DOI: 10.33917/mic-4.105.2022.53-64

Asset Retirement Obligations (ARO) are legal obligations to complete the closure of a facility when a long-lived tangible asset, such as an oil well, offshore platform, pipeline, or terminal, is permanently decommissioned. The most common type of ARO for an oilfield is the legal requirement to plug and abandon and restore the site of oil and gas wells to their original natural level at the end of their useful life.

The term «oilfield ARO» is used to cover the full range of statutory activities for the disposal of oil assets, including reclamation and environmental restoration. Interim and subsequent ARO carry additional financial risks.

DOI: 10.33917/mic-6.89.2019.51-57

The article analyzes the Russian system of accounting for the decommissioning of oil fields, its compliance with IFRS standards, defines the features of financial accounting for decommissioning, proposes approaches to measuring the reserves for decommissioning of oil fields and criteria for their evaluation, provides an example of calculating the reserves for decommissioning.

DOI: 10.33917/mic-1.90.2020.65-73

The scientific article offers some solutions for the management of oil and gas fields at a late stage of development and possible extension of the field operation period. The analysis of the practices of elimination of production facilities in the Asia-Pacific region, assessed the possibility of using these practices in Russian companies. We propose a set of measures to extend the period of operation of fields, which can be used if their profitability and safety of operation are maintained, including: cost management; additional drilling or changes in the production profile; improvement of operational indicators; improvement of tax or commercial conditions.