Effectiveness of tax incentives of hard-to-recover oil reserve development

I. V. Sharf, P. Ivanova, I. V. Filimonova

Research output: Contribution to journalArticle

Abstract

The present-day stage of the world hydrocarbon market development is characterized by the growing share of oil and gas production from the fields related to hard-to-recover reserves in terms of different criteria, which is a consequence of technological breakthrough in the USA. The strategic task of Russian oil and gas sector is to intensify the development of such fields with governmental support in the form of tax incentives. The goal of this research is to consider dynamics of oil production from the fields related to Bazhenov, Abalak, Domanic, and Khadumsk geological formations with enormous hydrocarbon potential thanks to tax incentives. The research method used is statistical analysis. The research results have shown the effectiveness of tax incentives, but due to absence of native development technologies, the effectiveness of incentives is evened, which requires different approaches to the tax incentive system.

Original languageEnglish
Pages (from-to)399-403
Number of pages5
JournalInternational Journal of Innovative Technology and Exploring Engineering
Volume8
Issue number10 Special Issue
DOIs
Publication statusPublished - Aug 2019

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Keywords

  • Hard-to-recover reserves
  • Oil
  • Regions
  • Tax incentives
  • Technologies

ASJC Scopus subject areas

  • Computer Science(all)
  • Civil and Structural Engineering
  • Mechanics of Materials
  • Electrical and Electronic Engineering

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