Effectiveness of Tax Incentives of Hard-To-Recover Oil Reserve Development
I. V. Sharf1, М. P. Ivanova2, I. V. Filimonova3
1I. V. Sharf, School of Earth Sciences & Engineering, Tomsk Polytechnic University, Tomsk, Russia.
2М. P. Ivanova, School of Earth Sciences & Engineering, Tomsk Polytechnic University, Tomsk, Russia.
3I. V. Filimonova, Department of economics, Novosibirsk State University, Novosibirsk, Russia.
Manuscript received on 05 September 2019 | Revised Manuscript received on 29 September 2019 | Manuscript Published on 29 June 2020 | PP: 399-403 | Volume-8 Issue-10S2 August 2019 | Retrieval Number: J107408810S19//2019©BEIESP | DOI: 10.35940/ijitee.J1074.08810S19
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
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.
Keywords: Hard-to-Recover Reserves, Oil, Regions; Tax Incentives, Technologies.
Scope of the Article: Advanced Manufacturing Technologies