Север и рынок. 2021, № 1.

to transportation failures have shown. Companies in the Arctic should avoid these financial and reputation losses at any cost. 7. We have proposed how Companies that use digital technologies in their logistic processes in the Northern Sea might have a competitive advantage that can be further developed in the Northern Route. 8. Conclusions Experts estimate the resource potential o f the Arctic zone as the largest reserve development o f hydrocarbon production not only in Russia but also in other countries in the foreseeable future. Our analysis has shown that a combination o f digital connectivity, submarine and aerial sensors might be most sustainable and profitable considering cost o f risks. Due to the high costs o f risks o f accidents in the Northern Sea, the effects o f technology in profits more sharply than in other scenarios. There is a strong need for dynamic risk models that use digital technologies, including scenario development and simulation to overcome the lack o f information about Arctic conditions. The digital transformation o f the Oil and Gas industry requires new, more dynamic and interactive models o f value creation to respond to a rapidly changing industry. Integration o f digital technologies should also incorporate ecological criteria to minimize costly risks o f the Northern Route development. Lower ice cover does not mean that the Northern Route becomes less risky overall, because more transit might mean more collisions and interference with species migration which have already been affected by global warming. High Technology such as accurate sensors widely deployed should be used to minimize risks o f pollution among Arctic routes. The oil and Gas industry is exposed to more risk than other industries due to potential cost o f pollution and accidents during logistic activities in the Northern Route. High Accuracy center and data integration among several areas can be profitable since there innovation has made technology more affordable. The scale of development o f the Arctic zone o f the Russian Federation requires the creation o f a single coordination center for the implementation o f environmental monitoring o f shipping and the development o f hydrocarbon resources o f the Arctic Shelf. Coordination o f work on the development o f the Arctic zone should be carried out by a state corporation, whose management on the one hand should be regulated by the Ministry o f Arctic Affairs, on the other - by representatives o f the top management o f large companies. To create such a giant, it is necessary to develop a Conceptual model o f public-private regulation o f the Arctic zone, which ensures effective management o f the industries involved in the region. References 1. Arctic Council (2009) Arctic Marine Shipping Report. 2009. Available at: https://web.archive.org/web/20141101021336/http://www.arctic.noaa.gov/detect/documents/AMSA_20 09_Report_2nd_print.pdf (accessed 29.09.2020). 2. Buixade A. F., Farre S., Stephenson R., Chen L., Czub M., Dai Y., Demchev D., Efimov Y., P. Graczyk P., Grythe H., Keil K., Kivekas N., Kumar N., Liu N., Matelenok I., Myksvoll M., O'Leary D., Olsen J. Pavithran, Petersen E., Raspotnik A., Ryzhov I., Solski A., Suo L., Troein C., Valeeva V., van Rijckevorsel J., Wighting J. Commercial Arctic shipping through the Northeast Passage: routes, resources, governance, technology, and infrastructure. Polar Geography, 2014, 37:4, рр. 298-324. DOI: 10.1080/1088937X.2014.965769. 3. Cann G., Bits B., Barrels. The Digital Transformation o f Oil and Gas. (2019) MADCann Press. Kindle Edition. 4. Carvaja G., Maucec V., Cullic S. Intelligent Digital Oil and Gas Fields. Elsevier Cience, Kindle Edition, 2018, рp. 249. 5. Carotenuto F., Brilli B., Gioli B., Gualtier G., Vagnoli C., Mazzola M., Viola A. P., Vitale V., Severi M., Traversi R., Zaldei A. Long-Term Performance Assessment o f Low-Cost Atmospheric Sensors in the Arctic Environment (2020) Sensors (Basel) 2020 Apr., 20 (7): 1919. Published online 2020 Mar 30. DOI: 10.3390/s20071919PMCID: PMC7180591. 6. Debnath S. Environmental Accounting, Sustainability and Accountability. 2019. (Kindle Locations 433­ 435). SAGE Publications. Kindle Edition. 11