Abstract
The Arctic Ocean is of great socioeconomic importance for Russia. This includes the Northern Sea Route (which provides cargo to the regions of Siberia and the Far East), the future transit of the goods with round trips from the countries of the Pacific region to Europe, the biological and mineral resources (the exploitation of which has been intensively conducted in recent years), and workplaces. Over the past 20 years, for Russia, the Arctic has been marked by the economic interests with the consolidation of important strategically valuable industries in the region, including, significantly, the development, exploration, and production of hydrocarbons and other minerals. The proactive land use planning, development, and management of the Russian Arctic territory is accompanied by a number of problems, among which the most significant and high profile are environmental and economic issues. The main group of problematic factors is revealed by the authors in the process of evaluating the activities and operations of oil and gas enterprises. The main purpose of this chapter is to assess the effectiveness of the implementation and realization of oil and gas projects in the Arctic zone of Russia, taking into account the current economic situation and environment. As a result, the efficiency of the project implementation of the oil and gas enterprise was evaluated, the dependency of the index of effectiveness on current oil prices was revealed, and indicators for the development of the oil and gas generating potential operations and development were determined. Comprehensive measures have been developed and defined for the further successful development of the region. A distinctive feature of the research is the evaluation of projects in accordance with the current taxation system of the oil and gas industry, as well as an analysis of the resource hydrocarbons base of the Arctic region.KeywordsArcticOil and gas projectEfficiency assessment
Published Version
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