Project implementation efficiency: developing natural gas resources of the Western Arctic shelf

Abstract The article discusses the issue of developing an optimal investment plan aimed at implementing large-scale projects for the production of natural gas in Western Arctic shelf areas. It presents the results of evaluating the economic efficiency of project implementation for two possible taxat...

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Bibliographic Details
Published in:IOP Conference Series: Earth and Environmental Science
Main Authors: Zhukov, O V, Cherepovitsyn, A E
Format: Article in Journal/Newspaper
Language:unknown
Published: IOP Publishing 2021
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Online Access:http://dx.doi.org/10.1088/1755-1315/808/1/012032
https://iopscience.iop.org/article/10.1088/1755-1315/808/1/012032
https://iopscience.iop.org/article/10.1088/1755-1315/808/1/012032/pdf
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Summary:Abstract The article discusses the issue of developing an optimal investment plan aimed at implementing large-scale projects for the production of natural gas in Western Arctic shelf areas. It presents the results of evaluating the economic efficiency of project implementation for two possible taxation scenarios: the one based on the current tax system and the one based on a production sharing agreement (PSA). The results obtained indicate that in implementing gas projects, it is advisable to use a step-by-step multivariate system for evaluating their commercial and fiscal efficiency taking into account the planned technical and organizational measures.