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Valery Krukov1, Ol'ga Selezneva1Hydrocarbons 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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