Sakhalin Oil & Gas – Survey State of the Industry 2019

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* 1. What do you think needs to be done to increase the pace of development of Sakhalin's offshore oil & gas resources?

Attract partners and investors from China

Improve investment conditions in the Russian Far East

Incentives and support to be provided by the Federal Government in Moscow

Increased support from the Sakhalin Regional Administration

Rapid development of the Russian oil & gas and oilfield services’ sector to provide technologies and expertise required for these complex projects

Other (please specify)

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* 2. What are your expectations regarding the future of Western sanctions and their impact on the development of Sakhalin’s projects?

Additional sanctions will be imposed to include more offshore fields and LNG projects

Sanctions will remain as they are currently for the foreseeable future

There will be a permanent ban on the provision of certain technologies

Western sanctions will be lifted by 2025

Western sanctions will be lifted after 2025

Don’t know

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* 3. What do you think the price of oil will be in 2025?

Less than $50 a barrel

Between $50 and $75 a barrel

Between $75 and $100 a barrel

More than $100 a barrel

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* 4. What do you see as the major source of competition for increased Russian gas exports to Asia?

New LNG exports from Australia

New LNG exports from North America

New East African LNG exports

Expansion of LNG exports from Qatar

Renewable and other energy sources (e.g. clean coal in China)

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* 5. What are the prospects for global LNG supply & demand over the next 5 years, 2020 - 2025?

There will be a supply glut – with a large number of new projects coming online and dampened demand from China

There will be a supply crunch – the demand from China and the global need to reduce pollution/emissions will provide ever-growing demand for LNG

The LNG supply/demand equilibrium will remain largely constant – growing demand will be met by the new wave of liquefaction projects

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* 6. What are the prospects for global LNG supply & demand for the period 2025 - 2030?

There will be a supply glut – with a large number of new projects coming online and dampened demand from China

There will be a supply crunch – the demand from China and the global need to reduce pollution/emissions will provide ever-growing demand for LNG

The LNG supply/demand equilibrium will remain largely constant – growing demand will be met by the new wave of liquefaction projects

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* 7. What are the prospects for small-scale LNG in Russia over the next 10 years?

Small-scale LNG will be a huge growth area in Russia – especially to provide lower-emission transport fuel for shipping and haulage

Small-scale LNG has long-term potential in Russia, but the growth will be modest over the next 10 years

Small-scale LNG will not be a significant growth segment in Russia

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* 8. What are the most critical obstacles to reaching positive FIDs on Sakhalin’s LNG projects?

Uncertainty regarding future LNG demand / lack of sufficient LNG buyers

Gazprom / Rosneft politics and other investment priorities

Uncertainty regarding the extension of Western sanctions on LNG projects

Other (please specify)

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* 9. How long do you think it will take for the Russian oilfield services and LNG tech sector to be ready to meet the needs of Sakhalin’s second generation of projects?

1 – 5 years

6 – 10 years

10 – 20 years

More than 20 years

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* 10. What needs to be done to increase the development of innovations in the Russian oil & gas industry?

More effective incentives for R&D investment

Increased development of the venture capital market

Boost the level of competition in the industry

Other (please specify)

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* 11. Which trends and technologies will create the biggest stimulus to Russian oil & gas industry development in the future?

Commercially-viable carbon capture and storage (CCS) technologies (minimising environmental impact)

Automation / unmanned robotics – for remote & subsea operations (enabling operations in remote & subsea locations)

Advanced fracking and EOR technologies (accessing oil & gas that was previously inaccessible)

Digitalisation (achieving higher volumes from less investment)

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* 12. What are the biggest challenges and barriers to digitalisation in Russian oil & gas?

Conservative culture and risk-averse management reluctant to prioritise digitalisation

Perception of high costs & capital investments required

Planning & long-term technology vision

Integration challenges between existing equipment and new technologies

Overcoming cyber-security concerns

Need for staff who are trained and proficient in new software and technologies

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* 13. Given the various scenarios relating to the global energy future, do you think:

Russia is well placed and will continue to prosper - it will be a winner

Russia will find itself becoming an increasingly marginal, high-cost producer - it will be a relative loser

Russia's fortunes will remain unchanged

Russia will succeed in diversifying its economy and its fortunes will no longer be so tied to the global energy system

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* 14. Any other comments that you would like to add to our State of the Industry Survey – Sakhalin Oil & Gas 2019? What are the toughest challenges currently? What are the most promising opportunities?

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* 15. Please tell us your contact details in order to participate in prize drawing of a free 3-day delegate pass to attend Sakhalin Oil & Gas Conference 2019 in Yuzhno-Sakhalinsk on 24 – 26 September 2019.

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