Institutional aspects of a regional geological survey on the continental shelf of the Russian Federation
About authors
- 1 — State Company «Sevmorgeo»
- 2 — National Mineral Resources University (Mining University)
Abstract
Comprehensive analysis of different institutional models of investments is given for regional geological survey of the Continental Shelf of the Russian Federation. Specific risks of any specific investment model is described. State, general corporate and junior companies models are discussed. National Operator of Marine Petroleum Geological Surveys (NOGS) model is suggested as a reasonable pathway to decline risks and achieve mutual effectiveness of state and private investments. NOGS mission and some functional features as a state-owned public limited company opened for both portfolio and project private investments are shown.