Uncompleted wells fund creation program and its role in ensuring sustainable development of the oilfield services industry in Russia

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Katysheva E.G.


The article notes that one of the most important criteria for the efficiency of the oil industry is the sustainable development of oilfield service companies, while the leading role of the drilling segment in the total volume of the oilfield services market is determined. The negative impact of the OPEC + agreement on the results of production and financial activities of oilfield service organizations was revealed. The need to develop measures of state support for the industry during the period of the OPEC + agreement was noted. The content and purpose of the drilled but uncompleted (DUC) wells fund creation program as a tool for flexible response to changes in the oil market conditions are characterized. The international experience in the field of DUC wells fund creation is considered. An assessment of the effectiveness of the formation of DUC wells fund at one of the oil and gas condensate fields in Russia has been carried out.


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