The shale revolution: from science and technology to economics

“Only a country possessing oil extraction technologies for difficult-to-extract crude reserves can be called an oil power today,” says the Mikhail Spasennykh, Director of the Skoltech Center of Hydrocarbon Recovery.

Few traditional oil reserves remain and in order to meet the growing demand from industry, world oil and gas companies need to spend tens of billions on searching for new sources of hydrocarbons. This means shale oil, which is located in rocks with low permeability. Domestic oil giants are not lagging behind their colleagues, and the largest reserves of shale hydrocarbons are located in western Siberia, where active exploration is being conducted and new extraction technologies are being tested.

Mikhail Spasennykh will discuss the fast-changing landscape within the sector, the scientific developments at Skoltech, and the economic and technological aspects of the “shale revolution.” 

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Mikhail Spasennykh – Skoltech Professor, Director of the Center for Hydrocarbon Recovery

Professor Spasennykh graduated from the faculty of technical physics at the Moscow Engineering and Physics Institute. From 1983, he worked at the V. I. Vernadskogo Institute of Geochemistry and Analytical Chemistry RAS in the field of geochemistry isotopes, radioecology, and the mathematical modeling of geochemical processes. He was also a doctoral student of chemical sciences (1990). From 2000, he actively worked in organizing innovation activities in the largest Russian and foreign oil & gas companies. He has been working at Skoltech since 2014.

Audience 16+

The lecture will take place on October 22, 2019, at 19:00 at the Nature Center of Park Zaryadye.

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Contact information:
Skoltech Communications
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