Spatial Dynamics of the Oil and Gas Field Services Sector: Global Trends and Lessons for Russia

V. A. Kryukov, A. N. Tokarev

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)

Abstract

It is shown that the global spatial organization of the oil and gas field services sector depends largely on the characteristics of assets available in the mineral resources sector and that Russian service companies still remain players in the regional league. Our analysis reveals the key role of oilfield service companies in the innovative processes in the oil and gas industry. Science-intensive services can significantly reduce the unit costs of reserves increment and production costs. Endogenous, network, and exogenous models are used to summarize the formation and development processes for the oil and gas component of regional innovation systems. It is shown that resource regions cannot follow a single model of innovative development targeting the needs of the oil and gas industry. These models should take into account a wide range of regional features. The results demonstrate the need to strengthen the role of resource regions in regulating the oil and gas field services sector and innovative processes in the oil and gas industry. The focus is on developing a methodology for studying innovative processes within regional socioeconomic systems and on providing practical recommendations for the development of the oil and gas field services sector in Russia’s resource regions.

Original languageEnglish
Pages (from-to)248-257
Number of pages10
JournalRegional Research of Russia
Volume8
Issue number3
DOIs
Publication statusPublished - 1 Jul 2018
Externally publishedYes

Keywords

  • innovations
  • local and global knowledge
  • oil and gas field services sector
  • region
  • socioeconomic development

Fingerprint Dive into the research topics of 'Spatial Dynamics of the Oil and Gas Field Services Sector: Global Trends and Lessons for Russia'. Together they form a unique fingerprint.

Cite this