Mir Èkonomiki i Upravleniâ (Mar 2018)

KNOWLEDGE ACCUMULATION EFFECT IN CASE OF THE PROFITABILITY CRITERIA DEFINITION OF A MINERAL-RAW MATERIALS PROJECTS

  • Milyaev D. V.,
  • Dushenin D. I.,
  • Kidanova O. A.

DOI
https://doi.org/10.25205/2542-0429-2018-18-1-54-69
Journal volume & issue
Vol. 18 (1)
pp. 54 – 69

Abstract

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In many oil and gas bearing provinces in Russia with the depletion of highly productive hydrocarbon deposits the main prospects for the growth of oil and gas resources are attributed to hard-torecover reserves. With a high level of development costs these reserves are unprofitable, high-risk financing items. Being as a rule on the verge of profitability, the projects of development of hard-torecover reserves mainly depend on the volatility of geological and economic conditions. This actualizes the development of new approaches, oriented not so much to the forecast of potential income and other performance indicators, but to a greater extent on profitability criteria determining of a particular mineral-raw materials project. In the article, the method of searching for maximum permissible values of key characteristics of the subsoil use project is proposed for consideration, special attention is paid to ways to reduce costs when developing deposits taking into account the «learning effect».

Keywords