On the Support of the Oilfield Service in the Russian Federation

O. V. Zhdaneev () and P. Yu. Sorokin
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O. V. Zhdaneev: Ministry of Energy of the Russian Federation
P. Yu. Sorokin: Ministry of Energy of the Russian Federation

Studies on Russian Economic Development, 2021, vol. 32, issue 5, 571-578

Abstract: 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.

Keywords: oilfield services; government support; COVID-19; financial modeling; import phaseout; drilled but uncompleted wells; taxes (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1134/S1075700721050142

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