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 equipment for oil production, price volatility and political conflicts negatively affect Russia’s position in the global energy market. New economic conditions in 2021 are associated with a decrease in demand for oil and oil products, high import dependence, conservation wells to complete the deal under OPEC ++, which will lead to a fall in the market by 3-10%. It is necessary to apply new methods of oil production, one of which is the method of achimovka oil fields. Methods. The initial materials were statistical data from the Center for Macroeconomic Analysis and Short-Term Forecasting, the Ministry of Economic Development of Russia, the Analytical Center for the Government of the Russian Federation, world rating reports. Results. The pandemic and self-isolation of 2020 led to the fact that the Russian oil sector lost 50-60% of proceeds from the export of hydrocarbons, more than 50% of its capitalization. To support the industry, the Ministry of Industry and Trade of Russia will allocate 35 billion rubles. until 2024 for the development of new offshore and deep oil deposits. Conclusions. For Russian oil companies, the following is relevant: search for new sales markets (for example, Asia); application of innovative technologies to maintain the profitability of oil and gas production through the development of bazhen and achimovka; development of small deposits and deposits with hard-to-recover reserves.
Highlights
The increase in oil production and supplies from Iraq was an indicator that Saudi Arabia by 2020 was unable to play the role of a stabilizing energy producer
The Russian oil and gas sector is represented by various large financial and industrial groups and small oil groups, each of which has its own dynamics of development under the influence of global and regional trends in this area of energy consumption
Russia is confidently holding on to the leading second place in terms of oil production after Saudi Arabia. This situation was largely facilitated by the US sanctions policy against Iran and Venezuela, which led to an increase in crude oil supplies in January-November 2019 by 3.8%, according to the Federal Customs Service of the Russian Federation.Since 2018, the Russian fuel and energy complex has shown positive production and export dynamics
Summary
In the second half of 2020, a tough competition unfolded on the world oil market, associated with a change in the pricing policy for this type of product. The increase in oil production and supplies from Iraq was an indicator that Saudi Arabia by 2020 was unable to play the role of a stabilizing energy producer. To strengthen Russia's position in the oil sector, the country's leadership has relied on high-tech and innovative development of the energy sector. First of all, this is the reception of oil production using hydraulic fracturing in the Achimov deposits, which are rich in all of Western Siberia
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