Vol. 50 No. 12 (2020)
Cover Story: ARCTIC-RUSSIA.RU (THE «PRICE» MAFFERS)

Some Aspects of Regional Markets for Oil and Gas Field Services in the Russian Arctic Zone

V. Kryukov
director of Institute of Economics and Industrial Engineering SB RAS
Bio
A Tokarev
Institute of Economics and Industrial Engineering SB RAS
Bio
Ya. Kryukov
Institute of Economics and Industrial Engineering SB RAS
Bio

Published 2020-12-02

Keywords

  • oil and gas field service,
  • the Arctic,
  • production of hydrocarbons,
  • market model,
  • employment

How to Cite

1.
Kryukov В, Tokarev А, Kryukov Я. Some Aspects of Regional Markets for Oil and Gas Field Services in the Russian Arctic Zone. ECO [Internet]. 2020 Dec. 2 [cited 2024 May 21];50(12):38-61. Available from: https://ecotrends.ru/index.php/eco/article/view/4161

Abstract

The economic development of the Russian Arctic zone is determined by the extraction of mineral resources, primarily hydrocarbons. At present, oil and gas field services play an important role in oil and gas production. However, the existing regional markets for oil and gas services have a high level of concentration on the demand side, therefore, service companies (primarily independent ones) do not develop. The development of service markets in the oil and gas sector of the Arctic zone requires combining the efforts of service companies, support, and stimulation of their activities by regional authorities. This will increase the efficiency of hydrocarbon production and address economic issues in the oil and gas regions of the Russian Arctic.

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