Due to the fact that most of the large oil fields in Russia, characterized by high production costs, are at the final stage of development; the issue of cost optimization has become increasingly important in recent years. The main cost items at oil and gas enterprises are design and construction (reconstruction) of oil field facilities. Analysis of currently used methods for ranking oil and gas projects has shown that all of them are inherently subjective, since they are based on expert opinion. The authors have developed a methodological tools for evaluating the effectiveness of capital construction projects of oil field facilities (for example, construction work on the site for inventory receiving bridges and lifting units), which allows  to eliminate the influence of expert opinion  as much as possible and, consequently,  significantly  improve  the quality and validity of management decisions. The choice of the optimal project is based on a two – level assessment (stage 1– technical assessment, stage 2 – economic assessment). At each stage, an integral indicator is determined by calculation based on the results of objective data analysis  and using the developed algorithms. Thus, it is possible to judge the effectiveness of any project without being based on a subjective approach in the assessment with the help of expert opinion.

The first and one of the most important functions of management is planning. At the same time, in the current market conditions, the time for the implementation of this stage is very limited. In many ways, this applies to the oil and gas industry all the same. Due to the reduction of the resource base of the industry, the share of super-profitable projects has decreased significantly. Extraction of hard-to-recover oil and gas reserves is associated with active investment activities and with the need to introduce expensive technologies and equipment. The most common type of investment project associated with the geological and technical activities is being considered in the present paper. In order to increase the economic efficiency of the geological and technical activities it is proposed to implement an automated model at the stage of planning. This model, on the basis of the generalized geological, technological, statistical, macroeconomic and economic indicators, allows to solve quickly the following problems: of more precise and prompt planning the expenses on carrying out geological and technical actions; of defining minimum admissible profitable level of an oil flow rate after carrying out geological and technical actions; of determining the most economically justified duration of the overhaul of the well; of organizing the projects of geological and technical measures according to their attractiveness. As a result of the implementation of the automated model, an efficiency matrix for a particular field was compiled that determines the impact of the necessary investments and planned flow rate on the economic indicators of the project. The use of this matrix made it possible to exclude several inefficient geological and technical measures from the plan. The method of ranking based on the calculation of the integrated efficiency coefficient has been developed. On its basis, the issue of making optimal management decisions taking into account the impact of risk assessment in the case of projects with the same economic efficiency is solved.

Анализируются современное состояние, проблемы и перспективы инвестиционно-инновационного сектора региона. Целью данной статьи является обобщение принятых и реализованных государством мер для стимулирования инвестиционно-инновационного сектора и их результатов. Перечислены действующие инструменты стимулирования инвестиционной активности в регионе. Сделан вывод о необходимости создания действенного механизма государственного регулирования и стимулирования инвестиционной деятельности предприятий. В этой связи предложены рекомендации, подлежащие учету при принятии решений о предоставлении той или иной поддержки со стороны государства.

Additional income tax depends on the financial result, not on the gross production indicators, as is the case of the mineral extraction tax. The authors described the advantages and disadvantages of the new fiscal regime of additional income tax and calculated it for the oil producing company Udmurtneft JSC. They also assessed the operation efficiency for the Arkhangelsk oil field under two fiscal regimes and concluded that the transition could eventually reduce the tax burden for the company. The article introduces a new model for efficient mineral extraction during transition to the additional income tax regime. The model provides economic efficiency through such indicators as taxable profit, net profit, capital investments, net cash flow, and new present value. A stress analysis revealed various factors that affect the tax value, i.e., the dependence of the new present value on the production level under two fiscal regimes, the management system complex, unit costs per 1 well and 1 ton of oil, the production level and specific costs for 1 well and 1 ton of oil, etc. The efficiency calculations and stress tests showed that the proposed model can be used to control the value of various indicators to achieve optimal new present values. Switching to profit-based tax was found feasible in terms of economic indicators: a higher new present value, a lower tax burden, and more profit, even with increasing costs.

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