Economic and legal aspects of the organization of planning and construction of structures on the Continental Shelf of Arctic Seas of Russia

Journal Article · Thu Sep 01 04:00:00 EDT 1994 · Hydrotechnical Construction

DOI:https://doi.org/10.1007/BF01545923· OSTI ID:135936

Nikitin, B A; Perchik, A I

At the current stage of development of Russia`s economy the problem arises of refining the concept and working out a strategy of developing the oil gas resources of the continental shelf. The given concept determines the main strategic directions with respect to the disposition, volumes, and scope of works, creation and use of special equipment, structures, and floating equipment, determination of the extent and dynamics of investments, evaluation of the potential possibilities of various financial sources, etc. Strategy is based on the fairly long-term (15-20 years) cost effectiveness of exploration and development of offshore oil and gas reserves governed by the high geologic prospects and poor study of the continental shelf of Russia. The approach to the solution of this problem obviously, should provide for the follow stages: Planning an exploration program realized mainly by centralized budgetary funds. The second stage is a prediction of the results of the competition, i.e., prediction of the number of specific blocks being claimed. A special problem is the selection of the form of licensing agreement. The existing legislation, particularly the Russian Federation Mineral Resources Law, provides for forms of concession and production sharing in addition to the traditional leasing form. One of the problems is the absence of an official division of Russian water areas according to their status: territoral waters, 200-mile exclusive (economic) zone, and continental shelf. Legal problems begin with the presence of variant readings in the formulation of the concepts of three aforementioned zones. All these problems either directly or indirectly determine the economic conditions and successfulness of the converted and other enterprises and organizations developing offshore oil and gas resources.

• Sponsoring Organization: USDOE
• OSTI ID: 135936
• Journal Information: Hydrotechnical Construction, Journal Name: Hydrotechnical Construction Journal Issue: 3 Vol. 28; ISSN 0018-8220; ISSN HYCOAR
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
29 ENERGY PLANNING, POLICY, AND ECONOMY
COST BENEFIT ANALYSIS
ECONOMICS
ENERGY POLICY
EXPLORATION
INVESTMENT
LEGAL ASPECTS
NATURAL GAS INDUSTRY
OFFSHORE DRILLING
OIL FIELDS
PETROLEUM INDUSTRY
PRODUCTION
RESERVES
RUSSIAN FEDERATION