Russian Arctic Offshore Oil and Gas Projects: Methodological Framework for Evaluating Their Prospects

E. Carayannis (), A. Ilinova () and A. Chanysheva ()
Additional contact information
E. Carayannis: George Washington University
A. Ilinova: Saint-Petersburg Mining University
A. Chanysheva: Saint-Petersburg Mining University

Journal of the Knowledge Economy, 2020, vol. 11, issue 4, No 6, 1403-1429

Abstract: Abstract Russia is one of the key players in the Arctic due to its significant hydrocarbon resources, and the relevance of developing its Arctic offshore deposits is obvious. However, the presence of considerable reserves of oil and gas on the Russian Arctic shelf does not guarantee the success of projects aimed at developing these deposits, since a whole group of contradictory political, macroeconomic, and other factors impacts their initiation and realization. This influence has now intensified with the current problematic macroeconomic situation in Russia, particularly in the energy sector. Furthermore, the current international political scene has a direct impact on Russia’s activities in the field of offshore projects. Economic, geopolitical, climatic, infrastructure, ecological, and other factors create uncertainty in the development of the Arctic oil and gas projects. The development of Arctic territories and shelf deposits, as part of a complex economic system, is subject to numerous disputes. The purpose of this paper is to study the prospects for the implementation of projects for the oil and gas production from offshore Arctic fields. As a result of the research, the work presents a methodology for assessing the prospects of the Arctic oil and gas offshore project which is called TESCIMP methodology. It is based on the TESCIMP analysis, a two-dimensional classification of TESCIMP indicators and the algorithm for selecting TESCIMP factors used in the analysis of specific deposits and choosing one of the projects for its development as the most promising.

Keywords: Arctic; Oil and gas; Shelf projects; Prospects; Russia (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s13132-019-00602-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:11:y:2020:i:4:d:10.1007_s13132-019-00602-7

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-019-00602-7

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().