Abstract
The Arctic shelf is the richest region of the world by overall volumes of oil and gas resources. However, countries of the Arctic basin have progressed unequally in developing them. In this article, the authors suggest that the diverging result of these countries in many ways depends on the structure of their oil and gas sectors. This article provides a comparative analysis of privately and state-owned companies’ participation in Arctic projects for those countries that are at the stage of commercial production on the Arctic shelf, namely the US, Norway and Russia. An analysis of oil companies’ performance indicators allows us to conclude that private companies are more efficient at developing the region than state-owned ones.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
