Strategic perspectives of the oil and gas sector industrial development

O. I. Kalinskiy () and M. A. Afonasiev ()

Russian Journal of Industrial Economics, 2021, vol. 14, issue 4

Abstract: The authors study oil and gas industry, its condition and perspective trends of industrial development. One of them involves applying low carbon and low cost technologies. The authors introduce new strategic imperatives in oil and gas sector to perform energy transition. They study the types of categories of perspective trends of the industry’s development: scaling up the development and implementation of a carbon capture and storage system, using low carbon raw materials, making it possible to take granular measurements. The article deals with perspectives of the oil and gas industry for the current year. The perspectives are built with the consideration of the previous year’s indicators and include all the past disasters and the dynamics of their solution and the results for the society. The authors show wider implementation of drones used for abnormal emissions of hydrogen sulfide to carry out distant monitoring, observations, inspections and preventive maintenance, change tracking, methane management, emergency response and material processing. The article describes precision drilling which reduces the risk of accidents, oil spills, fires and increases rate of penetration. The authors present microwave hydraulic fracturing which can become the next significant achievement in the perspective development of the industry.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2021:id:960

DOI: 10.17073/2072-1633-2021-4-369-374

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