@ARTICLE{26543120_106452632_2013, author = {Valery Krukov and Ol'ga Selezneva}, keywords = {, gas, technology, institutional conditions, oil, resources/reservesdepletion}, title = {Hydrocarbons Reserves in a Changing Institutional Environment}, journal = {HSE Economic Journal }, year = {2013}, volume = {17}, number = {3}, pages = {433-458}, url = {https://ej.hse.ru/en/2013-17-3/106452632.html}, publisher = {}, abstract = {Article analyses modern tendencies in oil-and-gas sector resources base development. Article shows not only high oil prices influenced growth of the oil-and-gas sector resources base (what gave chance for the transfer of uneconomic resources into profitable reserves), not only widespread of modern oil-and-gas production technologies (like horizontal drilling and hy drof­racturing), but also (especially in US) extremely favorable institutional and organizational conditions. Access to modern technology in combination with skills and experience to use these technologies - are among most important features. All together changes not only organiza tional pattern of the oil-an-gas sector, but also principles and forms of the various companies interactions (especially between national and transnational oil-an-gas companies).}, annote = {Article analyses modern tendencies in oil-and-gas sector resources base development. Article shows not only high oil prices influenced growth of the oil-and-gas sector resources base (what gave chance for the transfer of uneconomic resources into profitable reserves), not only widespread of modern oil-and-gas production technologies (like horizontal drilling and hy drof­racturing), but also (especially in US) extremely favorable institutional and organizational conditions. Access to modern technology in combination with skills and experience to use these technologies - are among most important features. All together changes not only organiza tional pattern of the oil-an-gas sector, but also principles and forms of the various companies interactions (especially between national and transnational oil-an-gas companies).} }