Assessing the Extraction Potential of Tomsk Region’s Difficult-To-Obtain Oil Reserves Cover Image

Оценка потенциала добычи трудноизвлекаемых запасов нефти Томской области
Assessing the Extraction Potential of Tomsk Region’s Difficult-To-Obtain Oil Reserves

Author(s): Irina Valeryevna Sharf, Larisa Sergeevna Grinkevich
Subject(s): Economy, Geography, Regional studies
Published by: Институт экономики Уральского отделения Российской академии наук
Keywords: oil extraction; difficult reserves; tax exemption; the Bazhenov Formation; tax on mineral extraction;

Summary/Abstract: A significant increase in oil production in the Tomsk region can be achieved by a better development of the license areas atthe disposal of oil-producing companies, active prospecting, introduction of innovative technologies to increase the oil recovery, as well as active oil extraction from unconventional horizons. This article reviews the activities of the oil-producing companiesof the Tomsk region for the past 10 years, and proves the potential of increasing oil production of both traditional and difficultto-obtainoil reserves, concentrated in the Bazhenov and Tyumen Formations and the Lower Jurassic sediments. Technologically,Russia is significantly lagging behind the economically developed countries in the extraction of hard unconventional hydrocarbonresources, primarily, the United States. The observed «shale revolution» was due to the complex of financial and tax breaksfor oil companies, from which mainly medium and small companies were benefited. As a result, this requires an increase ininvestment on the part of economic entities and regional authorities, as well as additional tax benefits, considering the qualityand types of actual and prospective raw materials produced in the region, in contrast to the declared benefits in Eastern Siberia.The introduction of tax incentives justified by the authors and the implementation of public-private partnership will ensure theprofitability of the development of marginal and difficult-to-obtain oil deposits of the Tomsk region in the long term, which inturn should ensure the stability of economic development of the subject of the Russian Federation

  • Issue Year: 12/2016
  • Issue No: 1
  • Page Range: 201-210
  • Page Count: 10
  • Language: Russian