TY - JOUR

T1 - Effectiveness of tax incentives of hard-to-recover oil reserve development

AU - Sharf, I. V.

AU - Ivanova, P.

AU - Filimonova, I. V.

N1 - Publisher Copyright: © BEIESP.

PY - 2019/8/1

Y1 - 2019/8/1

N2 - 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.

AB - 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.

KW - Hard-to-recover reserves

KW - Oil

KW - Regions

KW - Tax incentives

KW - Technologies

UR - http://www.scopus.com/inward/record.url?scp=85073340592&partnerID=8YFLogxK

U2 - 10.35940/ijitee.J1074.08810S19

DO - 10.35940/ijitee.J1074.08810S19

M3 - Article

AN - SCOPUS:85073340592

VL - 8

SP - 399

EP - 403

JO - International Journal of Innovative Technology and Exploring Engineering

JF - International Journal of Innovative Technology and Exploring Engineering

SN - 2278-3075

IS - 10 Special Issue

ER -