Innovative management information system in post-crisis economic conditions on emerging markets (on the example of the oil and gas industry)

Abstract

The formation and development of the oil and gas industry in any region (country) of the world is primarily related to the volume of forecast hydrocarbon resources, the state of explored hydrocarbon reserves and is determined by a number of technological, economic, organizational, political and other factors. Ukraine is no exception – one of the oldest oil and gas producing countries in the world. Before starting the analysis, we need to define some terms that we will use in this subsection: - proven hydrocarbon reserves are known volumes of hydrocarbons that can be profitably extracted using existing technology; - unexplored traditional resources – oil and gas resources that are explored by oil and gas companies with developed technologies and that can be profitably extracted/developed using the existing traditional practice of hydrocarbon development; - unconventional resources – oil and gas resources that exist outside well-defined traps; - resources obtained due to the growth of deposits – resourcesthat are expected to be added to the explored reserves of the deposit due to: physical expansion of the boundaries of the deposit, development of new horizons, more careful calculation and evaluation of deposit reserves based on mining experience and changes in the relationship between price and costs; application of new technologies and methods of search, development, extraction of hydrocarbons and processing of relevant information. To a large extent, the listed factors depend on innovations, which are difficult to predict. In addition, these factors are complex and interrelated, and therefore difficult to analyze individually. Thus, the assessment of the possible future increase in reserves should be based on the empirical projection of past patterns.