Talk:Bazhenov Formation

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2 trillion barrels?[edit]

I was not able to access the cited Financial Times article, because it is a restricted website, but reserves of 2 trillion barrels are not believable. Remember that "reserves" are, by definition, the amount recoverable by current technology and under current economic conditions; not to be confused with "resource" or "oil in place." Plazak (talk) 13:31, 6 May 2013 (UTC)[reply]

I would guess they mean technically recoverable reserves. But yes, it does sound ridiculous. My guess is its more like 30 billion recoverable with current technology and a price over $120 a barrel. Forbes had an article on the formation: [1] Jørgen88 (talk) 22:34, 23 September 2013 (UTC)[reply]