Attached was published today in trade industry Oilfield Technology. In one place, it gives a picture of Russian O&G industry. Too bad it does not include average depletion rates (perhaps depletion rates are a Russian state secret).
O&G is too important to Russia's economy to not consider when thinking about NADL; O&G its a source of huge hard currency from its exports to Europe and China ... and huge tax revenue for its government. Good info to put in ones NADL file, as a reminder why Arctic drilling is important to Russia's future. ... as we wait ... T.D.