Monograph. Part of a book

Investment climate and technological potential of Ukraine’s oil and gas indystry

Мазуренко, Владислав Петрович

Ptashchenko, Liana

Mazurenko, Vladyslav

An assessment of the investment climate of the oil and gas industry of Ukraine was carried out. Comparative characteristics of WACC for the oil and gas industry in Ukraine and similar countries were carried out and the impact of the investment climate on the profitability of hydrocarbon production was modeled. It is found that the investment climate affects the net present value (NPV) through the discount rate, but this is only one of two channels of influence. The second channel – the acceleration of the learning effect through the formation of a competitive market of operators and oil and gas services – is quantitatively described in the next section, where a two-chain model is developed to estimate the synergy between horizontal drilling and HF on production profitability. A model with two learning chains and the effect of hydraulic fracturing and horizontal drilling as a mechanism for increasing the profitability of hydrocarbon production in Ukraine is built. A comparison of five scenarios differing in technological composition and learning parameters is presented. The results of applying the dual-chain model to five main types of reservoirs in the Ukrainian NGU, which have different initial costs and production rates, but are potentially suitable for development using horizontal drilling and high-frequency drilling technologies, are summarized.

The article is devoted to considering the prospects for the development of the oil and gas industry, which is important for the formation of Ukraine's energy independence.

інвестиційний клімат

буріння

oil and gas industry

investment climate

drilling