Oil Rehabilitation 2 Project
Sector: Oil and Gas • Location: Russian Federation
Source: World Bank Group
The Second Oil Rehabilitation Project's principal objectives are to: 1) slow the rate of oil production decline in Western Siberia and thus strengthen the Russian Federation's ability to earn foreign exchange in the near term; 2) transfer international technical, environmental and managerial practice to the operation of oil fields in Western Siberia; 3) promote a more efficient and environmentally
- Status
- Closed
- Sector
- Oil and Gas, Government
- Location
- Russia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Second Oil Rehabilitation Project's principal objectives are to: 1) slow the rate of oil production decline in Western Siberia and thus strengthen the Russian Federation's ability to earn foreign exchange in the near term; 2) transfer international technical, environmental and managerial practice to the operation of oil fields in Western Siberia; 3) promote a more efficient and environmentally sustainable use of Russia's petroleum resources; and 4) through policy consultations, continue past support to sector reforms conducive to attracting the equity and loan finance and international participation necessary to reverse the oil production decline. The project will contain the following broad categories of components: a) rehabiliation of idle wells and facilities where warranted; b) systematic reconstruction of existing field infrastructure for a limited number of fields; c) in-fill drilling in existing fields; d) technical assistance for project implementation and for preparation of field optimization plans and e) equipment and services to help mitigate the effects of oil operations on the environment. |
Original sector | FY17 - Energy and Extractives |
Budget |
Location
Country | Russia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government |
Article published date | 2025-12-17 |
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