Valery Krukov 1, Ol'ga Selezneva 1
  • 1 National Research University Higher School of Economics, 20 Myasnitskaya Str., Moscow, 101000, Russian Federation

Hydrocarbons Reserves in a Changing Institutional Environment

2013. Vol. 17. No. 3. P. 433–458 [issue contents]
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).
Citation: (2013) Neftegazovye resursy v menYaYushcheysYa institutsional'noy srede [Hydrocarbons Reserves in a Changing Institutional Environment]. HSE Economic Journal, 3, pp. 433-458 (in Russian)
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