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Analysis of Opportunities for the Development of Independent Exploration Companies in Russia
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, Progress’19, Nov 2019, Volume 2019, p.1 - 5
Abstract
Summary
In many countries of the world, small oil and gas companies are serious players in the exploration market, occupying a considerable share. In Russia, the role of independent exploration companies is rather small. The analysis of the factors that affect the ability of their success is performed in the paper. The main factors discussed are the legal status of the small exploration companies, government support, and exploration rights market maturity, funding, information and service availability.
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