Technological and economic indicators evaluation in innovation process of oil and gas fielde development

Journal Title: Схід - Year 2018, Vol 154, Issue 2

Abstract

A new analytical and algorithmic approach is proposed to evaluate the technical and economic parameters of the oil and gas field development option, taking into account the effect of obtaining economic benefits due to the impact of technological innovations on the intensification of hydrocarbon extraction and related products. In this case, technological innovation is understood as a mixed complex of new means of labor, technology, technological units, new regime and raw materials, logistics, and other common positive technological changes. It is emphasized the need to change the algorithms in the technical and economic calculations of options for the development of oil and gas deposits to take into account the sale of the results of the associated extraction of hydrocarbons generation and storage of energy, the capture of valuable rocks or minerals, water. It is recommended that the developed analyst and algorithmic scheme for the approximate estimation of the discounted reduced free flow of money at each calculation step at the selected duration of the reporting chronological period chosen by the complex of facts of parametric changes from innovations, taking into account direct forecasting and dependence of the output data one from another. The scientific novelty of the work while simultaneously taking into account the dynamics of the local and general economic effect, which creates an adaptive effect of the final economic result from previous forecasts and results for periods, in particular, at control and settlement points.

Authors and Affiliations

Mykhailo Fyk, Volodymyr Biletskyi, Mohammed Abbood, Olena Varavina, Yevhen Shapchenko, Ilya Fyk

Keywords

Related Articles

Peace Education to Manage Institutional Conflict at Addis Ababa University

The purpose of this research was to investigate conflict in Addis Ababa University (AAU) and thoroughly understand the conflict by identifying related factors: causes, nature and measures taken. Having explored all these...

INDEPENDENT UKRAINE IN RUSSIAN GEOPOLITICAL CONCEPT IN THE 1990-S

In the article the attitude of the social and political elite to the existence of independent Ukraine. For this purpose analyzed the major geopolitical concepts and legal documents on foreign policy that defined the Russ...

Organization of the city's market of housing and communal services and practice its regulation abroad

The article examines foreign experience in the development of the market of services in city's housing and communal sphere from the perspective of its using in Ukraine. The role and place of the market of services in cit...

Internal systems of financial control of investment companies: European experience of regulation and possibilities for use on the national financial market

Features of functioning are studied of European investment companies, the experience of financial regulators in the proceedings of supervision and their regulation in the organization of internal systems of supervision a...

Digital monitoring as mechanism for developing energy balance of national economy

The paper looks into global trends in development of digital information and communication technologies within the concept of Industry-4.0 as well as means for their introduction into public administration and regulation...

Download PDF file
  • EP ID EP467292
  • DOI 10.21847/1728-9343.2018.2(154).132813
  • Views 158
  • Downloads 0

How To Cite

Mykhailo Fyk, Volodymyr Biletskyi, Mohammed Abbood, Olena Varavina, Yevhen Shapchenko, Ilya Fyk (2018). Technological and economic indicators evaluation in innovation process of oil and gas fielde development. Схід, 154(2), 64-70. https://www.europub.co.uk/articles/-A-467292