28, 2014 9:31 pm

    navyfield wrote:There are different kinds of reserves ,proven ,potential etc..., most of new reserves are expencive far away and yield less profits then old did...
    Also that production timetable 600 mill T for 30 years is pretty amateurish ,production follows a curve because of geologic and physics reasons.
    Russia has peaked its oil production. Gas is 20 years behind...

    There are new surveying and prospecting methods in the works, that will ensure a much more viable supply than with today's technology.

    Asf
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    Re: Arctic rush

    Post  Asf on Wed May 28, 2014 11:05 pm

    When Russia will run out of oil, we all will live in caves

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    Re: Arctic rush

    Post  Austin on Thu May 29, 2014 11:14 am

    via RT

    Russia's reserves to provide 600mn tons of oil annually for 30 years




    Russia’s oil reserves are enough to provide a yearly extraction of 600 million tons of oil for the next 30 years, RIA Novosti quoted Natural Resources Minister Sergey Donskoi as saying on Wednesday. Russia “has a substantial potential to expand its oil reserves – the most reliable prospective oil resources found in the country make up 12.5 billion tons,” Donskoi said. “The less carefully studied forecast resources are estimated to have 50 billion tons,” he added.

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    Re: Arctic rush

    Post  Austin on Thu May 29, 2014 11:15 am

    How much 600 Million Tons of Oil will cost taking $100 per barrel ?

    Asf
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    Re: Arctic rush

    Post  Asf on Thu May 29, 2014 3:52 pm

    Austin wrote:How much 600 Million Tons of Oil will cost taking $100 per barrel ?
    About 440 billion dollars if I'm correct

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    Re: Arctic rush

    Post  Austin on Thu May 29, 2014 3:58 pm

    Asf wrote:
    Austin wrote:How much 600 Million Tons of Oil will cost taking $100 per barrel ?
    About 440 billion dollars if I'm correct
     
    On mp.net some one calculated on todays price at $109

    600,000,000 x 7.2 x $109 = approx $471 Bn.


    Do you know how much Oil Tax Revenue Russia Government gets as that would determine how much of 440 billion dollar oil sale would Russian Government get as tax revenue ?

    Asf
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    Re: Arctic rush

    Post  Asf on Thu May 29, 2014 5:06 pm

    Austin wrote:
    Do you know how much Oil Tax Revenue Russia Government gets as that would determine how much of 440 billion dollar oil sale would Russian Government get as tax revenue ?
    It's really complicated and depends on many factors (say, the goverment can invest money into a mining company in form of a tax reduction). There are mineral resources mining tax (the tool with what Putin got the country on it's feet), income tax, excise tax, ect. Not to mention taxes paid by oil companies employeers as a private persons and, say, taxes paid by companies who sell equipment to the oil companies. And income of goverment-controlled oil companies is generally a state's money as well

    navyfield
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    Re: Arctic rush

    Post  navyfield on Thu May 29, 2014 8:08 pm

    TR1 wrote:
    navyfield wrote:There are different kinds of reserves ,proven ,potential etc..., most of new reserves are expencive far away and yield less profits then old did...
    Also that production timetable 600 mill T for 30 years is pretty amateurish ,production follows a curve because of geologic and physics reasons.
    Russia has peaked its oil production. Gas is 20 years behind...

    There are new surveying and prospecting methods in the works, that will ensure a much more viable supply than with today's technology.
    people in that branch tend to get over optimistic...

    TR1
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    Re: Arctic rush

    Post  TR1 on Thu May 29, 2014 8:35 pm

    navyfield wrote:
    TR1 wrote:
    navyfield wrote:There are different kinds of reserves ,proven ,potential etc..., most of new reserves are expencive far away and yield less profits then old did...
    Also that production timetable 600 mill T for 30 years is pretty amateurish ,production follows a curve because of geologic and physics reasons.
    Russia has peaked its oil production. Gas is 20 years behind...

    There are new surveying and prospecting methods in the works, that will ensure a much more viable supply than with today's technology.
    people in that branch tend to get over optimistic...

    Just wait and see, you will be shocked.
    Not just in Russia too.

    Austin
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    Re: Arctic rush

    Post  Austin on Thu Jun 05, 2014 7:10 pm

    Initial recoverable resources in Russian Arctic amount to 106 billion

    The initial total amount of recoverable resources in the Russian Arctic is estimated at 106 billion tonnes of oil equivalent, including 69.5 trillion cubic meters of gas, Russian Gas Society President Pavel Zavalny said.

    According to the expert, the U.S. Geological Survey estimated the Russian Arctic’s resources slightly higher at 150 billion TOE.“So far, 60 large hydrocarbon fields have been discovered in the Arctic, of which 43 are located in the Russian sector,” Zavalny said.According to him, the Arctic is home to 30% of the world's undiscovered recoverable gas reserves and 13% of oil reserves.

    Viktor
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    Re: Arctic rush

    Post  Viktor on Sun Aug 10, 2014 3:53 am

    Nice to hear that .... difference will only grow in time !

    Commander in Chief: Russian Air Force did not see the real contenders in the Arctic

    George1
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    Re: Arctic rush

    Post  George1 on Wed Aug 13, 2014 3:07 am

    Putin launches exploration drilling at West Alfa rig in Arctic Kara Sea

    AlfaT8
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    Re: Arctic rush

    Post  AlfaT8 on Wed Aug 27, 2014 3:19 am

    Canada Ready to Use Force Against Russia in the Arctic – Canadian Foreign Minister
    MOSCOW, August 26 (RIA Novosti) - Canada is concerned about Russia’s military expansion in the Arctic and is ready to defend its interests in the region using military force, John Baird, Canadian foreign affairs minister, told the Berlingske newspaper Monday.

    “We are deeply worried and ready to promote and protect Canada’s sovereignty in the Arctic. It’s a strategic priority for us. When it comes to militarization, we would prefer to de-escalate the conflict, but it is clear that we may protect our sovereignty by force,” Baird told the newspaper.......
    http://en.ria.ru/world/20140826/192361923/Canada-Ready-to-Use-Force-Against-Russia-in-the-Arctic--Canadian.html
    Hmm..... wonder how strong the canadian Navy is? Wink

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    Re: Arctic rush

    Post  Mike E on Wed Aug 27, 2014 3:32 am

    AlfaT8 wrote:
    Canada Ready to Use Force Against Russia in the Arctic – Canadian Foreign Minister
    MOSCOW, August 26 (RIA Novosti) - Canada is concerned about Russia’s military expansion in the Arctic and is ready to defend its interests in the region using military force, John Baird, Canadian foreign affairs minister, told the Berlingske newspaper Monday.

    “We are deeply worried and ready to promote and protect Canada’s sovereignty in the Arctic. It’s a strategic priority for us. When it comes to militarization, we would prefer to de-escalate the conflict, but it is clear that we may protect our sovereignty by force,” Baird told the newspaper.......
    http://en.ria.ru/world/20140826/192361923/Canada-Ready-to-Use-Force-Against-Russia-in-the-Arctic--Canadian.html
    Hmm..... wonder how strong the canadian Navy is? Wink

    I bet Russia is so scared of those Victoria-class submarines! One of them could demolish the entire Northern Fleet!  lol!

    mutantsushi
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    Re: Arctic rush

    Post  mutantsushi on Wed Aug 27, 2014 5:31 am

    All this NATO media dross about "brewing Arctic conflict" seems bizarre.
    Russia has pledged to abide by UNCLOSS judgement on EEZ per submitted evidence,
    as have all other Arctic nations with potentially overlapping claims re: EEZ.
    NATO media hyped up some Russia-Norway conflict for many years as well,
    only for Russia to sign an agreement with Norway delimiting the EEZ/maritime boundary.
    That never gets mentioned either as relevant background for Arctic maritime conflicts.
    The US doesn't really seem to have much EEZ claims in Arctic, their only conflict is with Canada.
    But yeah, WW3 is alot more exciting a story I guess.

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    Re: Arctic rush

    Post  Mike E on Wed Aug 27, 2014 5:58 am

    Yeah, like all other things, the US is bloating the Arctic up... It would be great to see some cooperation to retrieve the natural resources there, but that probably won't happen.

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    Re: Arctic rush

    Post  Viktor on Wed Sep 17, 2014 7:14 pm

    New Artic bases are poping out like mushrooms after the rain Very Happy thumbsup

    [url=Ministry of Defense of the Russian Federation: the airfield in the New Earth is ready to receive aircraft]Ministry of Defense of the Russian Federation: the airfield in the New Earth is ready to receive aircraft[/url]

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    Re: Arctic rush

    Post  Mike E on Wed Sep 17, 2014 9:23 pm

    Sweet! The Arctic is going to be "the" strategic focus of the world possibly after Africa (large oil/gas and mineral reserves for both).

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