Север и рынок. 2021, № 1.

РАЦИОНАЛЬНОЕ ПРИРОДОПОЛЬЗОВАНИЕ И РАЗВИТИЕ ЭНЕРГЕТИКИ НА СЕВЕРЕ И В АРКТИКЕ DOI: 10.37614/2220-802X.1.2021.71.001 Aleksander A. Ilinskiy Doctor of Sciences (Economics), Professor, Professor of Peter the G reat St. Petersbu rg Polytechnic University, Saint Petersburg , Russia Ishel Ester Bianco PhD student of the University of M aryland, M aryland, USA MECHANISMS FOR REDUCING TECHNOLOGICAL RISKS OF OIL AND GAS COMPANIES TO IMPROVE ENVIRONMENTAL SAFETY IN THE ARCTIC REGION Abstract. The main driver of the development of the Arctic zone of the Russian Federation is the industrial development of the mineral resource base of minerals. The projected resources of the Arctic Shelf should be considered as a huge mineral resource potential of the oil and gas complex of the Russian economy in the long term. The scientific justification of critical technologies of oil and gas development in the Arctic and the Arctic sea shelf should include an assessment of the environmental consequences in the Arctic region. Climate change has removed large quantities of ice and has removed impediments to Arctic sea navigation and in doing so has opened up a new route. Most of these ice-free routes can be used for navigation including oil and gas logistics and transportation, and reducing transit by more than 5000 nautical miles. While these events allow for a widening of transportation routes but many challenges naturally inherent to the Arctic are still present, for example, the risk of possible oil spills in the very sensitive ecosystem and the safety risks to crew and equipment. New Technology offers more thorough ways to minimize and manage this risk and to preserve the integrity of ecosystems, safety of people and the profits of companies where operations are more cost sensitive and difficult than in other regions of the world. This paper proposes one model of risk reduction and evaluates the best ways to reduce ecological and safety risks of oil and gas companies operating in the Arctic route. It also proposes methods to incorporate digital value into the organization through four sectors, Sustainability, Efficiency, Accountability and Profitability. Keywords: Arctic Passage Technology, Monitoring Technology in the Arctic, Arctic, Arctic Passage, Ecological Safety in the Arctic Passage. Effective Sensors. Risk Reduction, Smart Fields, Smart Wells. Value Creation, Value Creation for Oil & Gas, Sustainability in the Arctic. 1. In troduction Formation o f the concept o f eco-balanced development and the system o f indicators o f socio-economic assessment o f the sustainable functioning o f the Arctic economic zone in the context o f the development o f mineral resource potential. The northern route, including Alaska, Canada, and Russia, is the shortest way to connect Europe and Asia. This route has been, for most o f modern history, covered by ice. Climate change has opened new parts o f that route to transportation. Oil and gas companies can take advantage o f these new routes to respond to changes in demand, particularly in liquified natural gas, condensates, and oil products, due to the growing demand o f Asian markets. This route has also been proven safer than African routes because to lower piracy and better infrastructure than in African regions. The subject of the research is the risk o f operations for oil and gas companies in the Northern Route. The object o f this research is the minimization o f risk for the Russian and international companies operating in the arctic region [1]. The Actuality o f this research is the need for oil companies to become stewards o f natural resources including the ecologically sensitive and challenging areas like the Arctic safely. The conjunctions o f benefits is that new technologies like connectivity, Artificial intelligence, Machine learning can not only improve ecological safety but they can also create profits for Oil and Gas companies by reducing risk, losses and making logistic processes more efficient. Although there are large pipeline networks connecting Arctic regions to Russia, and more have been recently built by Gazprom, until the recent crisis there was a very responsive market for liquified natural gas that companies such as Novatek have explored. There are high risks to transportation in the North Sea, such as strong winds and currents [2]. This paper seeks to classify the risks and evaluate their minimization. 4