Retrospective Analysis of Geological Exploration 2010 - 2020

2021 ◽  
Author(s):  
Pavel Mostovoy ◽  
Ildar Safarov ◽  
Evgeniy Tumanov ◽  
Maria Zaytseva ◽  
Maksim Aksenov ◽  
...  
Keyword(s):  
Retrospective Analysis ◽  
Oil And Gas ◽  
The Other ◽  
Geological Exploration ◽  
Resource Base ◽  
Success Stories ◽  
Future Production ◽  
Geological Complexity ◽  
Oil And Gas Companies ◽  
Exploration Activity

Abstract Oil and gas companies’ future production profile is shaped by their exploration strategy and resource base development. Gazprom Neft's production profile will include 40% of current exploration projects by 2030. Geological exploration, on the other hand, is a high-risk business because it involves a lot of uncertainty due to the geological complexity of the targets being explored, as well as a lot of risky capital. Taking these factors into account, the Company will need to expand its exploration function as well as its approaches to managing exploration projects in order to meet its lofty aims. To determine the key areas of growth and a strategy for the exploration function development in the coming years, it was decided to first analyze the geological exploration activity in the Company in 2010 – 2020 period. The knowledge of achievements, success stories, and development areas is the fulcrum for future victories. Therefore, retrospective analysis is an important tool for the development of any system of activity - individual, organization, or state.

scholarly journals PROBLEMS OF LEGAL AND EVALUATION OF THE OBJECTS OF SUBSOIL USAGE

2017 ◽  
Vol 1 ◽  
pp. 216
Author(s):  
Natalia Pashkevich ◽  
Tatyana Tarabarinova
Keyword(s):  
Financial Reporting ◽  
Oil And Gas ◽  
Mineral Resources ◽  
Geological Exploration ◽  
Reporting Standard ◽  
International Financial Reporting Standard ◽  
Exploration Process ◽  
Normative Documents ◽  
Legislative Framework ◽  
Oil And Gas Companies

Evaluation of the objects in the mineral resources sector depend on type of the legislative framework for the different stages of exploration process. The article covers to problems of legal and evaluation to objects of subsoil usage according to different stages of geological exploration in International Financial Reporting Standard 6 «Exploration for and Evaluation of Mineral Resources», Russian Financial Standard 24/2011 « Cost accounting of the mineral resources deployment», US GAAP and other normative documents. The results present the possibility of capitalizing mineral reserves as assets in mining oil and gas companies.

CAPITALIZATION OF MINERAL RESOURCES AS AN INNOVATION ECOLOGICAL STRATEGY

2021 ◽  
pp. 86-96
Author(s):  
T. A. Tarabarinova ◽  
◽  
E. I. Golovina ◽  
Keyword(s):  
Oil And Gas ◽  
Mineral Resources ◽  
Ecological Strategy ◽  
Geological Exploration ◽  
Exploration Process ◽  
Normative Documents ◽  
Environmental Capital ◽  
Oil And Gas Companies ◽  
Us Gaap

The paper presents issues of evaluation objects of subsoil usage and reflecting information of mineral assets for oil and gas companies. Estimation of the objects in the mineral resources sector is regulated by IFRS 6 «Exploration for and Evaluation of Mineral Resources», Russian Financial Standard, US GAAP and other normative documents. The authors` idea is to capitalize costs connected with the stages of geological exploration process, what is considered as an innovative component. Concepts of natural and environmental capital are overviewed. Different classifications of reserves and mineral resources of various categories of oil and gas are analyzed. The results of the study show that capitalizing reserves as mineral assets in oil and gas companies is possible and economically profitable.

scholarly journals Ethical And Environmental Disclosures: An Analysis Of The Oil And Gas Industry

2012 ◽  
Vol 1 (2) ◽  
pp. 43-50
Author(s):  
Violet C. Rogers ◽  
Jack R. Ethridge ◽  
Treba A. Marsh ◽  
Jessica Lott
Keyword(s):  
Risk Factors ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Fortune 500 ◽  
The Other ◽  
Annual Reports ◽  
Gas Industry ◽  
Other Hand ◽  
Environmental Disclosures ◽  
Oil And Gas Companies

This study investigates the similarities of ethical and environmental disclosures, as well as risk factors contained within annual reports for the reporting year 2009. The data were collected from Fortune 500 oil and gas company annual reports. Findings include: 1) an emphasis on environmental, financial, nonfinancial and ethical disclosures and 2) similar reported risks for all companies investigated. The findings illustrate that many of the studied oil and gas companies have similar disclosures but, on the other hand, are situation specific to particular company and location.

scholarly journals DEVELOPMENT STATISTICS, MODERN STATE AND PROSPECTS of FURTHER DEVELOPMENT OF WESTERN OIL & GAS REGION OF UKRAINE

2018 ◽  
pp. 33-38
Author(s):  
M. Ya. Vul ◽  
Oleg Zurian ◽  
V. O. Starynskyi
Keyword(s):  
Organizational Structure ◽  
20Th Century ◽  
Oil And Gas ◽  
Modern State ◽  
Geological Exploration ◽  
Resource Base ◽  
Successful Development ◽  
Hydrocarbon Resource ◽  
Oil Gas ◽  
Further Development

The article summarizes the features of the development of geological exploration and the formation of a hydrocarbon resource base in the Wes­tern oil and gas region of Ukraine, the oldest in Europe. The period, which is being considered, begins in 1771 and is divided into several blocks: until 1945, until the 70s of the 20th century, until the 90s of the 20th century and to the present day. In each of the blocks, the main parameters characte­rizing the organizational structure and volumes of geological exploration are determined. Possibilities for the successful development of geological exploration in the indicated region and the need to increase them threefold are justified.

scholarly journals Strategies for Risk Management and Corporate Social Responsibility for Oil and Gas Companies in Emerging Markets

2016 ◽  
Author(s):  
Stephanie Stimpson ◽  
Jay Todesco ◽  
Amy Maginley
Keyword(s):  
Risk Management ◽  
Emerging Markets ◽  
Oil And Gas ◽  
New Technologies ◽  
Mitigation Strategies ◽  
Risk Area ◽  
Resource Base ◽  
Legal Risk ◽  
Risk Areas ◽  
Oil And Gas Companies

Oil and gas companies are constantly in search of opportunities to expand their resource base and create value. Emerging markets can provide companies with opportunities for significant rewards, especially in regions where oil and gas resources may be underdeveloped and where new technologies have not yet been exploited. However, emerging markets also pose numerous challenges and risks, which can potentially lead to significant legal and reputational damage. This article explores key legal risk areas for oil and gas companies in emerging markets and best practices for managing those risks and operating in a socially responsible way, recognizing that risk management centers around controlled and reasoned decision-making, not eliminating risk. The article is intended to provide a high-level overview of the key legal risk areas and mitigation strategies to serve as a guide for directors and management teams operating in these challenging regions as opposed to providing a comprehensive discussion on any particular risk area.

2013 PESA industry review: exploration

2014 ◽  
Vol 54 (1) ◽  
pp. 431
Author(s):  
Rhodri Johns ◽  
Patrick Despland
Keyword(s):  
Oil And Gas ◽  
Fiscal Year ◽  
Oil And Gas Exploration ◽  
Seismic Acquisition ◽  
Gas Targets ◽  
Future Direction ◽  
Oil And Gas Companies ◽  
Western Australian ◽  
Conventional Oil ◽  
Exploration Activity

Exploration activity in Australia in 2013 occurred across a broad spectrum of conventional and unconventional plays. Competition for acreage was buoyant with large tracts of key onshore basins either licensed or under application. Offshore, there were new awards on the western Australian margin and in the Bight Basin off SA. Offshore 3D seismic acquisition was reduced from anomalously high levels in 2012. Onshore 2D seismic acquisition was at historic highs and onshore 3D was the most ever recorded. Overall drilling levels were maintained despite a decline offshore. Of 13 offshore wells drilled, six were discoveries. Sixty-nine exploration wells (excluding CSG wells) were drilled onshore. Fifty addressed conventional, and 19 were unconventional shale or basin-centered gas targets. Sixty of the 69 wells were drilled in the Cooper/Eromanga Basin where conventional oil and gas exploration yielded 11 oil and six gas discoveries. Drilling and fraccing campaigns in the Nappamerri Trough unconventional gas plays provided early encouraging results. 213 exploration and appraisal CSG wells were drilled in the CSG basins of Queensland and NSW. In Queensland a record total of 1,317 CSG wells were drilled in fiscal year 2012/2013. Shale gas exploration activity was increasingly focused on the Palaeozoic and Proterozoic Basins of Western, Central and Northern Australia with major oil and gas companies involved in joint ventures preparing for drilling in 2014. The results of these programmes will have an important bearing on the future direction of exploration in these plays.

scholarly journals MECHANISMS FOR REDUCING TECHNOLOGICAL RISKS OF OIL AND GAS COMPANIES TO IMPROVE ENVIRONMENTAL SAFETY IN THE ARCTIC REGION.

2021 ◽  
Vol 71 (1/2021) ◽  
pp. 4-13
Author(s):  
Aleksander A. Ilinskiy ◽  
◽  
Ishel Ester Bianco ◽  
Keyword(s):  
Mineral Resource ◽  
Industrial Development ◽  
Oil And Gas ◽  
Arctic Region ◽  
The Arctic ◽  
Resource Base ◽  
Oil And Gas Development ◽  
Safety Risks ◽  
Arctic Sea ◽  
Oil And Gas Companies

The main driver of the development of the Arctic zone of the Russian Federation is the industrial development of the mineral resource base of minerals. The projected resources of the Arctic Shelf should be considered as a huge mineral resource potential ofthe oil and gas complex of the Russian economy in the long term. The scientific justification of critical technologies of oil and gas development in the Arctic and the Arctic sea shelf should include an assessment of the environmental consequences in theArctic region. Climate change has removed large quantities of ice and has removed impediments to Arctic sea navigation and in doing so has opened up a new route. Most of these ice-free routes can be used for navigation including oil and gas logistics andtransportation, and reducing transit by more than 5000 nautical miles. While these events allow for a widening of transportation routes but many challenges naturally inherent to the Arctic are still present, for example, the risk of possible oil spills inthe very sensitive ecosystem and the safety risks to crew and equipment. New Technology offers more thorough ways to minimize and manage this risk and to preserve the integrity of ecosystems, safety of people and the profits of companies where operations are more cost sensitive and difficult than in other regions of the world. This paper proposes one model of risk reduction and evaluates the best ways to reduce ecological and safety risks of oil and gas companies operating in the Arctic route. It also proposes methods to incorporate digital value into the organization through four sectors, Sustainability, Efficiency, Accountability and Profitability.

Global Economic Crisis of 2008-2009: Sources and Roots

2009 ◽  
pp. 18-31
Author(s):  
G. Rapoport ◽  
A. Guerts
Keyword(s):  
Oil And Gas ◽  
Trade Deficit ◽  
Developed Countries ◽  
The Other ◽  
Energy Resources ◽  
Market Mechanisms ◽  
Production Output ◽  
The One ◽  
To Receive ◽  
Partial Destruction

In the article the global crisis of 2008-2009 is considered as superposition of a few regional crises that occurred simultaneously but for different reasons. However, they have something in common: developed countries tend to maintain a strong level of social security without increasing the real production output. On the one hand, this policy has resulted in trade deficit and partial destruction of market mechanisms. On the other hand, it has clashed with the desire of several oil and gas exporting countries to receive an exclusive price for their energy resources.

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