News Analysis: The World Famous Oil Shale Deposit, Bazhenov Formation (World’s Largest), interests France’s “Total” as well as many other Oil Companies. This Russian Oil Shale Deposit in the Urals is estimated by the U.S. Energy Department to contain Shale Oil in-place of 1.2+ TRILLION Barrels Of Oil. It is also estimated to have recoverable deposits of 74+ BILLION Barrels of Shale Oil.
As for Shale Gas in-place 1.9 QUADRILLION CUBIC FEET is estimated. 285 Trillion Cubic Feet of recoverable Shale Gas may occur.
The Bazhenov Formation exists on 2.3 Million Km2 (888,035 Mi2); an area the size of Texas and the entire Gulf of Mexico!
Estimates by other Countries’ Governmental and Corporate Scientists put the Recoverable amounts considerably higher than U.S. Estimates. That the Oil Shale Deposit, Bazhenov Formation (World’s Largest), interests France’s “Total” should come at no surprise. French Scientists going back to years even before Madame Curie have had great intellect allowing them to comprehend issues others did not even know existed; such is the genius of the French.
As we have stated over the many years: “Petrochemicals are merely part of Natural Processes all over the Earth”. Special Interest Groups want the Public to think otherwise (so they can ‘Make a Buck).
Reality.
Reference: http://rt.com/business/total-lukoil-russia-shale-829/