Unlike the USA, Russia has way more fossil fuels than it needs for the coming 100 years.
This is what ASPO had to say about Russia's fields in the mid 2000's. Although they are extensive their cost of development will be extremely high. Russia, to date, has relied on a few mega fields which are showing signs of advanced depletion.
Large Fields
Russia,
Samotlor megafield - Smatlor North (TNKBP concession only) - reserves 8.1 billion barrels oil equivalent in place, up to 25% may be recoverable, and 18% has been recovered to date - peaked, production declining at about 9% pa - TNKBP - the Samatlor field was water flooded earlier than necessary, which may have reduced is ability to ultimately recover as much reserve as it should have.
East Siberia -
Vankorskoye - up to 660,00 barrels a day by 2014 - reserves 2.5 billion barrels - Vankor is in an extreme climate, making production very challenging, but flow rates from some wells have been exceptionally good. Most of the 200 plus wells will be horizontally drilled and many will be equipped to monitor oil flow rates to maximise efficient extraction. Production is due 2008, at a level of about 40,000 barrels a day. Ultimate production is expected to be between about 500,000 and 660,000 barrels a day - RosNeft.
East Eurasia - Russia -
Sakhalin basin area 1 - Chayvo field - commenced 2005 - 250,000 barrels a day (anticip. year end 2006) - reserves 2.3 billion barrels oil - ExxonMobil, Rosneft ONGS - will peak 2007 unless the license area is extended. Also has 17 Tcf of gas.
Medium Sized Fields
Central Eurasia - Russia -
Kharyaga - 30,000 barrels a day - reserves of 0.71 Giga barrels, 420 Mb recoverable - Total, Norsk Hydro, Nenets.
Central Eurasia - Russia -
Urals/Volga basin - Romashkino - discovered 1948 - mature field in decline - ultimately recoverable reserves ~ 16 gigabarrels - produced so far ?
Arctic
?2006 - Central Eurasia - Russia - Pechora Sea polar continental shelf -
Prirazlomnoyo - offshore - 155,000 barrels a day expected - peak expected 610,000 barrels in 2010 - proven reserves about 0.61 Giga barrels -Rosneft/Gazprom
Small fields
2009 - Central Eurasia - Russia -
West Salym, Upper Salym and Vadelyp fields - 120,000 barrels per day expected Salym Petroleum Development NV (50:50 Shell:Sibir Energy) - note Upper Salym has already commenced, Vadelyp is expected in 2006
2009 - Central Eurasia - Russia -
West Siberia Uvatskoye project - 60 million tons of oil reserves recoverable - 200,000 barrels a day - TNKBP
Russia has a number of smaller fields in Siberia. As a result of the extremely harsh environment in which they are located their development, if done at all, will be extremely expensive.
Russia -
Verkhnechonskoye - the 'largest' oil and gas field found in East Siberia. Isolated, awaiting the Russian Governments implementation of the Eastern Siberia –Pacific Coast pipeline system. The cost may be 10 billion dollars.The costs of drilling in the harsh Siberian conditions are an enormous barrier to development.
Russia's long term production potential is far from assured. Like so much of the world's remaining petroleum resource most of it is likely to be more expensive to extract than the economy can afford. Falling ERoEI will reduce its value to society to zero.