Abstract

Technological and economic trends in the development of the oil and gas industry form promising directions for the development of geological research, oil and gas fields development and hydrocarbons production. Currently, in the world oil and gas production practice, there is a tendency to increase the share of involvement in the hard-to-reach and hard-to-recover reserves development, which results in the cost of geological exploration increasing. It is important to minimize these costs by improving existing and developing new technological solutions. Increasing the efficiency and knowledge intensity of new technologies being introduced is the most promising strategy for exploration activities, oil and gas fields development and exploitation.The current conditions for the exit of most foreign companies from the Russian sector of the oil and gas industry, including the search for potential oil locations, require the development or maintenance at the proper level of own innovative and knowledge-intensive solutions that ensure the further systematic development of the geological exploration sector. A potential vector in this direction could be technology transfer from foreign countries, including most of the Middle East and North Africa countries. The innovative activities of up stream in these countries (including in terms of geological exploration) determine the trends in the development of international geological exploration technologies, as well as potential foreign companies for the systematic institutionalization of mutually beneficial relations between Russian and foreign oil businesses.Saudi Arabia, Israel and Iraq companies develop promising innovative solutions for the oil and gas industry exploration sector, including attracting foreign technologies to their market. Saudi Arabian companies are the most active companies with a significant increase in the number of innovative technologies. The main focus of the innovative solutions developed by these companies for the geological exploration sector is: improving methods of laboratory and geophysical research, improving the quality of seismic exploration, as well as introducing mathematical modeling modern trends in geological exploration.

Full Text
Published version (Free)

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 call