Regulatory support for the design and development of oil fields

Abstract

The article presents the results of the analysis of legislation and practice of its application in the sphere of legal regulation of relations on the design of oil field development, including fields with hard‑to‑recover minerals. It is noted that the definition of «hard‑to‑recover minerals «is not fixed in the regulatory documents. To develop the concept of «hard‑to‑recover mineral deposits», it is necessary to attract special knowledge from the field of Geology, Economics of the geological industry. Signs of oil deposits (as well as other minerals) located in specific geological conditions, for example, in shale formations; at great depths in the earth’s interior, and therefore requiring special technological and technical solutions for their extraction, it is advisable to fix at the level of law. In this regard, special design rules are required for deposits containing hard‑to‑recover minerals. In order to implement the main provisions of the Energy strategy, the state should ensure systematic and comprehensive legal regulation of economic (business) relations in the field of oil production by adopting a special law.