Assessment of the Prospects of Developing the Western Arctic Shelf Fields on the Basis of Evaluation of the Technical-Economic Potential of Fields

Abstract

The paper discusses the methodological issues of assessing the technical and economic potential of the Arctic hydrocarbon fields which can be used to make strategic decisions on the management of the oil and gas sector and the exploitation of natural resources. The sequence of calculation steps of the technical and economic potential of marine oil and gas fields of the Arctic which, unlike the existing ones, is based on an integral indicator that combines the financial, technical, climatic, and service-infrastructure characteristics of the fields what allows rating the fields to determine priority of the start of their development is proposed. The need to take into account a wide range of factors in a comparative analysis of oil and gas fields of the Arctic in order to make strategic management decisions on the priority of field exploitation is proved.