Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas
Abstract The purpose of this article is to substantiate taxation models that have contributed to an increase in the efficiency of offshore oil and gas fields that are at the stage of mature development in the harsh Arctic conditions. The development of Arctic fields under the current tax regime is o...
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crioppubl:10.1088/1757-899x/1201/1/012061 2024-06-02T08:01:20+00:00 Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas Bogatkina, Y Eremin, N Sardanashvili, O 2021 http://dx.doi.org/10.1088/1757-899x/1201/1/012061 https://iopscience.iop.org/article/10.1088/1757-899X/1201/1/012061 https://iopscience.iop.org/article/10.1088/1757-899X/1201/1/012061/pdf unknown IOP Publishing http://creativecommons.org/licenses/by/3.0/ https://iopscience.iop.org/info/page/text-and-data-mining IOP Conference Series: Materials Science and Engineering volume 1201, issue 1, page 012061 ISSN 1757-8981 1757-899X journal-article 2021 crioppubl https://doi.org/10.1088/1757-899x/1201/1/012061 2024-05-07T13:56:17Z Abstract The purpose of this article is to substantiate taxation models that have contributed to an increase in the efficiency of offshore oil and gas fields that are at the stage of mature development in the harsh Arctic conditions. The development of Arctic fields under the current tax regime is on the verge of profitability. As an experiment, an economic assessment of the main economic indicators of the option for the development of the Prirazlomnoye field was carried out, taking into account various tax mechanisms used to assess the effectiveness of the development of offshore oil and gas fields. The calculation results showed that the application of the tax regime in force in Russia makes the development of the Prirazlomnoye field efficient, but with a relatively low profitability for the license holder. As an alternative, the tax mechanisms laid down in the production sharing agreements in China and Russia were used, which showed a high economic effect with a low level of risk. It can be concluded that the use of taxation models, which are similar in nature to a production sharing agreement, significantly increases the efficiency of the Prirazlomnoye field development, and can bring greater financial benefits to the license holder in comparison with the current tax regime in the Russian Federation. Article in Journal/Newspaper Arctic Prirazlomnoye IOP Publishing Arctic IOP Conference Series: Materials Science and Engineering 1201 1 012061 |
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Abstract The purpose of this article is to substantiate taxation models that have contributed to an increase in the efficiency of offshore oil and gas fields that are at the stage of mature development in the harsh Arctic conditions. The development of Arctic fields under the current tax regime is on the verge of profitability. As an experiment, an economic assessment of the main economic indicators of the option for the development of the Prirazlomnoye field was carried out, taking into account various tax mechanisms used to assess the effectiveness of the development of offshore oil and gas fields. The calculation results showed that the application of the tax regime in force in Russia makes the development of the Prirazlomnoye field efficient, but with a relatively low profitability for the license holder. As an alternative, the tax mechanisms laid down in the production sharing agreements in China and Russia were used, which showed a high economic effect with a low level of risk. It can be concluded that the use of taxation models, which are similar in nature to a production sharing agreement, significantly increases the efficiency of the Prirazlomnoye field development, and can bring greater financial benefits to the license holder in comparison with the current tax regime in the Russian Federation. |
format |
Article in Journal/Newspaper |
author |
Bogatkina, Y Eremin, N Sardanashvili, O |
spellingShingle |
Bogatkina, Y Eremin, N Sardanashvili, O Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
author_facet |
Bogatkina, Y Eremin, N Sardanashvili, O |
author_sort |
Bogatkina, Y |
title |
Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
title_short |
Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
title_full |
Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
title_fullStr |
Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
title_full_unstemmed |
Problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the Arctic Seas |
title_sort |
problems of development and economic evaluation of production of natural hydrocarbons on the offshore of the arctic seas |
publisher |
IOP Publishing |
publishDate |
2021 |
url |
http://dx.doi.org/10.1088/1757-899x/1201/1/012061 https://iopscience.iop.org/article/10.1088/1757-899X/1201/1/012061 https://iopscience.iop.org/article/10.1088/1757-899X/1201/1/012061/pdf |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic Prirazlomnoye |
genre_facet |
Arctic Prirazlomnoye |
op_source |
IOP Conference Series: Materials Science and Engineering volume 1201, issue 1, page 012061 ISSN 1757-8981 1757-899X |
op_rights |
http://creativecommons.org/licenses/by/3.0/ https://iopscience.iop.org/info/page/text-and-data-mining |
op_doi |
https://doi.org/10.1088/1757-899x/1201/1/012061 |
container_title |
IOP Conference Series: Materials Science and Engineering |
container_volume |
1201 |
container_issue |
1 |
container_start_page |
012061 |
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1800745659168456704 |