The Role of Small and Medium-Sized Businesses in the Development of Oil and Gas Fields on the Arctic Shelf of the Russian Federation

• Published in: IOP Conference Series: Earth and Environmental Science
• Main Authors: Fadeev, A M, Tsukerman, V A
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: IOP Publishing 2020
• Subjects: Arctic
• Online Access: http://dx.doi.org/10.1088/1755-1315/459/4/042067; https://iopscience.iop.org/article/10.1088/1755-1315/459/4/042067/pdf; https://iopscience.iop.org/article/10.1088/1755-1315/459/4/042067

Abstract The article discusses the range of issues of economic interaction between operators of projects on the development of the Arctic shelf and companies supplying products and services for the needs of the oil and gas complex. The authors analyzed the economic multiplier effect arising from the involvement of small and medium-sized enterprises in the implementation of oil and gas projects. A common opinion is that only large corporations can do such work. Without denying the validity of the judgment on the possibility of implementing oil and gas projects in the Arctic only by experienced companies that have sufficient competence for the safe and efficient performance of work, it is worth noting that the modern structure of the global oil and gas complex (NGC) is largely represented by small and medium-sized enterprises. In 7 out of 10 such companies, the personnel does not exceed 10 people. Very important and indicative is the fact that during the implementation of large-scale projects for the development of hydrocarbon deposits, the share of suppliers of the oil and gas complex accounts for up to 80%.