ISSN 1999-6942

Scientific-economic journal

PROBLEMS OF ECONOMICS

AND MANAGEMENT OF OIL AND GAS COMPLEX

February 2015                                              ¹ 2                                      12 issues per year

 

CONTENŅS

 

STRATEGY

 

Ponomarev V.N. "Integrated safety and security of industry and energetics" Technological Platform is the basis of technological modernization of the country (p. 4-12)

 

Ilinsky A.A. The role of ″Alternative sources of hydrocarbons″ Technological Platform in solving of strategic objectives in oil and gas industry (p. 12-17)

 

Berezhnaya L.I., Livshits F.N. And you are also right… Some aspects in relation to the problem of formation of oil world price (p. 18-23)

 

ECONOMICS

 

Idigova L.M., Khadjieva M.M., Amadaev A.A. Establishment of the Chechen Republic oil and gas company: urgency and practical possibilities (p. 23-27)

 

Bogatkina Yu.G., Eremin N.A., Lyndin V.N. Some problems in relation to taxation of independent oil companies in Russia (p. 28-31)

 

Poleshchuk M.S. Analysis of innovative activity priority guidelines of russian and foreign oil and gas companies (p. 31-37)

 

Lutsenko G.L. Electricity options as a mechanism of investors’ activity stimulation (p. 38-42)

 

ORGANIZATION AND MANAGEMENT

 

Berezina A.A. Applicability of a smart field concept in response to the modern problems of oil and gas producing industry (p. 42-46)

 

Information on the articles (p. 47-51)

 

 

Information on the articles

 

UDC 553.98.042.003.1(470+571)

 

"INTEGRATED SAFETY AND SECURITY OF INDUSTRY AND ENERGETICS"

TECHNOLOGICAL PLATFORM IS THE BASIS OF TECHNOLOGICAL MODERNIZATION

OF THE COUNTRY (š. 4)

 

Vladimir Nikolaevich Ponomarev

 

Institute of Problems of Safe Development of Nuclear Energy Industry, RAS

52, Bolshaya Tulskaya str., 115191, Moscow, Russian Federation,

e-mail: vnp1945@mail.ru

 

The article describes the technological platforms activities, which are a communication tool aimed at stepping up efforts to develop advanced commercial technologies, new products (services) to attract additional resources for research and development, formed on the basis of public-private partnership, to improve the regulatory legal framework in the field of science and technology, innovation development. The problems and difficulties that arise in the way of technological platforms development are considered as well. The large part of the article deals with the "Integrated Safety and Security of Industry and Energy" Technological Platform (TP ISSIE), approved under the number 34 by the decision of the Council on economic modernization and innovative development of Russia under the President of the Russian Federation. on 31.07.2013.

It is an analogue of the "Industrial Safety" European Technology Platform.

Its coordinators are as follows: Institute of Problems of Nuclear Energy Safe Development of RAS and "Kurchatov Institute" Scientific and Research Center. In recent years, N.E. Bauman Moscow State Technical University joined the organizers.

Arguments in favor of the thesis that the requirement to provide the technological, industrial and energy safety and security determine the direction of the vector for technological modernization of the country.

 

Key words: economy; industry; energy; technological platform; mechanism of public-private partnerships; legal and regulatory framework; innovative development; integrated security; modernization of the economy.

 

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UDC 553.98.042.003.1 (470+571)

 

THE ROLE OF "ALTERNATIVE SOURCES OF HYDROCARBONS"

TECHNOLOGICAL PLATFORM IN SOLVING OF STRATEGIC OBJECTIVES

IN OIL AND GAS INDUSTRY (š. 12)

 

Alexander Alexeevich Ilinsky

 

All-Russian Petroleum Research Exploration Institute (FGUP VNIGRI)

39, Liteyny prosp., 191014, St.-Petersburg, Russian Federation,

phone: 8 (812) 579-95-84,

fax: 8 (812) 275-57-56,

e-mail: ailinsky@vnigri.ru

 

The article describes the prerequisites of formation of the "Alternative Sources of Hydrocarbons" Technological Platform. Contemporary problems and effectiveness of the current system of subsoil use while developing and exploiting alternative sources of hydrocarbons are defined. Strategic objectives, structure, priority projects and program activities ("Roadmap") of "Alternative Sources of Hydrocarbons" Technological Platform are determined as well.

 

Key words: problematic field; alternative and hardly-recoverable raw hydrocarbon sources; technological platform; testing fields; roadmap.

 

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UDC 338.5

 

AND YOU ARE ALSO RIGHT…

SOME ASPECTS IN RELATION TO THE PROBLEM

OF FORMATIONOF OIL WORLD PRICE (š. 18)

 

Lyudmila Ilinichna Berezhnaya,

F.N. Livshits

 

I. Gubkin Russian State University of Oil and Gas

65, Leninsky prosp., 119991, Moscow, Russian Federation,

e-mail: efram123@walla.com

 

It is known that oil prices in the world market are influenced by a number of factors. The article presents only those factors that are relevant to contemporary events and will be considered sequentially, by increasing the degree of their priority.

The purpose of the article is to consider the most important factors that influenced the export prices decrease of crude oil in the world market and, if possible, to provide an overall picture of events in the range of information available.

Geopolitical factor means that it is possible that the current decline in oil prices is the result of collusion of several major players in the market, including the United States and the Middle East.

Fundamental factors witness the fact that rates of global economy growth became slow thus leading to oil consumption reduction.

Financial factors say that today derivatives create huge profits for a narrow circle of people, bypassing production of goods and services as well as real economy. It is believed that the current system of oil trade allows the major players to move oil prices in the right direction. Experts estimate that value of speculative component makes from 20 up to 60 % of oil export price.

Psychological effect of speculation on the traders working with physical oil lies in the fact that they are constantly engaged in monitoring of a futures market, taking its traffic for the real trend of the expected price changes and, accordingly, adjust their prices.

 

Key words: oil world price; export prices decline; factors; geopolitics; the world economy; growth rate; Exchanges; oil trade system; derivatives; psychological factors; "shale revolution"; expectations.

 

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UDC 338.45.01

 

ESTABLISHMENT OF THE CHECHEN REPUBLIC OIL AND GAS COMPANY:

URGENCY AND PRACTICAL POSSIBILITIES (š. 23)

 

Lalita Musaevna Idigova,

Mariam Mauldynovna Khadjieva

 

AGI the Academy of Sciences of the Chechen Republic

13, Revolutsia prosp., 364024, Grozny, the Chechen Republic, Russian Federation,

phone/fax: 8 (8712) 22-26-76,

e-mail: L.idigova@mail.ru

 

Anzor Aslambekovich Amadaev

 

Chechen State University

32, A. Sheripova str., 364051, Grozny, the Chechen Republic, Russian Federation,

phone/fax: 8 (8712) 22-23-04,

e-mail: L.idigova@mail.ru

 

The possibilities and targeted strategic guidelines of establishing of a new oil and gas company in the Chechen Republic as well as relevance of this event and the practical possibilities are considered. Oil and gas complex of the Chechen Republic is a resource-consuming and high-tech sectors of the activity. The Republic has sources of valuable natural raw resources, rich experience in oil production and processing as well as large amounts of wastes.

Availability in the region of significant prospective-predicted oil resources of C3 + D1-2 category allows relying on essential growth of the proven reserves in future. There are prerequisites to support oil production by discovering of new oil deposits and by developing of new methods providing oil recovery enhancement out of productive formations. The country is aware of numerous deposits of heavy oil, bitumen and oil shale, the prospect of the development of which is still poorly understood. Oil production from the deposits of the Pre-Caspian shelf is planned in the vicinity of the Republic in the coming years. That’s why, it will be important to develop oil and gas producing and processing companies not as the industry locomotive, but as its basic complex.

 

Key words: oil company; resource-consuming technologies; oil processing; recoverable oil resources.

 

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UDC 336.2:622.276

 

SOME PROBLEMS IN RELATION TO TAXATION

OF INDEPENDENT OIL COMPANIES IN RUSSIA (28)

 

Yulia Gennadievna Bogatkina,

Nikolay Alexandrovich Eremin

 

Oil and Gas Research Institute Russian Academy of Sciences (OGRI RAS)

3, Gubkin str., 119333, Moscow, Russian Federation,

phone: (499) 331-61-95, 134-16-69,

e-mail: ubgt@mail.ru

 

Viktor Nikolaevich Lyndin

 

I. Gubkin Russian State University of Oil and Gas

65, Leninsky prosp., 119991, Moscow, Russian Federation

 

The article discusses the model of full taxation and the model of a simplified scheme of taxation (USN) adopted for the economic evaluation of the effectiveness of oil fields development owned by Russian independent oil companies (IOCs). It is shown that for small fields with hardly-recoverable oil reserves use of the full taxation makes investment projects economically inefficient because of heavy tax pressure. Significant reduction of the tax burden can be carried out at the expense of adopting of a graduated rate of Mineral Production Tax as well as transition to Simplified Tax System. However, the latter is not feasible for all oil companies. Relevant is the fact that the flexible use of the tax regime for IOCs should promote innovation and investment developments in the oil and gas industry, creation of additional opportunities for participants and achievement of a balance between public and corporate interests.

 

Key words: economic evaluation; oil and gas investment project; taxation model; independent oil companies; design decisions.

 

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UDC 622.323.003.1

 

ANALYSIS OF INNOVATIVE ACTIVITY PRIORITY GUIDELINES

OF RUSSIAN AND FOREIGN OIL AND GAS COMPANIES (š. 31)

 

Maxim Sergeevich Poleshchuk

 

Ufa State Technical University

1, Kosmonavtov str., 450062, Ufa, Republic of Bashkortostan, Russian Federation,

phone/fax: 8 (347) 252-56-00,

e-mail: m_poleshchuk@inbox.ru

 

The article is devoted to the analysis of Russian vertically integrated oil companies’ innovation activity and its comparison to the foreign oil and gas companies’ innovation activity. In recent years there is a trend towards replacement of traditional hydrocarbon sources by unconventional hydrocarbons and alternative energy sources. Russian companies are currently focused on solving short-term objectives aimed at improving operating efficiency. Their innovative activity is almost not focused on the medium term (unconventional hydrocarbons) and long term (alternative energy). The focus of foreign oil and gas companies, in contrast, is shifted to the development of unconventional hydrocarbons and particularly to the use of renewable energy sources. To maintain the technological balance and to preserve the competitiveness Russian companies should implement technologies in unconventional hydrocarbons extraction and to develop alternative energy. To do this they need to possess the tools required for managing the implementation of projects that will be developed with account the risks, the potential of innovation and design activities of a company and others.

 

Key words: innovation activity; vertically integrated oil companies; oil and gas companies; alternative energy.

 

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UDC 338.49

 

ELECTRICITY OPTIONS AS A MECHANISM

OF INVESTORS’ ACTIVITY STIMULATION (š. 38)

 

Galina Leonidovna Lutsenko

 

National Research University "Higher School of Economics" St.-Petersburg branch (NRU HSE – St.-Petersburg)

16, Soyuza Pechatnikov str., 190008, St.-Petersburg, Russian Federation,

phone: 8(812)560-00-91,

e-mail: lytsenko_gail@list.ru

 

The paper considers possibility of using of the electric power options as an alternative to power supply agreements to stimulate investors’ activity in the energy market. The practice of electric power options use in different countries is studied and the assessment of possibility of its introduction in the Russian market is fulfilled. The results of the research reveal the fact that hedging with electric power options use is a promising tool, capable to share risks among market agents and thus to improve the investors’ reaction to market signaling. On the other hand, investors preserve their investment motives due to uncertainty lowering as compared with the free market fluctuations. The strategy of combining the option-based approach with other tools of energy market regulation is also examined in this paper. It is shown that option mechanism in the whole increases stability of electric power market.

 

Key words: investments; electric power options; electric power market; option pricing models.

 

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UDC 338.012

 

APPLICABILITY OF A SMART FIELD CONCEPT IN RESPONSE

TO THE MODERN PROBLEMS OF OIL AND GAS PRODUCING INDUSTRY (š. 42)

 

Alina Andreevna Berezina

 

"Mining" National Mineral Resources University

2, Dvadtsat pervaya liniya, Vasilievsky ostrov, 199106, St.-Petersburg, Russian Federation,

phone/fax: 8 (812) 328-82-53,

e-mail: berezina.ali@yandex.ru

 

Despite the importance and significance of the sustainable development in oil and gas sector, this branch of industry meets a lot of problems such as high degree of major oil and gas fields’ depletion, growth of the oil reserves replacement is lower than quickly growing oil production, poor technical equipment and technologies, poor exploration activities and production methods non-compliance to the latest technical and information progress. Obviously, the oil branch of industry comes across a lot of various problems. At the same time salvation of some of these problems can only make the other ones even worse. The paper analyzes the problems of oil and gas industry and presents some comparative analysis of key economic indicators. Practicability of transition to the smart field concept is proved. Thus, application of smart fields’ projects is not just worthwhile economically and technically for oil and gas industry of Russia but it is compulsory for ensuring its competitiveness and high profits.

 

Key words: smart field; hardly-recoverable oil reserves; oil recovery factor; oil production self-cost.

 

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