Preliminary Calculation of the EROI for the Production of Crude Oil and Light Oil Products in Russia

Alexander Safronov and Anton Sokolov
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Alexander Safronov: Laboratory of Geology of Oil and Gas Fields, Institute of Oil and Gas Problems SB RAS, Oktyabrskaya 1, Yakutsk 677980, Russia
Anton Sokolov: Laboratory of Geology of Oil and Gas Fields, Institute of Oil and Gas Problems SB RAS, Oktyabrskaya 1, Yakutsk 677980, Russia

Sustainability, 2014, vol. 6, issue 9, 1-19

Abstract: Russia is one of the world’s largest producers of energy resources. The production of energy resources in Russia is profitable both economically and in terms of energy production. Currently, Russian oil and gas companies have a policy of increasing energy efficiency, which will led to an increase in the energy return on investment (EROI) of both oil and gas production as a whole, and of separate companies in particular. By our calculations, the EROI for oil production in Russia differs for the different companies, and in 2012 was in the range of 22–35:1. The EROI for light oil products in 2012 was in the range of 5–13:1.

Keywords: EROI; oil production; Russia (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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