In the Russian oil and gas industry, there are still no technical regulations for unified rules and standards governing the establishment of the abandonment fund and the decommissioning of fields. With an increase in the volume of assets decommissioned, the issues of correct accounting and financial reporting of these expenses are becoming more and more urgent. There is also uncertainty regarding the taxation guidelines of operations completion on the production facilities.
The strategic aspects of the decommissioning policy of oil and gas fields are stated using the example of the North Sea countries. As part of the responsible investment policy, environmental aspects and industrial safety management during decommissioning of facilities are outlined. An overview of the Russian legislative and regulatory framework is made. Recommendations are given to improve the methodology and practice of abandonment funds management in Russia.
Th is article gives a brief overview of the economic situation in Russia in 2014-2015, an analysis was carried
out to determine the fi nancial situation and the probability of bankruptcy of PJSC «Rostelecom» using the most famous
foreign and domestic multifactor models which predict insolvency of the organization.
In this article, the authors consider the modern principles and features of maintaining the oil and gas company equipment database in the ERP system for the growth of the efficient use of property assets in oil and gas companies with a view to establishing common methodological principles and approaches thereto, and the formation of management reporting in these companies and their subsidiaries. The proposed methodology establishes the unified requirements to the management accounting and the formation of a system of effective use of assets of an oil and gas company in modern conditions, allowing to modernize and repair each technological process of the oil and gas companies both in a staged manner and, in general, and to timely receive management information for each technological process or for each business unit regarding the use of property assets of an oil and gas company. The article describes the prototype model for the classification and grouping of the company property, which can be implemented in modules on SAP or Oracle platforms in order to visualize methodology of the future system implemented on directories of a unified budget classifier. It was argued that the primary goal of the ERP system implementation was the creation of an understandable and functional system of the company asset management that would allow a much more efficient budget planning to optimize stock balances, costs for repairs, investment costs, in other words, would improve the efficiency and transparency of the entire workflow.
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