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

METHODOLOGY FOR FORMATION OF A NEW ECONOMIC MODEL OF GEOLOGICAL EXPLORATION WORKS IN SUBSOIL ASSETS USE

UDC: 3.33.330.3
DOI: 10.33285/1999-6942-2021-10(202)-17-21

Authors:

¹ LLC "Gazprom Proektirovanie", Moscow, Russia Federation

Keywords: geological exploration, subsoil use, mineral resources, economic model, geological and economic assessments

Annotation:

The paper presents the modern realities of a unified methodology for the economic assessment of geological exploration in subsoil assets use. The need for the study was the fact that the creation of a new methodology for the economic model of geological exploration will facilitate the subsoil users’ assessment of hydrocarbon reserves and resources and government bodies when putting resources and reserves on the balance sheet. The main research problem was formed, which is to develop a methodology for the formation of a new economic model for evaluating geological exploration in subsoil assets use for the rational use of the mineral resource base. In the course of the study, modeling methods, observation method, description method and analysis method were used. The result of the study was a new economic model for evaluating geological exploration in subsoil use. The main conclusions can be characterized by the optimization of the main indicators of the valuation of mineral raw materials. The basic principles for calculating discounted cash flow, discount rate, payback period and internal rate of return were developed.

Bibliography:

1. Анашкин О.С., Рохлин С.М. Интегральные показатели экономической эффективности при формировании сырьевой базы углеводородов России // Недропользование XXI век. - 2015. - № 7(57). - С. 130-136.
2. Волович В.Н. Пути и формы рационального использования природных ресурсов в условиях интенсификации общественного производства // Общество. Среда. Развитие. - 2013. - № 3(28). - С. 20-24.
3. Евсеенко В.В. Повышение экономической эффективности геологоразведочных работ на основе концепции управления стоимостью компании: дис. … канд. экон. наук: 08.00.05. - СПб., 2018. - 176 с.
4. Емельянова Н.М., Пороскун В.И. Методы геолого-экономической оценки объектов поиска месторождений нефти и газа с учетом неопределенности и риска // Недропользование XXI век. - 2016. - № 5(62). - С. 190-201.
5. Ecological and Legal Regulation of Geological Survey, Exploration and Extraction of Minerals during Construction / E.V. Voskresenskaya, L.G. Vorona-Slivinskaya, V. Snetkov, A. Tebryaev // E3S Web of Conferences, Moscow, Dec. 03-05, 2018. - 2019. - Vol. 91. - P. 08013. - DOI: 10.1051/e3sconf/20199108013
6. Kuzina E.S. Aspects of Financing Geological Exploration in Subsoil Use // J. of Advanced Research in Dynamical and Control Systems. - 2020. - Vol. 12, Issue 6. - P. 1356-1360.
7. Kuzina E.S. Principles and Methods of Investing in Geological Exploration in Subsoil Use // Int. J. of Disaster Recovery and Business Continuity. - 2020. - Vol. 11, No 3. - P. 2808-2817.
8. Мелехин Е.С. Экономические аспекты формирования системы рационального недропользования в современных условиях: моногр. - М.: РГУ нефти и газа (НИУ) им. И.М. Губкина, 2018. - 147 с.
9. Мелехин Е.С., Афонина И.А. Проблемы геолого-экономической и стоимостной оценки недропользования // Микроэкономика. - 2018. - № 1. - С. 28-30.
10. Новоселов А.Л., Новоселова И.Ю., Мелехин Е.С. Экономическая оценка недр с учетом рисков и неопределенности // Минеральные ресурсы России. Экономика и управление. - 2014. - № 6. - С. 29-33.
11. Formation and Distribution of Oil and Gas Revenues / I.V. Sharf, M.R. Tsibulnikova, M.P. Ivanova, E.G. Karpova // Proc. of the 32nd Int. Business Information Management Association Conf. (IBIMA), Nov. 15-16, Seville, Spain. - 2018. - P. 751-761.
12. Economic tools for realization of methane production project on Kuzbass coal deposits / I.V. Sharf, M.V. Sokolova, O.P. Kochetkova, N.V. Dmitrieva // IOP Conference Series: Earth and Environmental Science. - 2016. - Vol. 43. - DOI: 10.1088/1755-1315/43/1/012093
13. Tax Burdens of Russian Oil Producing Companies - Comparative Analysis / I.V. Sharf, L.S. Grinkevich, M.R. Tsibulnikova, A.M. Grinkevich // The 27th Int. Business Information Management Association Conf.: 37 Proc. IBIMA, Milano, May 4-5, 2016. - Norristown: IBIMA, 2016. - P. 440-447.
14. Financial Aspects of Technological Concept for Energy Efficiency Enhancement during Stripper Wells Development in Tomsk Region / I.V. Sharf, M.E. Sundetov, I.V. Shenderova, L.S. Grinkevich // IOP Conference Series: Earth and Environmental Science. - 2016. - Vol. 43. - DOI: 10.1088/1755-1315/43/1/012084
15. Haldar S.K. Mineral Exploration: Principles And Applications. - Second Edition. - 2018. - Ch. 4. Exploration Geology. - P. 69-84.