Application of Achimov deposits in the oil industry as a way of competitiveness increasing of Russia’s raw materials exports

Abstract

The relevance of this study lies in the fact that the modern oil market is characterized by instability and high competition. Depletion of oil fields, deterioration of oil production equipment, price instability and political conflicts negatively affect Russia's position in the global energy market. The new economic conditions of 2021 are associated with a decrease in demand for oil and its products, high import dependence, conservation of wells to fulfil the OPEC++ deal, which will lead to a 3-10% drop in the market. It is necessary to apply new methods of oil production, one of which is the modern technology of Achimov oil fields development. The source materials were statistical data from the Center for Macroeconomic Analysis and Short-term Forecasting, the Ministry of Economic Development of Russia, the Analytical Center under the Government of the Russian Federation, world rating reports. The pandemic and self-isolation of 2020 led to the fact that the Russian oil sector lost 50-60% of revenue from hydrocarbon exports, more than 50% of its capitalization. The following fact is relevant for Russian oil companies: search for new markets (for example, Asia); application of innovative technologies to maintain the profitability of oil and gas production through the development of Achimovka oil deposits; development of small deposits and deposits with hard-to-recover reserves.