Digital transformation is one of the global trends that has covered most sectors of the economy and industry. For oil and gas companies, the implementation of digital technologies has become not just a trend, but one of the factors for ensuring competitiveness and maintaining a stable position in the market in a rapidly changing macro environment. At the same time, the process of digital transformation, despite the positive effects achieved, is complicated and is associated with high technological, financial and economic risks. The aim of the study is to develop a novel system for assessing the applicability of digital projects in the oil and gas industry. The methods applied include The Norton and Kaplan Balanced Scorecard (BSC), Gartner curve, expert methods, tools to assess the efficiency of the investment projects. The study summarizes foreign experience in the implementation of digital technologies in the practice of oil and gas companies, identifies unsolved problems and promising directions to use of digital technologies, substantiates fundamental provisions for assessing the economic effect of their introduction. The system of criteria suggested is based on four key pillars: the level of digital maturity of the company, the compliance of technology with the goals, the level of technology’s reliability, and the level of projects’ innovativeness. Particular attention is paid to the practical application of the results achieved on the example of the digital project implemented by the Russian oil and gas company.
Development of hydrocarbon resources in the Arctic is one of the priority tasks for the economy of the Russian Federation; however, such projects are associated with significant risks for the environment of nearby regions. Large-scale development of hydrocarbon resources in the Arctic should be based on the principles of sustainable development, which imply a balance between socio-economic benefits and environmental risks. The purpose of this study is to analyze the gaps in scientific knowledge on the issues of assessing sustainability of Arctic oil and gas projects (OGPs) and systematize the key problematic elements of such assessments. The analysis was carried out in terms of four key elements that determine the feasibility of implementing Arctic OGPs in the context of sustainable development: economic efficiency, social effects, environmental safety and technological availability. The methodology for conducting bibliometric analysis, which included more than 15.227 sources from the Scopus database over the period of 2005-2020, was based on PRISMA recommendations for compiling systematic reviews and meta-analyses. Methodological problems of assessing sustainability of Arctic OGPs were mapped and divided into four key sectors: consideration of factors that determine sustainability; sustainability assessment; interpretation of assessment results; sustainability management. This map can serve as a basis for conducting a series of point studies, aimed at eliminating existing methodological shortcomings of the sustainable development concept with respect to Arctic OGPs.
Prevention of catastrophic effects of climate change is one of the most pressing challenges of this century. A prominent place in the low-carbon development system today is carbon capture and storage technology (CCS). This technology can significantly reduce greenhouse gas emissions, leading to global warming. Effectiveness of technology has been proven through successful implementation of a number of CCS projects. CCS projects are implemented in the context of national and often international interests, consolidating efforts of many parties. Sequestration projects involve government bodies, public, industrial and scientific sectors, as well as a number of other business structures. Each participant presents his own expectations for results of the project, which can compete among themselves, creating threats to its successful implementation. World experience in implementing CCS projects indicates that opposition from a certain group of stakeholders can lead to closure of a project, therefore, interaction with environment is one of the key elements in managing such projects. This study focuses on specifics of stakeholder management in implementation of CO 2 sequestration projects. Based on the analysis of world experience, role of the state, business and society in such projects is determined, their main expectations and interests are summarized. The main groups of stakeholders of CCS and CCUS (carbon capture, utilization and storage) projects were identified, differences in their interests and incentives to participate were analyzed. It is proved that system of interaction with stakeholders should be created at the early stages of the project, while management of stakeholders is a continuous process throughout the life cycle. An author’s tool is proposed for assessing degree of stakeholder interest, the use of which allowed us to determine interaction vectors with various groups of stakeholders.
The comprehensive development of the mineral and raw materials potential of the Arctic regions of Russia is a complex strategic task requiring the use of modern methods for planning spatial development of territories. One of such methods is the organization of cluster formations as an effective tool for implementing innovation policy. Consolidating the efforts of many participants, diversified territorial clusters become the main points of growth, the multiplier effect within which has a positive impact both on the economy of the region and the country in general. The high level of risk and the significant costs of Arctic raw material projects make it impossible to implement them simply by accumulating production and financial resources, which makes it necessary to model flexible territorial production systems on the principles of integration. The article analyzes the prerequisites for the formation of cluster formations based on the resource potential of the support zones of the Russian Arctic, and the main expected effects from the creation of innovative raw Arctic clusters are revealed. During the study, the expediency of using integration mechanisms in the development of hydrocarbon reserves in technically difficult conditions of the Far North was justified. The strategic analysis of the three Arctic oil and gas projects currently implemented on the principles of clustering – Novy Port, Messoyakha, Yamal LNG, made it possible to conclude that there are sufficient external effects of projects such as creating conditions for the innovative development of related industries, the formation of a high-tech infrastructure framework in the region, the accumulation of experience in the implementation of Arctic projects, the diversification of hydrocarbon exports.
The paper presents an overview of research into the methods and principles used to assess the innovative potential of an oil and gas company. The validation is provided for the conceptual framework of the innovative potential, which is characterized by a combination of resources having a specific value for the oil and gas sector. The paper gives a detailed overview of the resources, which determine the innovative potential of the oil and gas company. A system of indicators for assessing the innovative potential of the oil and gas company, including six indicator groups, has been proposed. Key distinctive features of the oil and gas company technological development have been determined based on the use of potential for innovation at different stages of the field development. Technical and economic indicators of the oil field development at different stages are described. A concept of Intelligent Field technology is outlined, representing an innovative system, implementation of which determines a level to which the potential for innovation of the oil and gas company is tapped.
The development of the Arctic shelf is a strategic long-term objective of the energy development of the Russian Federation. At the present time, resource and economic potential of offshore oil and gas development projects is huge. However, it is constrained by the complexity of developing offshore oil and gas resources due to climatic, geological and technological conditions. In addition, the current unstable situation with world oil prices is also a constraint on largescale involvement in the industrial development of offshore oil and gas resources. The aim of the research is to determine socioeconomic potential of large-scale projects to develop oil fields in the Arctic shelf of Russia. The article presents the peculiarities of developing offshore fields, which are characterized by severe climatic conditions, high environmental risks, unique technological solutions, lack of infrastructure in coastal areas. A comparative analysis of projects to develop land and shelf is performed. The regional authorities’ and businesses capability of implementing large-scale projects to develop offshore fields on economic, social and environmental criteria is identified. The positive and negative effects of socio-economic development of the territory implementing projects of hydrocarbon field development are evaluated. A schematic diagram of the socio-economic potential of hydrocarbon resources development projects reflecting the opportunities and risks of such projects from the perspective of key stakeholders is developed. A set of strategic objectives to successfully implement projects in the Arctic shelf of Russia are proposed. The findings of the research can be used by the departments of energy, industry and mineral resources in the preparation of long-term strategic development programs for the oil and gas industry.
The position of environmental technologies in the modern paradigm of sustainable development of oil and gas industry (OGI) is determined. The role of carbon dioxide capture and storage (CCS) technology as the mechanism of reducing CO 2 emissions is defined. The concept of enhanced oil recovery technologies to the injection of carbon dioxide (EOR-CO 2 ) in the context of OGI sustainable development is developed. The typology of economic incentives for the development and adoption of CCS technologies is suggested. The strategic objectives in the field of scientific research of the CCS technologies development are defined.
The short characteristic of the Yumantylsky field, geological characteristics of the area of works is given. The economic assessment of degreasing of a field is executed, the main methods of an intensification of production of hydrocarbons are presented. The main indicators of efficiency of the project, standards of a capital and operational expenditure are considered, and also the characteristics of the tax system operating at the moment of whiting of article is provided.
The Russian Far East is one of the problem areas where acute issues such as the modernization of the industrial infrastructure (especially transport), lack of qualified personnel, regional development disparities. Sakhalin Region is one of the most developed oil and gas region of the Far East. On the scale of foreign investment Sakhalin oil and gas projects are unique to Russia. These projects have a significant impact on the development of many other sectors of the economy, as: the construction, trade, finance, and services in the Sakhalin region and the Far East. The paper analyzes the main socioeconomic effects of the region in the implementation of the Sakhalin-1 and 2, which are the first large-scale development projects of the Russian shelf with foreign investment.
In this article the authors explored different approaches to assessing synergies in mergers and acquisitions of companies, such as: evaluation based on discounted cash flow; evaluation based on a combination of financial and operational multipliers, and evaluation based on changes in cash flow and brand strength. It is noted that when choosing approaches to evaluation synergic effect resulting from mergers and acquisitions, it is necessary to take into account specificity of oil and gas companies. The article considers internal and external factors that determine the specificity of the oil and gas company as exemplified by «Bashneft, JSC».
To improve the efficiency of the mining sector of the Leningrad Region it is necessary to conduct cadastral valuation of commonly occurring minerals deposits. The article describes a method of cadastral valuation of sand or sand-gravel deposits, and the procedure of determining the minimum and the initial payments for the auction. The most interesting objects for the auction and investments to the exploration and mining on the basis of cadastral valuation is about 50 deposits of sand and sand and gravel deposits of Leningrad region.
The methods of со2 storage are considered. The possibilities of use co2 enhanced oil recovery on depleted fields are substantiated. The criteria of economic estimation CO2 enhanced oil recovery projects are proposed. Possible scenarios of oil production with CO2 injection and volume of green investments are predicted.
Article shows spectrum of specialists’ professional training questions for the marine hydrocarbon field’s development. Number of prepared specialists and quality of got education by graduates in modern high schools, and also requirement of oil and gas complex for highly skilled administrative staff is analyzed. The basic directions for preparation of the qualified experts in the field of innovative development of oil and gas complex are specified and offers on educational process optimization are formulated. The considerable attention of specialists in the area of economics and management, and also complex processing of raw materials is paid.
Identified specific risks that have the greatest impact on the project of development of deposits Kamennomysskoy group. Determined the damage will be inflicted company, inappropriate risk management across the enterprise. Proposed the methods of risk management based on real options.
The main prerequisites for creation oil and gas suppliers cluster are enumerated in given article. Comparison of organization structure of territorial-industrial complexes, developed in soviet period of planned economy, with clusters, which are developing in market economy, is fulfilled. The example of Norway which oil and gas suppliers compete efficiently even on the global markets is given. It was established that successful development of oil and gas suppliers cluster in Murmansk region will let to reach multi-effects and to consolidate interaction between business and State.
Data of utilization of associated petroleum gas according to information of 41 license dale, which exploiting in Tomsk region are analyzed. Analysis of world and domestic experience of associated petroleum gas utilization is carried out. The main direction of rise utilization’s level and criteria of choice associated petroleum gas use are considered. Most economic effectiveness variant of Associated petroleum gas utilization is proposed.
Factors and presuppositions of forming of special fund of fields are determined. Scheme of functioning of special fund of fields, inclusive elements of production share and privileged taxation are proposed. Economic efficiency of special funds of oil and gas fields’ development are defined.
Определены основные составляющие эколого-экономического механизма управления в нефтегазовом секторе. Сформирована концепция экологической стратегии нефтегазовых компаний, учитывающая использование механизмов Киотского протокола. Установлена возможность применения в нефтегазовом секторе экономико-технологических методов снижения выбросов парниковых газов в рамках международных конвенций. Обоснованы мероприятия по совмещению экологических и экономических эффектов в нефтегазовой промышленности при использовании механизмов по сокращению выбросов СО 2 . Определены перспективы получения экономических эффектов от внедрения принципов и механизмов Киотского протокола.
Определены факторы и предпосылки формирования стратегического фонда резервных месторождений. Предложена концептуальная модель формирования нефтегазового стратегического резерва. Определена экономическая эффективность освоения нераспределенного фонда нефтегазовых месторождений Северо-Западного федерального округа как наиболее вероятной основы для формирования фонда резервных месторождений.
Oil production levels under various options are forecasted, taking into account the current state of geological exploration and based on data from research institutes and the oil company. Economic indicators of reserves development and oil production are determined. The comparative economic characteristics of alternative variants of oil production forecast by such indicators as investment, net present value, state capitalized value, profitability index are calculated. The economic feasibility of oil reserves development according to fixed forecasts of oil reproduction and production and taking into account the modern structure of taxation has been determined.
The priority area for development of the gas industry in the North-Western region is the first commercial production of gas from the Shtokman gas condensate field with export to North America and Western Europe. Gas production levels have been determined, taking into account alternative exports via LNG and pipeline systems. Economic results are calculated under conditions where the market price of natural gas is $240 per 1,000 cubic meters. Such economic indicators as investment, net present value, capitalized value, profitability index are calculated. First of all, economic efficiency determines the feasibility of LNG utilization.
The Unified Gas Supply System of Russia (UGSS) is a fundamental element of the national economy, whose reliable and efficient functioning directly affects its normal operation and the livelihood of all Russian citizens. Russia annually consumes 410 billion m 3 of gas, i.e. more than 70% of the total volume of gas produced in the country. The gas industry accounts for 8 % of the GDP structure, provides a significant part of the budget revenues, as well as more than 19 % of the state's foreign currency earnings from gas exports. The gas market in Russia, with a sufficient resource base and unique technological infrastructure, is characterized by a number of disproportions that may become a factor limiting the development of all participants of the gas market in the future. The principles of the system approach to the UGSS research are considered. A brief overview of the current state of all industries operating within the UGSS is presented. The main conditions and directions of reforming the gas market are specified. Problems facing the gas industry are formulated and the main strategic directions of the UGSS sustainable development in the current conditions are outlined.