Possibilities for the use of alternative energy to reduce power supply costs at far north fields

Abstract

The article reviews macroeconomic and internal factors that influence the efficiency and stability of operation of oil and gas enterprises, particularly oil price fluctuations in the global market and a rising share of difficult-to-recover reserves held on enterprises’ balance sheets. The article examines the possibility of using renewable energy in operations carried out by oil and gas companies in the Far North due to the remoteness and harsh climate conditions requiring the introduction of complicated technological solutions. Renewable energy can be used for the reduction of energy costs, improvement of stability and efficiency of operations. The possibility of using renewable energy is shown on the example of offshore fields located in the Far North. The Shtokman field is taken as an example to substantiate expediency of the use and the provision of the territory with solar and wind resources used as an additional source of energy.