«Problems of economics and management of oil and gas complex»

Problems and limitations of oil and gas development projects under sanctions on Sakhalin Island

UDC: 338.45
DOI: -

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: oil and gas complex, oil and gas field, economic efficiency, profitability of projects, oil and gas production, offshore projects, cost reduction, import substitution, restrictions, risks, prospects

Annotation:

The relevance of the article is caused by the fact that today in Russia most of the active oil and gas production occurs in the fields that have been in operation for more than five years, thus contributing to an increase of the traditional fields depletion indicators and putting forward the problem of looking for alternatives to maintain and increase production in the long term. In this regard, it is important to reveal and systematize the problems and limitations of oil and gas development projects implementation in the country and Sakhalin Island in particular. The authors of the article identify the prospects for the implementation of projects for the development of offshore deposits on Sakhalin Island: the great potential of hydrocarbon resources, the opportunity to take advantage of modern technologies and the long-term economic and social growth of the region. The problems and limitations for these processes are systematized, and directions for their levelling are proposed.

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