Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use

Rocznik Ochrona Środowiska 2021, vol. 23, pp. 891-901

peopleElizaveta Kuzina This email address is being protected from spambots. You need JavaScript enabled to view it.orcid

institution  Russian Economic University named after G.V. Plekhanov (Scientific Research Institute “New Economics and Business”), Russian Federation
mail author This email address is being protected from spambots. You need JavaScript enabled to view it.
doi1 https://doi.org/10.54740/ros.2021.061
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abstract 

In modern realities, there is no unified methodology for the economic assessment of geological exploration in subsoil use. The main research question of this study was to develop a methodology for the new economic model formation for assessing geological exploration in the subsoil use for the mineral resource base rational use. The new methodology can facilitate the assessment of subsoil users of hydrocarbon reserves and resources and government bodies when putting resources and reserves on the balance sheet. In the course of the study, modeling, observation, description, and analysis methods were used. The result of the study was a new economic model for evaluating geological exploration in subsoil use. The main conclusions can be characterized by the optimization of the main indicators of the valuation of mineral raw materials. The basic principles for calculating discounted cash flow, discount rate, payback period and internal rate of return were developed.

 keywords

methodology, geological exploration, hydrocarbon reserves and resources, modeling methods, cash flow, discount rate, payback period

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AMA Style
Kuzina E. Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use. Rocznik Ochrona Środowiska. 2021; 23. https://doi.org/10.54740/ros.2021.061

ACM Style
Kuzina, E. 2021. Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use. Rocznik Ochrona Środowiska. 23. DOI:https://doi.org/10.54740/ros.2021.061

ACS Style
Kuzina, E. Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use Rocznik Ochrona Środowiska 2021, 23, 891-901. https://doi.org/10.54740/ros.2021.061

APA Style
Kuzina, E. (2021). Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use. Rocznik Ochrona Środowiska, 23, 891-901. https://doi.org/10.54740/ros.2021.061

ABNT Style
KUZINA, E. Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use. Rocznik Ochrona Środowiska, v. 23, p. 891-901, 2021. https://doi.org/10.54740/ros.2021.061

Chicago Style
Kuzina, Elizaveta. 2021. "Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use". Rocznik Ochrona Środowiska 23, 891-901. https://doi.org/10.54740/ros.2021.061

Harvard Style
Kuzina, E. (2021) "Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use", Rocznik Ochrona Środowiska, 23, pp. 891-901. doi:https://doi.org/10.54740/ros.2021.061

IEEE Style
E. Kuzina, "Methodology for the Formation of a New Economic Model for Geological Exploration in Subsoil Use", RoczOchrSrod, vol 23, pp. 891-901. https://doi.org/10.54740/ros.2021.061