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Date submitted2023-11-15
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Date accepted2024-09-24
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Date published2024-12-25
Development and validation of an approach to the environmental and economic assessment of decarbonization projects in the oil and gas sector
- Authors:
- Nadezhda A. Sheveleva
This article addresses the problem of selecting a priority decarbonization project for an oil and gas company aiming to reduce greenhouse gas emissions. The wide range of decarbonization options and assessment methods prompted the development of a comprehensive ranking system for project selection. This system incorporates both internal and external factors of project implementation, a two-stage algorithm that filters out unsuitable projects taking into account sustainable development goals, and a quantitative evaluation approach using absolute and relative indicators. The proposed system evaluates decarbonization projects by considering not only the reduction of emissions in both absolute and relative terms, but also the broader environmental, social, and economic aspects relevant to the oil and gas company and the national economy. It includes a ranking mechanism for identifying priority projects and integrates carbon regulation incentives and green taxonomy tools into the economic assessment for more precise comparative analysis. The quantitative assessment in absolute terms involves a specialized net present value calculation, which accounts for revenue from both carbon credit sales and the potential sale of new low-carbon products, if applicable. The proposed assessment provides for targeted analysis of specific performance indicators, such as the cost per unit of emissions reduced, tax and social security contributions per unit of emissions reduced, energy efficiency improvements, and other indicators used for additional assessments of projects under otherwise equal conditions.
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Date submitted2022-04-07
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Date accepted2023-04-21
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Date published2023-08-28
Development of a new assessment system for the applicability of digital projects in the oil and gas sector
Digital transformation is one of the global trends that has covered most sectors of the economy and industry. For oil and gas companies, the introduction 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, despite the positive effects achieved, digital transformation is a complex process from the point of view of implementation and is associated with high technological, financial, and economic risks. The work aims to develop and test a new system for evaluating the applicability of digital projects in the oil and gas sector. The research methodology includes the application of the Gartner curve, methods of expert assessments, and tools for assessing the economic efficiency of investment projects. The developed assessment system is based on a comprehensive accounting of four components: the level of digital maturity of the company; compliance of the implemented technology with the goals and objectives of the organization; the level of reliability of the implemented technology; the level of innovation of the implemented project. Particular attention is paid to the practical testing of the proposed methodology based on the evaluation of a digital project implemented by a Russian oil and gas company.
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Date submitted2022-06-20
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Date accepted2023-01-10
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Date published2023-08-28
Laboratory, numerical and field assessment of the effectiveness of cyclic geomechanical treatment on a tournaisian carbonate reservoir
Results are discussed for evaluation of effectiveness of the cyclic geomechanical treatment (CGT) on a Tournaisian carbonate reservoir. Analysis of laboratory experiments performed according to a special program to assess permeability changes for Tournaisian samples under cyclic changes in pore pressure is presented. The main conclusion is the positive selectivity of the CGT: an increase in permeability is observed for samples saturated with hydrocarbons (kerosene) with connate water, and maximal effect is related to the tightest samples. For water-saturated samples, the permeability decreases after the CGT. Thus, the CGT improves the drainage conditions for tight oil-saturated intervals. It is also confirmed that the CGT reduces the fracturing pressure in carbonate reservoirs. Using flow simulations on detailed sector models taking into account the results of laboratory experiments, a possible increase in well productivity index after CGT with different amplitudes of pressure variation was estimated. Results of a pilot CGT study on a well operating a Tournaisian carbonate reservoir are presented, including the interpretation of production logging and well testing. The increase in the well productivity index is estimated at 44-49 % for liquid and at 21-26 % for oil, with a more uniform inflow profile after the treatment. The results of the field experiment confirm the conclusions about the mechanisms and features of the CGT obtained from laboratory studies and flow simulations.
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Date submitted2022-04-04
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Date accepted2022-05-13
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Date published2022-07-13
Distribution of trace elements controlled by sector and growth zonings in zircon from a miaskite pegmatite of the Vishnegorsky massif, the Southern Urals
Data on the content and distribution of trace and rare-earth elements (SIMS method) in sectors and growth zones of a large zircon crystal from miaskite pegmatites of the Vishnegogorsky massif are presented. The morphology of the zircon crystal is a combination of a dipyramid {111} and prism {010}. It has been established that the growth sector of dipyramid {111} is characterized by almost one order of magnitude higher contents of Y, Nb, REE, Th; higher Th/U and Eu/Eu* values; REE distribution spectra are flatter compared to prism {010} growth sector. A regular decrease in the content of trace and rare-earth elements in the direction from the central zone to the marginal zone of crystal growth was revealed. A smooth regression of zircon crystallization temperature of zircon from 960 °C in the central zone to 740 °C in the marginal zone of the dipyramid sector and 700-650 °C in the prism sector has been revealed, which may be a reflection of thermal evolution of the crystallization process. It is assumed that crystallization of the central zone of zircon occurred at early stages from a relatively trace-еlement-rich melt. The crystallization was completed at lower temperatures, probably, simultaneously with the formation of REE-concentrating minerals, which resulted in natural decrease of content of trace and rare-earth elements in the melt and, consequently, in zircon crystallizing from it.
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Date submitted2014-11-27
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Date accepted2015-01-15
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Date published2015-10-26
Socio-economic potential of large-scale projects to develop offshore oil and gas: risks and stakeholder expectations
- Authors:
- A. E. Cherepovitsyn
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.
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Date submitted2008-11-21
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Date accepted2009-01-03
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Date published2009-12-11
Financial conglomerates: opportunities for cooperation with mining enterprises
- Authors:
- K. A. Shakhpazov
In this article it is argued whether there are significant opportunities for cooperation between financial conglomerates and the enterprises of the mining industry. The activities of financial conglomerates are not investigated thoroughly yet, as the alliances of that kind are of the relatively recent emergence and are now at the stage of rapid development. Their interactions with other industries have not been deeply researched either. Since the financial conglomerates have major influence on the modern world economical environment, it seems necessary to analyze the probable effect they may trigger in the strategic branch of Russian economy. This theme is particularly interesting nowadays, as the economical crisis demands for the search of new managerial solutions, including the financing sphere.