Based on the empirical study conducted in the first part of this article, a description of the problems hindering the development of small and junior business in Russia is described; the steps to move this process off the ground are given. The following mechanisms are proposed: a multiple reduction in the cost of exploratory drilling; regulation of the circulation of geological information to create a market for multi-client geophysical and geochemical services; active involvement of small businesses in exploration by regular licensing rounds. The mechanisms are embedded in the system with the creation of pilot sites that are geographically and geologically fixed in the zones of the petroleum bearing areas with developed infrastructure and with well-known geological conditions for well drilling.
The shale gas industry is still in its adolescence. And as adolescents are wont to do, it presents us with a dilemma: while the energy supplies in shale are too important to overlook, the potential health and environmental impacts of extracting them are too great...
Recommendations on Improving Fiscal and Taxation Policies of Shale Gas Industry in China
