Pp. 325-330 A.T. Panarin, A.V. Fomin RUSSIAN OIL WILL INCREMENT AT THE EXPENSE OF BAZHENOV FORMATION A.T. Panarin, A.V. Fomin Rus-Oil JSC, Moscow, Russia Abstract. <...> Depletion of oil and gas resources of conventional fields determines the search for new sources of hydrocarbons. <...> The world’s largest oil shale formation – Bazhenov Formation has the greatest long-term production potential in the country. <...> Moreover, the BF is located in regions with developed oil and gas infrastructure and its development is of great social importance for the country. <...> However, despite a fairly significant period of the formation research, many of the issues of the geological structure, allocation of productive zones and cost-effective methods of development remain unsolved. <...> Therefore, for a comprehensive study of this unique object it is necessary to attract a wide range of geochemical, geophysical and geological field methods. <...> In recent years, the expansion of pilot projects carried out by both large and medium-sized oil and gas companies contribute to the cost-effective development. <...> Keywords: shale formation, Bazhenov Formation, geological structure, allocation of productive zones, cost-effective methods of development DOI: 10.18599/grs.18.4.11 For citation: Panarin A.T., Fomin A.V. Russian Oil Will Increment at the Expense of Bazhenov Formation. <...> DOI: 10.18599/grs.18.4.11 Russia is one of the recognized world leaders in oil and gas production, but depletion of conventional fields require seeking for a new resource base on scales comparable with the largest developed oil and gas provinces. <...> Development of the Arctic shelf and huge potential of the largest shale formation in the world – the Bazhenov formation (BF) are considered as an equivalent alternatives. <...> If the development of the Arctic shelf is associated with the creation of infrastructure in the severe conditions unfit for human residence, the Bazhenov Formation is developed in areas with existing oil producing infrastructure. <...> Its development in Russia is of great social importance, as the decline in oil and gas production in Western Siberia will affect the economic condition of the country. <...> Thus, evaluation of the resource base of light oil from the BF ranges from 600 million to 174 billion tons (the middle of this range is greater than the total geological reserves of light oil from all known Russian oil and gas provinces combined). <...> Development of reliable <...>