Exploration and Production

The modern oil and gas industry is heavily dependent on the processes and trends driven by the accelerating digitalization of the economy. Thus, the digitalization of the oil and gas sector has become Russia’s top priority, which involves a technological and structural transformation of all production processes and stages.Aim. The presented study aims to identify the major trends and prospects of development of the Russian oil and gas sector in the context of its digitalization and formation of the digital economy.Tasks. The authors analyze the major trends in the development of the oil and gas industry at a global scale and in Russia with allowance for the prospects of accelerated exploration of the Arctic; determine the best practices of implementation of digital technologies by oil and gas companies as well as the prospects and obstacles for the subsequent transfer of digital technologies to the Russian oil and gas industry.Methods. This study uses general scientific methods, such as analysis, synthesis, and scientific generalization.Results. Arctic hydrocarbons will become increasingly important to Russia in the long term, and their exploration and production will require the implementation of innovative technologies. Priority directions for the development of many oil and gas producers will include active application of digital technologies as a whole (different types of robots that could replace people in performing complex procedures), processing and analysis of big data using artificial intelligence to optimize processes, particularly in the field of exploration and production, processing and transportation. Digitalization of the oil and gas sector is a powerful factor in the improvement of the efficiency of the Russian economy. However, Russian companies are notably lagging behind in this field of innovative development and there are problems and high risks that need to be overcome to realize its potential for business and society.Conclusions. Given the strategic importance of the oil and gas industry for Russia, its sustainable development and national security, it is recommendable to focus on the development and implementation of digital technologies. This is crucial for the digitalization of long-term projection and strategic planning, assessment of the role and place of Russia and its largest energy companies in the global market with allowance for a maximum number of different internal and external factors.

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ZERO DISCHARGE PRINCIPLE IN THE EXPLORATION AND PRODUCTION OF HYDROCARBONS IN THE RUSSIAN SECTOR OF THE NORTHERN CASPIAN (TO THE HISTORY OF THE ISSUE)

Астраханский вестник экологического образования ◽

10.36698/2304-5957-2020-19-6-85-96 ◽

2020 ◽

Vol 19 (6) ◽

pp. 85-96

Author(s):

Chuikov Yuri ◽

◽

Chuikova Lyudmila ◽

Keyword(s):

Exploration And Production ◽

History Of ◽

Russian Sector ◽

Zero Discharge

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A delayed royalty framework for investments in the exploration and production of hydrocarbon

Petroleum Research ◽

10.1016/j.ptlrs.2021.04.004 ◽

2021 ◽

Author(s):

Oghenerume Ogolo ◽

Petrus Nzerem

Keyword(s):

Exploration And Production

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Accelerating oil and gas investment and reserves by design

The APPEA Journal ◽

10.1071/aj17116 ◽

2018 ◽

Vol 58 (2) ◽

pp. 557

Author(s):

Barry A. Goldstein

Keyword(s):

Natural Gas ◽

Fossil Fuels ◽

Oil And Gas ◽

South Australia ◽

Land Access ◽

Oil And Gas Exploration ◽

Oil And Gas Producers ◽

Crude Oil Prices ◽

Exploration And Production ◽

Oil And Gas Operations

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence (Adams 1770). Some people unfamiliar with upstream petroleum operations, some enterprises keen to sustain uncontested land use, and some people against the use of fossil fuels have and will voice opposition to land access for oil and gas exploration and production. Social and economic concerns have also arisen with Australian domestic gas prices tending towards parity with netbacks from liquefied natural gas (LNG) exports. No doubt, natural gas, LNG and crude-oil prices will vary with local-to-international supply-side and demand-side competition. Hence, well run Australian oil and gas producers deploy stress-tested exploration, delineation and development budgets. With these challenges in mind, successive governments in South Australia have implemented leading-practice legislation, regulation, policies and programs to simultaneously gain and sustain trust with the public and investors with regard to land access for trustworthy oil and gas operations. South Australia’s most recent initiatives to foster reserve growth through welcomed investment in responsible oil and gas operations include the following: a Roundtable for Oil and Gas; evergreen answers to frequently asked questions, grouped retention licences that accelerate investment in the best of play trends; the Plan for ACcelerating Exploration (PACE) Gas Program; and the Oil and Gas Royalty Return Program. Intended and actual outcomes from these initiatives are addressed in this extended abstract.

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