By 2018, condensate production will increase by 50% compared to 2014 levels, which will account for around 8% of Russia's total liquids production, according to a report from Wood Mackenzie.
However, researchers caution this will only provide growth in the mid-term, as the development of deeper and tighter reservoirs - such as Russia's Tyumen formation - will be key to maintaining production at current levels thereafter, thus “bridging the gap between the development of conventional sands and unconventional shale plays”, Wood Mackenzie said .
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