Features of financial accounting during the decommissioning of oil fields in accordance with IFRS

DOI: 10.33917/mic-6.89.2019.51-57

The article analyzes the Russian system of accounting for the decommissioning of oil fields, its compliance with IFRS standards, defines the features of financial accounting for decommissioning, proposes approaches to measuring the reserves for decommissioning of oil fields and criteria for their evaluation, provides an example of calculating the reserves for decommissioning.

Management of oil field development at a late stage in the context of liquidation tasks and abandonment of deposits

DOI: 10.33917/mic-1.90.2020.65-73

The scientific article offers some solutions for the management of oil and gas fields at a late stage of development and possible extension of the field operation period. The analysis of the practices of elimination of production facilities in the Asia-Pacific region, assessed the possibility of using these practices in Russian companies. We propose a set of measures to extend the period of operation of fields, which can be used if their profitability and safety of operation are maintained, including: cost management; additional drilling or changes in the production profile; improvement of operational indicators; improvement of tax or commercial conditions.