Global challenges and opportunities for Arctic oil and gas projects
Integrated development of hydrocarbon potential is one of the high-priority tasks of the government of Russia policy in the Arctic region. When determining the prospects of oil and gas projects, it may be necessary to envisage ways of responding to large-scale changes in the global energy system, wh...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/15/e3sconf_iirpcmia2023_06007.pdf |
| _version_ | 1797843734122987520 |
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| author | Cherepovitsyn Alexey Rutenko Evgeniya Yudin Sergey |
| author_facet | Cherepovitsyn Alexey Rutenko Evgeniya Yudin Sergey |
| author_sort | Cherepovitsyn Alexey |
| collection | DOAJ |
| description | Integrated development of hydrocarbon potential is one of the high-priority tasks of the government of Russia policy in the Arctic region. When determining the prospects of oil and gas projects, it may be necessary to envisage ways of responding to large-scale changes in the global energy system, which significantly affect the timing, commercial and budgetary efficiency of project activities in the Arctic. The high level of turbulence creates new challenges for the Russian and global oil and gas complex associated with the strengthening of competition in traditional markets of hydrocarbon resources, the progressive development of technological innovation, and changes in the price environment. The main direction of development of the Arctic oil and gas sector should be quick adaptation to new conditions, reassessment of strategic planning systems of key market players, as well as a targeted state policy in relation to the formation of a favorable investment climate and flexible taxation system in the region. For the purpose of the study, an analysis of the factors of instability of the global energy system and their influence on the efficiency of operation of arctic hydrocarbon fields is conducted. The characteristics of the main directions of government policy in the Arctic zone, stimulating the production of hydrocarbons, are given. The potential limitations and opportunities for the implementation of oil and gas projects resulting from the transformation of the global raw materials market are identified and systematized. |
| first_indexed | 2024-04-09T17:10:36Z |
| format | Article |
| id | doaj.art-b6577062f92346da88cb79c8db5aedba |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-04-09T17:10:36Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-b6577062f92346da88cb79c8db5aedba2023-04-20T08:22:29ZengEDP SciencesE3S Web of Conferences2267-12422023-01-013780600710.1051/e3sconf/202337806007e3sconf_iirpcmia2023_06007Global challenges and opportunities for Arctic oil and gas projectsCherepovitsyn Alexey0Rutenko Evgeniya1Yudin Sergey2Doctor of Economic Sciences, Professor, St. Petersburg Mining UniversityPostgraduate, St. Petersburg Mining UniversityFirst Deputy, VIS Group, Moscow, Russian Federation Candidate, St. Petersburg Mining UniversityIntegrated development of hydrocarbon potential is one of the high-priority tasks of the government of Russia policy in the Arctic region. When determining the prospects of oil and gas projects, it may be necessary to envisage ways of responding to large-scale changes in the global energy system, which significantly affect the timing, commercial and budgetary efficiency of project activities in the Arctic. The high level of turbulence creates new challenges for the Russian and global oil and gas complex associated with the strengthening of competition in traditional markets of hydrocarbon resources, the progressive development of technological innovation, and changes in the price environment. The main direction of development of the Arctic oil and gas sector should be quick adaptation to new conditions, reassessment of strategic planning systems of key market players, as well as a targeted state policy in relation to the formation of a favorable investment climate and flexible taxation system in the region. For the purpose of the study, an analysis of the factors of instability of the global energy system and their influence on the efficiency of operation of arctic hydrocarbon fields is conducted. The characteristics of the main directions of government policy in the Arctic zone, stimulating the production of hydrocarbons, are given. The potential limitations and opportunities for the implementation of oil and gas projects resulting from the transformation of the global raw materials market are identified and systematized.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/15/e3sconf_iirpcmia2023_06007.pdf |
| spellingShingle | Cherepovitsyn Alexey Rutenko Evgeniya Yudin Sergey Global challenges and opportunities for Arctic oil and gas projects E3S Web of Conferences |
| title | Global challenges and opportunities for Arctic oil and gas projects |
| title_full | Global challenges and opportunities for Arctic oil and gas projects |
| title_fullStr | Global challenges and opportunities for Arctic oil and gas projects |
| title_full_unstemmed | Global challenges and opportunities for Arctic oil and gas projects |
| title_short | Global challenges and opportunities for Arctic oil and gas projects |
| title_sort | global challenges and opportunities for arctic oil and gas projects |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/15/e3sconf_iirpcmia2023_06007.pdf |
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