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On the Support of the Oilfield Service in the Russian Federation

Author

Listed:
  • O. V. Zhdaneev

    (Ministry of Energy of the Russian Federation)

  • P. Yu. Sorokin

    (Ministry of Energy of the Russian Federation)

Abstract

This article makes use of financial-economic modeling to study the measures of providing necessary support to Russian oilfield service companies due to a reduction in the amount of orders on the part of oil and gas companies because of the slowdown in the demand for energy inputs as a result of restrictions related to the COVID-19 pandemic. The global practices of drilling uncompleted wells are analyzed; a brief review of the current market situation is provided. The need for taking system-level steps to support the industry and maintaining the key competences and share of Russian companies in the market is shown.

Suggested Citation

  • O. V. Zhdaneev & P. Yu. Sorokin, 2021. "On the Support of the Oilfield Service in the Russian Federation," Studies on Russian Economic Development, Springer, vol. 32(5), pages 571-578, September.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:5:d:10.1134_s1075700721050142
    DOI: 10.1134/S1075700721050142
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    References listed on IDEAS

    as
    1. A. Yu. Kolpakov, 2019. "Potential Trajectories of Oil Price Dynamics," Studies on Russian Economic Development, Springer, vol. 30(4), pages 384-392, July.
    2. Kleinberg, R.L. & Paltsev, S. & Ebinger, C.K.E. & Hobbs, D.A. & Boersma, T., 2018. "Tight oil market dynamics: Benchmarks, breakeven points, and inelasticities," Energy Economics, Elsevier, vol. 70(C), pages 70-83.
    3. A. A. Makarov, 2020. "Technological Progress Opportunities in the Energy Sector of Russia," Studies on Russian Economic Development, Springer, vol. 31(1), pages 52-63, January.
    Full references (including those not matched with items on IDEAS)

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