On the Results of Using the Modified Procedure for Ranking Hydrocarbon Fields by Degree of Natural, Man-Made and Ecological Hazard

Abstract

The high demands placed on the environmental aspects of the oil and gas sector of the economy, especially in light of the intensive promotion of ESG principles (ESG - environmental, social, governance) around the world, make research relevant, related to the identification of the laws of operation of natural activity systems and the development of adequate methods of solving the accumulated problems. It has been established that in the sphere of resolving contradictions between the economic activity of man and his activity of ecological and ecological orientation lies a gulf. The vast majority of relevant developments is aimed at monitoring and assessing the accumulated environmental disasters. The article shows that there is a large number of author’s techniques of «ecology» degree assessing of oil and gas companies’ activity and ranking them by this indicator. These techniques can be easily integrated into ESG practice. The purpose of this study was to verify the effectiveness of the modified techniques for assessing the environmental hazards of hydrocarbon deposits according to three quantitative indicators: natural hazards, man-made hazards and environmental hazards. It is shown that the techniques, based on the information about deposits available in the public domain, allows to rank deposits on the degree of hazard regardless of the companies developing them. The techniques along with the Russian Classification of Oil and Fuel Gas Reserves and Resources or with the Hydrocarbon Resource Management System (PRMS, USA) can provide additional information on deposits, which would enable it, when further developed, to become a decision-making tool at various managerial levels.