Noble International Journal of Economics and Financial Research

Online ISSN: 2519-9730 | Print ISSN: 2523-0565


    Volume 5 Number 7 July 2020


Pages: 74-79
Authors: Larisa Shakhovskaya, Victoria Timonina
Due to the underdevelopment of gas transportation infrastructure and the lack of accessible gas markets, associated gas produced along with oil is often pumped back into the formation to increase internal pressure, simply released into the atmosphere or burned by flares. This is a serious problem for the industry: it causes significant damage not only to the economy of oil-producing countries, but also to the environment. In some countries, under the conditions of licensing agreements for the development of oil fields, the mandatory level of associated gas utilization is clearly defined - 95% and the development projects provide for the creation of associated petroleum gas (APG) collection, fishing and transportation facilities. Violation of these rules, at least formally, threatens subsoil users with deprivation of licenses, and emissions of combustion products are punishable by fines. Given the many data and opinions of experts, there is a solution to the rational use of associated petroleum gas - to process.

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