Abstract

Implementing resource-innovative strategy to develop Russian fuel-and-energy sector implies the promotion of small oil production enterprises developing fields with the reserves of less than 5 mln. tons. However, the efficiency of such enterprises, investigated on the example of Tomsk region (considering the indexes of oil extraction, growth of reserves, amount of capital expenditures and geological surveys), signifies the presence of definite tendencies. Consequently, management decisions concerning economic, organizational, financial and fiscal character should be taken in order to eliminate detrimental factors.

Highlights

  • The objective set by Russian Federation Government to create favorable conditions to stimulate the activity of small and middle-size enterprises in the sphere of small and challenging field development, is supported by small petroleum enterprises in all oil producing regions of the Russian Federation, as well as in Tomsk region

  • The present article aims to analyze features, tendencies and challenges of small petroleum enterprises in Tomsk region, which are the subsidiaries of large corporations or refer to the independent oil producing companies

  • The analysis showed that the amount of Severance Tax (ST), per one ton of oil paid in December 2014 and January 2015, increased on 17%

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Summary

Introduction

The objective set by Russian Federation Government to create favorable conditions to stimulate the activity of small and middle-size enterprises in the sphere of small and challenging field development, is supported by small petroleum enterprises in all oil producing regions of the Russian Federation, as well as in Tomsk region. Small and middle-size fields are not very attractive for large petroleum enterprises. Considering the fact that in Russia, as well as in the whole world, small and medium-size enterprises develop the fields with the reserves of less than 5 mln. The present article aims to analyze features, tendencies and challenges of small petroleum enterprises in Tomsk region, which are the subsidiaries of large corporations or refer to the independent oil producing companies. The Skolkovo Innovation Center and noncommercial association “Assoneft” suggest the following criteria of relevance to IOP (table 1) [3]

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