New classification of reserves as a means for tax system optimization in oil and gas production: current situation and prospects

Economy, information technology, resource management

Section editor – PhD in economics Krasnov O.S.

Article # 4_2011	submitted on 02/07/2011 displayed on website on 02/09/2011
24 p.	Grigor'ev G.A.
pdf	New classification of reserves as a means for tax system optimization in oil and gas production: current situation and prospects
	The elements of a new classification of hydrocarbon reserves, which characterize the economic component of oil and gas objects, are considered. The new classification’s opportunities in terms of reliable estimation of investment attractiveness of the hydrocarbon resources are analyzed on the example of oil objects within the territory of the Nenets Autonomous District and the Komi Republic (Timan-Pechora oil and gas province). Some drawbacks of the classification, associated with the lack of tax component in the proposed system of estimation, are marked. The system of tax optimization for investment projects in this economic area is proposed, considering the quality of resources, macroeconomic conditions of projects implementation and state interests in the creation of effective subsoil policy along with budget revenue optimization. Key words: reserves classification, geological and economical evaluation, investment attractiveness, oil, gas, resources, taxes, investments, economics, commercial features, the Nenets Autonomous District, the Komi Republic, Timan-Pechora province.
article citation	Grigor'ev G.A. Novaya klassifikatsiya zapasov kak instrument optimizatsii nalogovoy sistemy v neftegazodobyche: sostoyanie i perspektivy [New classification of reserves as a means for tax system optimization in oil and gas production: current situation and prospects]. Neftegazovaya Geologiya. Teoriya I Praktika, 2011, vol. 6, no. 1, available at: http://www.ngtp.ru/rub/3/4_2011.pdf

References

   Aminov L.Z., Belonin M.D., Bogatskiy V.I., Borovinskikh A.P., Geydeek V.I., Grigor'ev G.A., Lebedev B.A., Makarevich V.N., Nazarov V.I., Prishchepa O.M., Timonina N.N. Metodologiya i praktika geologo-ekonomicheskoy otsenki kraevykh sistem drevnikh platform (na primere Timano-Pechorskoy neftegazonosnoy provintsii) [Methodology and practice of geological and economical evaluation of boundary systems of ancient platforms (by the example of the Timan-Pechora province)]. Saint Petersburg: VNIGRI, 2000, 311 p.
   Grigor'ev G.A. Investitsionnaya privlekatel'nost' resursnoy bazy uglevodorodnogo syr'ya [Investment attractiveness of hydrocarbon resource base]. Neftegazovaya geologiya. Teoriya i praktika, 2010, vol. 5, no. 4, available at: http://www.ngtp.ru/rub/3/44_2010.pdf
   Iskritskaya N.I., Grigor'ev G.A. Novaya Klassifikatsiya zapasov nefti i gaza: geologo-ekonomicheskie aspekty primeneniya [A new classification of oil and gas reserves: geological and economicak aspects of application]. Neftegeologicheskie issledovaniya i voprosy ratsional'nogo osvoeniya uglevodorodnogo potentsiala Rossii. Saint Petersburg: VNIGRI, 2009, pp. 59-69.
   Metodicheskie rekomendatsii po proektirovaniyu razrabotki neftyanykh i gazovykh mestorozhdeniy. Prilozhenie k prikazu MPR Rossii ot 21 marta 2007 g. №61 [Guidelines for the projecting of oil and gas fields’ development. Appendix to the Order of the Russian Ministry of Natural Resources March 21, 2007, № 61]. Vestnik TsKR Rosnedra, 2007, no. 1, pp. 55-121.
   Metodicheskoe rukovodstvo po kolichestvennoy i ekonomicheskoy otsenke resursov nefti, gaza i kondensata Rossii [Methodological guidance on the quantitative and economical evaluation of oil, gas and condensate resources of Russia]. Moscow: VNIGNI, 2000, 189 p.
   Prishchepa O.M. Metodologiya i praktika vosproizvodstva zapasov nefti i gaza (Severo-Zapadnyy region) v sovremennykh usloviyakh [Methodological and practical issues of oil and gas reserves renewal (North-West district) in the current conditions]. Saint Petersburg: Nedra, 2005, 492 p.