ISSN 1999-6942

Scientific-economic journal

PROBLEMS OF ECONOMICS

AND MANAGEMENT OF OIL AND GAS COMPLEX

February 2021                         2(194)                    12 issues per year

 

CONTENТS

 

STRATEGY

 

Tomova A.B., Ozdoeva A.Kh. Oil and gas in the new energy strategy of the Russian Federation – 2035 (p. 5‑10)

 

ECONOMICS

 

Sergeeva O.A., Buliskeriya G.N., Petrushkin S.I. Russian petrochemical industry – the time of growth (p. 11‑19)

 

Iutina M.M., Chernyshova E.S., Kalamkarova A.A., Dorokhova K.V. Features of prediction estimation of current operating costs and depreciation at the stage of hydrocarbon deposits design development (p. 20‑27)

 

Idigova L.M., Rakhimova B.Kh., Gapaeva S.U. Digitalization and business activity: problems and prospects for development in conditions of coronavirus crisis (p. 28‑32)

 

Sadov A.P., Khautiev A.M.-B., Parmuzin P.N., Komissarov I.A. Assessment of technical and economic efficiency of improved degassing technology using hydrodynamic action (p. 33‑37)

 

ORGANIZATION AND MANAGEMENT

 

Anisimova S.E., Volodina I.N., Shaporda Z.V. Possible way of risk reduction when investing in oil futures (p. 38‑43)

 

Melekhin E.S. Application of project management methods in subsoil use (p. 44‑49)

 

WORLD OIL AND GAS BUSINESS

 

Muravyova E.K., Maksimova E.V., Abramkin G.V. Russian-German gas cooperation: opportunities and sharp lines of contradictions (p. 50‑55)

 

 

Information on the articles

 

UDC 338.45.622.276          DOI: 10.33285/1999-6942-2021-2(194)-5-10

 

OIL AND GAS IN THE NEW ENERGY STRATEGY
OF THE RUSSIAN FEDERATION – 2035 (p. 5)

 

Aset Bashirovna Tomova, Cand. of economic sci., associate professor,

Alina Khamzatovna Ozdoeva, Cand. of economic sci., associate professor

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: asettom@gmail.com, 4305@bk.ru

 

The paper considers the problems of structural diversification and spatial placement of infrastructure in the oil and gas complex. The dynamics of the industry technical-economic indicators, problems and risk factors in the oil, gas, petrochemical industries, the solution and accounting of which are a condition for the successful implementation of the Strategy, is overviewed. It is proved that Russia has a high level of export potential, the strategic role of which is to enhance the competitive advantages of the Russian economy in international trade and stabilize economic growth. The problems facing the branches of the oil and gas complex and the ways of their solution are presented. The role of the oil and gas complex in the implementation of the new Energy Strategy of the Russian Federation is determined. It lies in expanding the range of using liquefied natural gas and gas engine fuel, digital transformation and the development of cognitive technologies in the oil and gas complex, optimization of the spatial distribution of the energy infrastructure through the formation of "oil and gas mineral resource centers, oil and gas chemical complexes" in the Eastern Siberia, the Far East and the Arctic zone, and in Russia's becoming a leading player in the markets of the Asia-Pacific region. It is noted that for the growth of investments in the industry, the transformation of the taxation system from turnover taxes to taxation of the financial result is effective. The necessity of creating stable tax conditions and providing state support to projects for the construction of new petrochemical plants, including access to concessional financing, is substantiated.

 

Keywords: "modernized leap forward"; strategy; structural diversification; digital transformation and intellectualization of industries; optimization of the spatial distribution of infrastructure; oil industry; gas industry; petrochemical industry; transformation of the resource-technological and technological paradigm; investment in oil and gas projects; industry risks.

 

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UDC 665.5.003.1          DOI: 10.33285/1999-6942-2021-2(194)-11-19

 

RUSSIAN PETROCHEMICAL INDUSTRY – THE TIME OF GROWTH (p. 11)

 

Olga Alexandrovna Sergeeva, Cand. of economic sci., associate professor,

Gvantsa Nugzarovna Buliskeriya, Cand. of economic sci., associate professor,

Sergey Ivanovich Petrushkin, Cand. of economic sci., associate professor

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: sergolia2012@yandex.ru

 

Topical problems and possible trends of development of the RF petrochemical industry are considered in the paper. In the era of gradual oil displacement from the world energy balance, it is required to monetize hydrocarbon resources more efficiently.

The most sustainable way is further development of the petrochemical industry using the available competitive advantages, production development, sustantial government support and clusters formation.

 

Keywords: petrochemical industry; products with high value added; efficient feedstock usage; products export; new projects in the industry; government development support; clusters.

 

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UDC 69.003.12+69.003.12+553.9          DOI: 10.33285/1999-6942-2021-2(194)-20-27

 

FEATURES OF PREDICTION ESTIMATION OF CURRENT OPERATING COSTS
AND DEPRECIATION AT THE STAGE OF HYDROCARBON DEPOSITS
DESIGN DEVELOPMENT (p. 20)

 

Marina Mikhailovna Iutina, Cand. of economic sci., Head of the Department "Geological and Economic Assessment of Stocks and Resources of Oil and Gas",

Ekaterina Sergeevna Chernyshova, 2nd category engineer,

Angelina Alexandrovna Kalamkarova, Cand. of economic sci., leading engineer,

Kristina Vazgenovna Dorokhova, leading engineer

 

Federal State Budgetary Institution "All-Russian Research Geological Oil Institute"

36, Entuziastov av., Moscow, 105118, Russian Federation,

e-mail: akalamkarova@gmail.com

 

This paper considers the practical issues of operational costs determination in view of evaluation of current expenses and depreciation expenses for oil and gas development projects. The features of determining the operating costs of a development project are highlighted, approaches to the collection of initial information are determined, and an assessment of the influence of various specific cost indicators of operating costs on economic efficiency indicators is outlined. On a separate example, the problem of using different options for the distribution of current operating costs between objects when assessing a group of small fields using a single infrastructure and the impact of different options on the total indicators. The paper also discusses approaches to assessing the depreciation expenses of project investments and evaluates the impact of using increasing depreciation rates on the results of the economic efficiency of the project.

 

Keywords: current operating costs; depreciation costs; oil and gas project; cost standards; project effectiveness evaluation; oil and gas field development.

 

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UDC 332.1          DOI: 10.33285/1999-6942-2021-2(194)-28-32

 

DIGITALIZATION AND BUSINESS ACTIVITY:
PROBLEMS AND PROSPECTS FOR DEVELOPMENT
IN CONDITIONS OF CORONAVIRUS CRISIS (p. 28)

 

Lalita Musaevna Idigova1, 2, Dr. of economic sci., Professor,

Bella Khasanovna Rakhimova2, junior researcher, Laboratory of Economic Research,

Selima Usmanovna Gapaeva1, senior lecturer

 

1 The Chechen State University

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

e-mail: L.idigova@mail.ru

 

2 Ibragimov Comprehensive Research Institute, Russian Academy of Sciences

21a, Staropromyslovskoye shosse, Grozny, 364051, the Chechen Republic, Russian Federation,

e-mail: ya210412@yandex.ru

 

Digitalization of business activity is becoming an indispensable attribute of innovative technologies development and financial stability increase of enterprises. Training of personnel with digital competencies contributes to the effective implementation of the enterprise strategic goals and the innovative activity increase, the result of which is the use of technologies such as the Internet of things, cloud technologies, augmented and virtual reality technologies. The digitalization of business activity clearly demonstrates the transition from a traditional to a digital economy, which relies on the use of digital technologies in the daily life of the society and becomes the most important factor of increasing the competitiveness of enterprises.

 

Keywords: digital technologies; small business; business community; digital economy; social networks; business activity.

 

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UDC 622.272.633:33          DOI: 10.33285/1999-6942-2021-2(194)-33-37

 

ASSESSMENT OF TECHNICAL AND ECONOMIC EFFICIENCY
OF IMPROVED DEGASSING TECHNOLOGY USING
HYDRODYNAMIC ACTION (p. 33)

 

Anatoly Petrovich Sadov, Cand. of technical sci., Director of Methane Degassing and Utilization Department,

Adam Magomet-Bashirovich Khautiev, Cand. of technical sci, Engineer-technologist of Methane Degassing and Utilization Department,

Igor Anatolievich Komissarov, Deputy Chief Engineer for Technology of Methane Degassing and Utilization Department

 

JSС "SUEK-Kuzbass"

3, Kirsanov str., Leninsk-Kuznetsky, 652518, Kemerovskaya region, Russian Federation,

e-mail: SadovAP@suek.ru, KhautievAM@suek.ru, KomissarovIA@suek.ru

 

Petr Nikolaevich Parmuzin, Cand. of economic sci., associate professor of the Department of Economics and Management

 

Ukhta State Technical University

13, Pervomayskaya str., Ukhta, 169300, Komi Republic, Russian Federation,

e-mail: pparmuzin@ugtu.net

 

The paper presents a calculation of the technical-economic efficiency of implementation of the improved technology for underground hydraulic fracturing of coal seams under development, carried out during preliminary degassing through wells drilled from preparatory workings at the Kirov mine of JSC "SUEK-Kuzbass". The results of loads increase on the treatment face, reduction of the methane content after the treatment work and reduction of mining equipment downtime for the gas factor in the zones of underground hydraulic fracturing and compared zones are presented. The calculation of capital and operating costs, the economic effect of increasing the load on the treatment face, the economic effect of the extracted methane utilization and the economic effect of reducing methane emissions into the atmosphere as a result of the proposed technology implementation are presented. The calculations prove the feasibility of implementing the improved technology of underground hydraulic fracturing, taking into account the specific features of mining enterprises.

 

Keywords: pre-formation degassing; unloaded coal seams; hydraulic fracturing of the coal seam; gas factor; load on the treatment face; reduction of methane content; use of coal methane; reduction of emissions; economic effect.

 

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UDC 622.276.336.5          DOI: 10.33285/1999-6942-2021-2(194)-38-43

 

POSSIBLE WAY OF RISK REDUCTION
WHEN INVESTING IN OIL FUTURES (p. 38)

 

Svetlana Evgenievna Anisimova, Cand. of economic sci., associate professor,

Irina Nikolaevna Volodina, Cand. of economic sci., associate professor,

Zlata Viktorovna Shaporda, student

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: se2503@inbox.ru, 89161411560@mail.ru, shaporda@mail.ru

 

The paper briefly considers the main possible techniques of oil futures hedging, including both standard fundamental market analysis and professional organizations specializing in a profitable portfolio formation and undertakings all market transactions.

Although the futures themselves are a protection finical tool against market prices’ fluctuations, they can also pose a high risk due to a significant amount of financial leverage involved in the transactions. This could either lead to massive profits or losses, even with small price fluctuations.

The present paper examines in detail the meaning of the notional value and hedging ratio as well as additionally analyzes the principle of operation of mutual and exchange-traded investment funds, a commodity pool, which are based on the diversification of the investment portfolio. The paper will be of interest both to financial sector specialists and those ones who plan to become futures traders or users the services of investment funds.

 

Keywords: derivatives; crude oil futures; futures hedging; notional value; mutual funds; linear correlation coefficient; options on futures; breakeven point; ETFs & ETNs; commodity pool.

 

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UDC 336.532.2:005.8          DOI: 10.33285/1999-6942-2021-2(194)-44-49

 

APPLICATION OF PROJECT MANAGEMENT METHODS
IN SUBSOIL USE (p. 44)

 

Evgeny Sergeevich Melekhin, Dr. of economic sci., Professor, Department of the Economics of Oil and Gas Industry

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e–mail: esmelekhin@mail.ru

 

The paper discusses the practice of application of software and project approaches to subsoil use in foreign countries and in Russia as well as proposes to form a project management system for the reproduction of the mineral resource base on four levels of management with the appropriate selection of a project team. Proposals are given for improving the regulatory legal framework to ensure the implementation of project management methods in subsoil use.

 

Keywords: subsoil use; geological exploration works; project management methods; classification of projects; levels of management; project implementation team; regulatory legal framework.

 

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UDC 32.327          DOI: 10.33285/1999-6942-2021-2(194)-50-55

 

RUSSIAN-GERMAN GAS COOPERATION:
OPPORTUNITIES AND SHARP LINES OF CONTRADICTIONS (p. 50)

 

Elena Konstantinovna Muravyova, Cand. of economic sci., associate professor of the Department of Economic Theory, Faculty of International Energy Business,

Elena Viktorovna Maksimova, Cand. of economic sci., associate professor of the Department of Economic Theory, Faculty of International Energy Business,

Gevorg Vladimirovich Abramkin, student

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: murek49@mail.ru, ev-maksimova134@mail.ru, gevorgabramkin@gmail.com

 

The main purpose of the paper is to provide a general analysis of the overall picture of long-term gas cooperation between Russia and Germany, to determine the key indicators of PJSC "Gazprom" in the German gas market, and to identify progress and emerging problems in this area of partnership between the two countries. The problems are of a diverse nature, in which competition and monopoly are intertwined in a close tangle of geopolitical contradictions and interests. It is no secret that on the European gas market the USA, sometimes resorting to rough pressure, is actively lobbying for its LNG. It is vital for Russian business to implement a cost-effective and well-balanced strategy.

 

Keywords: gas energy; gas cooperation; monopolism; Third Energy Package; acute contradictions; geopolitics; sanctions; business; departmental structures; gas transport system; direct investments; direct investments; economic cooperation.

 

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