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Environmental and Economic Damage from the Development of Oil and Gas Fields in the Arctic Shelf of the Russian Federation

Author

Listed:
  • M. Kruk
  • A. Semenov
  • A. Cherepovitsyn
  • A. Nikulina

Abstract

The aim of the paper is the development of a technique of assessment of possible ecological and economic damage to air resources during the development of offshore fields for ensuring sustainable development of the Arctic region of Russia. The use of a modified temporary method for determining the prevented environmental damage is proposed to point out the possible environmental and economic damage by Monte Carlo mathematical modelling. After calculations authors made a conclusion about the most rational method for calculating damage from the offshore Arctic oil and gas projects in the water of the Ob-Taz Bay in the Kara Sea. The practical significance of this work is that the proposed methodology can be applied to all oil and gas fields on the Arctic shelf of Russia for measuring potential damages from air pollution as well as soil and water pollution.

Suggested Citation

  • M. Kruk & A. Semenov & A. Cherepovitsyn & A. Nikulina, 2018. "Environmental and Economic Damage from the Development of Oil and Gas Fields in the Arctic Shelf of the Russian Federation," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 423-433.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:423-433
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    References listed on IDEAS

    as
    1. Häyhä, Tiina & Franzese, Pier Paolo, 2014. "Ecosystem services assessment: A review under an ecological-economic and systems perspective," Ecological Modelling, Elsevier, vol. 289(C), pages 124-132.
    2. Elias G. Carayannis & Alexey E. Cherepovitsyn & Alina A. Ilinova, 2017. "Sustainable Development of the Russian Arctic zone energy shelf: the Role of the Quintuple Innovation Helix Model," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 456-470, June.
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    Cited by:

    1. Ekaterina Samylovskaya & Regina-Elizaveta Kudryavtseva & Dmitriy Medvedev & Sergey Grinyaev & Alfred Nordmann, 2020. "Transformation of the Personnel Training System for Oil and Gas Projects in the Russian Arctic," Resources, MDPI, vol. 9(11), pages 1-20, November.
    2. Gennadiy Stroykov & Alexey Y. Cherepovitsyn & Elizaveta A. Iamshchikova, 2020. "Powering Multiple Gas Condensate Wells in Russia’s Arctic: Power Supply Systems Based on Renewable Energy Sources," Resources, MDPI, vol. 9(11), pages 1-15, November.

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    More about this item

    Keywords

    Sustainable development; mathematical modelling; economic and ecological evaluation; Monte Carlo method; The Ob-Taz Bay.;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • K32 - Law and Economics - - Other Substantive Areas of Law - - - Energy, Environmental, Health, and Safety Law
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels

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