Prospects of oil production in the Russian Arctic: technological aspect

• Published in: Scientific Papers of Silesian University of Technology. Organization and Management Series
• Main Authors: Ilinova, Alina, Solovyova, Victoria
• Format: Article in Journal/Newspaper
• Language: English
• Published: Politechnika Śląska. Wydawnictwo Politechniki Śląskiej 2020
• Subjects: droit; socio; Arctic
• Online Access: https://doi.org/10.29119/1641-3466.2020.145.13; https://bibliotekanauki.pl/articles/1883381.pdf; https://bibliotekanauki.pl/articles/1883381

Purpose: The purpose of the article is determining the prospects of oil production in the Arctic from technological point of view. Design/methodology/approach: The study uses qualitative analysis in order to gain insights into the realistic prospects and the key aspects of the development of the Arctic shelf. The methods of strategic analysis were adopted to determine the main strategic directions of technological development of offshore projects. Reliability and validity of the obtained results are established due to the usage of modern legal and regulatory framework and data of the “Gazprom” and “RosNeft” oil companies. Findings: The study offers an approach to investigation of problem of Arctic oil and gas projects’ technological support. This paper provides the strategies of technological aspect’s future development and analyses opportunities of their implementation in current circumstances. Research limitations/implications: The relevance of this research is connected with increasing interest in the extraction of mineral resources in Russian Arctic. Practical implications: The findings of this study have a number of important implications for future practice within determination of the realistic prospects for development of Russian Arctic shelf. Originality/value: The problem of the development of offshore oil and gas Arctic projects has risen recently on a world scale due to the depletion of traditional overland oil and gas fields. This study has provided a deeper insight into strategic directions of providing the Russian offshore projects with required technologies. The possible ways were divided into three strategies: import-oriented strategy, cooperation strategy and intra-oriented substitution strategy.