Challenges with the Mega-Projects Development in Russia and Opportunities for International Cooperation

Oil and gas industry in the Russian Federation contribute more than 40% of federal budget revenues and thus its so crutial to find best solutions to its main challenges along with new opportunities for growth. One of the main challenges for the Russian oil and gas industry right now is to maintain and even develop its hydrocarbon resourse base in the regard of sustainable development of the country and its regions. According to the latest data of the State balance of natural resources of the Russian Federation from 01 of January 2016, during 140 years of oil and gas commissioning in Russia 3454 fields were discovered, among them 2462 oilfields, 572 oil and gas fields, 420 gas and gascondencate fields. Leading production area in Russia is Western-Siberian oil and gas megaprovince.