Preliminary Calculation of the EROI for the Production of Crude Oil and Light Oil Products in Russia

Safronov, A. N.; Sokolov, Anton

doi:10.3390/su6095801

Cited by 15 publications

(9 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Based on this trend, the EROI, or the net energy from the field, will be substantially decreased [29][30][31]. Russia's oil and gas fields have exhibited a similar declining trend [32,33].…”

Section: The History Of Eroi In Other Countriesmentioning

confidence: 97%

Creating an Energy Analysis Concept for Oil and Gas Companies: The Case of the Yakutiya Company in Russia

et al. 2019

Self Cite

View full text Add to dashboard Cite

Recently, energy analysis has been added to Russian gas companies’ annual reporting system. This new practice indicates that corporate reports are improving their analyses by addressing energy issue and the financial efficiency of energy production. However, the use of summary energy indicators is limited in these annual reports. In this paper we review the history of energy analysis in Russia from the early USSR period to today. Under the guidance of energy return on investment (EROI), we compare energy efficiency indicators with financial efficiency coefficients. The results show that the value of the return on cost of sales (ROCS) is negative in certain instances, while the value of the energy return on cost of sales (EROCS) is extremely high under the example of the Russian energy company JSC “YATEC.” Money-based indicator values (ROCS and return on fix assets (ROFA)) fluctuate with internal company financial management goals, and from the outside depending on market prices. Meanwhile energy-based values (EROCS) remain stable. Added financial analysis and energy analysis in companies’ annual statements will supplement each other in practice and will present the full picture for company efficiency analysis.

show abstract

Section: The History Of Eroi In Other Countriesmentioning

confidence: 97%

Creating an Energy Analysis Concept for Oil and Gas Companies: The Case of the Yakutiya Company in Russia

et al. 2019

Self Cite

View full text Add to dashboard Cite

show abstract

“…Соколов и Н.И. Искрицкая [Nogovitsyn, Sokolov, 2014;Safronov, Sokolov, 2014;Соколов, Искрицкая, 2015].…”

Section: история вопроса в ссср и современной россииunclassified

Energy analysis’ for the oil and gas enterprises - an example of JSC "Yakutsk fuel and energy company" (Russia)

Steblyanskaya¹,

Feng²,

Соколов³

et al. 2016

NGTP

View full text Add to dashboard Cite

Энергетический анализ-это один из важных элементов определения экономической эффективности деятельности добывающих предприятий. Изложена история вопроса энергетического анализа в СССР/России, а также в странах запада. Определено место энергетического анализа в системе отчетности предприятия. Предложен ряд показателей энергетической эффективности в их взаимосвязи с финансовыми, экономическими показателям, приведена методика их расчета. Произведен расчет показателей для топливно-энергетической компании ОАО «Якутская топливно-энергетическая компания». Ключевые слова: добыча углеводородов, энергетический анализ, энергетическая эффективность добычи энергоресурсов. Введение Для нефтегазовых компаний важным вопросом является определение энергетической эффективности добычи, транспортировки и переработки углеводородов (УВ). В связи с введением в России в действие Федерального Закона от 23.11.09 г. № 261-ФЗ «Об энергосбережении и о повышении энергетической эффективности»-это вопрос и государственной важности. Закон обязывает нефтегазовые компании проводить мероприятия по повышению энергоэффективности. Экономическая сущность энергетического анализа заключается в выявлении энергоёмкости добычи УВ. Следует отметить, что единая методика расчёта показателей энергетической эффективности отсутствует. В добывающих компаниях рассчитываются показатели энергетической эффективности, которые иногда имеют схожие названия, но по сути существенно различаются. Для сравнения показателей энергетической эффективности ISSN 2070-5379 Neftegasovaâ geologiâ. Teoriâ i practika (RUS) URL: http://www.ngtp.ru _______________________________________________________________________________________ © Нефтегазовая геология. Теория и практика.-2016.-Т.11.-№2.

show abstract

“…However, depletion will decrease the EROI. Their impacts are examined by several scholars Poisson and Hall, 2013;Safronov and Sokolov, 2014;Sell et al, 2011). 3) To study the relationship between economy and EROI.…”

Section: Introductionmentioning

confidence: 99%

“…A two-dimensional framework was presented by to EROI analysis is applied in three areas: 1) To measure the performance of different energy systems, which is the most common application. Energetic physical performance of different energy supply processes are evaluated by EROIs analysis, including oil and gas Poisson and Hall, 2013;Safronov and Sokolov, 2014;Xu et al, 2014), coal , shale oil and gas Sell et al, 2011;Yaritani and Matsushima, 2014), oil sand , power generation (including wind and solar power generation) Raugei et al, 2012;Raugei and Leccisi, 2016;Swenson, 2016;Weißbach et al, 2013), coal to liquid and gas , jet fuel (Trivedi et al, 2015) , energy production sector , and biofuel Pechsiri et al, 2016). 2) To compare the impacts of technology and depletion.…”

Section: Introductionmentioning

confidence: 99%

Domestic oil and gas or imported oil and gas – An energy return on investment perspective

Cheng

Wang

et al. 2018

Resources, Conservation and Recycling

View full text Add to dashboard Cite

Both domestic oil and gas and imported oil and gas are essential to meet the enormous energy demand in China, which is incurred by its rapid economic growth. However, which is better than another? To address this issue, an energy return on investment (EROI) analysis, which is a useful method to evaluate the physical performance of an energy process, is applied. Besides, the EROIs time series of offshore domestic oil and gas and onshore domestic oil and gas are calculated, and the causes of the change tendency of EROIs time series are studied. The EROIs of imported oil and gas from different import countries are also calculated, laying the foundation for optimization of the import structure from an EROI perspective. Moreover, environmental inputs, which cause the externality of an energy process, are also studied. The results show that the EROIs of the entire domestic oil and gas fluctuate between 8.5 and 12, and the EROIs of the imported oil and gas lie in the range 2 between 2.9 and 9.5. We conclude that: 1) The EROIs of domestic oil and gas is higher than those of imported oil and gas, indicating that domestic oil and gas has a higher physical efficiency than imported oil and gas. 2) The change tendency of EROIs is influenced by the extractions of natural gas. Moreover, the EROIs of imported oil and gas are additionally related to oil and gas prices. 3) From an EROI perspective, LNG and pipeline gas are better than imported crude oil. Australia, Kazakhstan, and the USA should be prioritized for China to import LNG, pipeline gas, and crude oil respectively. 4) Environmental inputs reduce the EROIs. Therefore more caution should be paid on the reduction of environmental inputs. Keywords: Energy return on investment; Domestic oil and gas; Imported oil and gas; Optimization of import structure; environmental inputs China were 2.5 billion tons and 3.8 trillion cubic meters respectively in 2015 (BP, 2016). IOG serves as another important supply source for China and accounts for a significant proportion in the supply mix. Domestic productions and key suppliers of IOG for China in 2014 are shown in Fig. 2. < Figure 2 here > Abbreviations Aggregate volume of imported gas Environmental inputs of offshore DOG Aggregate volume of imported oil Environmental inputs of onshore DOG CNOOC China National Offshore Oil Corporation EROI Energy return on investment CNPC China National Petroleum Corporation EROI of crude oil

show abstract

Preliminary Calculation of the EROI for the Production of Crude Oil and Light Oil Products in Russia

Cited by 15 publications

References 9 publications

Creating an Energy Analysis Concept for Oil and Gas Companies: The Case of the Yakutiya Company in Russia

Creating an Energy Analysis Concept for Oil and Gas Companies: The Case of the Yakutiya Company in Russia

Energy analysis’ for the oil and gas enterprises - an example of JSC "Yakutsk fuel and energy company" (Russia)

Domestic oil and gas or imported oil and gas – An energy return on investment perspective

Contact Info

Product

Resources

About