Published August 2024, Pg. 53-58

Section: Economy, management and law

UOT: 622.338

DOI: 10.37474/0365-8554/2024-08-53-58

Some aspects of consıderable models of oıl and gas ındustry development

E.A. Huseynov PhD in Economics - “Oil-Gas Scientific Research Project” Institute

The article examines some assumptions and problems of the world economic theory, it is pointed out that these assumptions are based on the characteristics of the economic structure in different parts of the world where the distribution of world production and the global exchange of goods, services and other results of human activity take place, of course the oil and gas industry is not left out in this matter shown. Moreover, taking into account the importance of its impact on world politics, it has been pointed out that the field is one of the most relevant objects of economic analysis today. The characteristic features of modern globalization are given in the article. In such a situation, it was suggested that since the real scale of the application of methods that increase oil production in Azerbaijan is not able to prevent the deterioration of the structure of reserves, it will not be possible to make a big positive change in the exploitation of extractable reserves.
The article also discusses the application of econometric models in economic research on the oil and gas industry. As a means of research and prediction of natural processes, the mathematical modeling method has been shown to be very widespread in oil and gas extraction. The observations made were summarized and it was shown that there is a systematic progress in the dynamics of the world economic system in the conditions of modern globalization, the main characteristic features of modern globalization were classified and given by the author, the creation of optimal conditions for the operation of the oil and gas industry as a result of the administrative and fiscal regulation of the state in the conditions of globalization was noted, and also the oil and gas industry some aspects of the theoretical models of the future development of the field have been studied and shown, taking into account its specific characteristics and in the context of the natural decrease of the volume of production. In the article, it was determined that one of the most important issues is the correct determination of the oil and gas reserves of the field, its calculation by separate reserve categories. Experience shows that it is very important to calculate these resources in different ways, to analyze the indicators of field development in detail, and to compare them with real indicators in order to implement one or another project indicators. The basis of these methods is the determination of reserves and their role in the technical-economic justification of the options for field development. This gives special relevance to such issues in the oil and gas industry and considers their constant improvement in the conditions of the market economy appropriate. The developed article is dedicated to the study of such issues.

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