ECONOMIC ASPECTS OF HYDROCARBON RESERVES CLASSIFICATION

Autor: I.V. Sharf
Rok vydání: 2017
Předmět:
Zdroj: Oil and Gas Business. :236-254
ISSN: 1813-503X
DOI: 10.17122/ogbus-2017-1-236-254
Popis: The article reveals the effect of new oil and natural gas classification establishment, which came into force on January 1st, 2016, as well as its positive and negative aspects. The classification is adjusted to the international standards of Society of Petroleum Engineers (SPE) and the USA Security and Exchange Commission (SEC). Its basic feature is the priority of economic efficiency. The practical value lies in the provision of state interests at reserves cost evaluation, which builds the major part of national wealth, as well as in the consideration of tax incentives eligibility. Introduction of such classification should result in the increase of Russian deposits investment potential as well as in the economic efficiency of hydrocarbon reserves production under the conditions of qualitative and quantitative mineral-resource base characteristics deterioration. However, the geological (reservoir type, reserve calculation algorithm, degree of reservoir structure complexity, reserves division), technological (well spacing, oil recovery factor), organizational (computer modeling) and administrative (schedule reduction and special technical and economic features of project approval) aspects could negatively reflect on small subsurface users developing one or several small and middle-sized deposits. Considering the reviewed issues, the author suggests the additional correction of legal and regulatory framework with the aim to eliminate the abovementioned consequences and to support the financial position of small subsurface users.
Databáze: OpenAIRE