Are We Missing Russian Oil Megaprojects?

This piece looks at the question of whether the Russian oil production increases of recent years might have been due in part to projects that should have been listed as megaprojects, but went missing due to lack of transparency on the part of Russian companies (or at least lack of transparency to English speaking readers). The tentative answer to the question is “No.”

Instead, it appears that Russian production increases are in large part due to revival of mature Soviet era fields as the Russian economy recovered and as now-private Russian companies applied Western techniques of oil production (and Western contractors) to their fields.

The Oil Drum