The Bazhenov Formation or Bazhenov Shale is a stratum in the West Siberian basin. It was formed from sediment deposited in a deep-water sea in Tithonian–early Berriasian time. The sea covered more than one million square kilometers in the central basin area. Highly organic-rich siliceous shales were deposited during this time in anoxic conditions on the sea bottom. The sea was connected to the world's oceans and contains trace minerals derived from dissolved minerals and organic materials similar to sapropel sediments in the Black Sea.
In addition to being a prolific deep water marine source rock (it has been called the world's largest oil source rock) the formation is believed to contain substantial reserves of unconventional liquid hydrocarbons in form of tight oil and solid hydrocarbons in form of kerogen. These deposits occur at depths of 2,500–3,000 metres (8,200–9,800 ft) with the thickness from 10 to 44 metres (33 to 144 ft).
An estimate by Wood Mackenzie of the Bazhenov Formation puts oil in place at 2 trillion barrels (3.2×1011 cubic metres). In 2013, the Russian oil company Rosneft estimated recoverable reserves of 22 billion barrels (3.5×109 cubic metres) for the formation. The Russian government agency Rosnedra estimated in 2012 that the Bazhenov contained 180 to 360 billion barrels of recoverable reserves. According to U.S. Energy Information Administration estimates published in June 2013, the total Bazhenov shale prospective area has a resource of a risked tight oil in-place of 1,243 billion barrels (1.976×1011 cubic metres) and a risked shale gas in-place of 1,920 trillion cubic feet (54 trillion cubic metres), with 74.6 billion barrels (1.186×1010 cubic metres) of oil and 1,920 trillion cubic feet (54 trillion cubic metres) of gas as the risked, technically recoverable. Total hydrocarbon resources are estimated in 50 to 150 billion tonnes.
- Ulmishek, Gregory F. (2003). "Petroleum Geology and Resources of the West Siberian Basin, Russia" (PDF). U.S. Geological Survey Bulletin (2201-G): 49. Retrieved 14 October 2012.
- Gavshin, V. M.; Zakharov, V. A. (February 1996). "Geochemistry of the Upper Jurassic-Lower Cretaceous Bazhenov Formation, West Siberia". Economic Geology. 91 (1): 122–133. doi:10.2113/gsecongeo.91.1.122. Retrieved April 1, 2013.
It was formed in a marine basin connected to the world oceans
- Kokorev, V.I.; Darischev, V.I.; Ahmadeyshin, I.A.; Schekoldin, K.A.; Bokserman, A.A. (2013). "The Impact of Thermogas Technologies on the Bazhenov Formation Studies Results". Society of Petroleum Engineers. doi:10.2118/166890-MS. Retrieved 2017-11-07. (Subscription required (help)).
- Lopatin, N.V.; Zubairaev, S.L.; Kos, I.M.; Emets, T.P.; Romanov, E.A.; Malchikhina, O.V. (April 2003). "Unconventional Oil Accumulations in the Upper Jurassic Bazhenov Black Shale Formation, West Siberioan Basin: A Self-sourced Reservoir System". Journal of Petroleum Geology. AAPG. 26 (2): 225–244. Retrieved 2017-11-11. (Subscription required (help)).
- Guy Chazan (March 31, 2013). "Russia gears up for shale boom". The Financial Times. Retrieved March 31, 2013.
- Igor Sechin, New age of oil Archived May 8, 2013, at the Wayback Machine, Rosneft, March 2013
- Nadia Rodova, Will Russia replicate US success in tight oil development?, Platts, 23 August 2012.
- "Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States" (PDF). U.S. Energy Information Administration (EIA). June 2013. Retrieved June 11, 2013.