IMPROVING THE APPROACH TO RISK ASSESSMENT OF OIL AND GAS INDUSTRY ENTERPRISES

  • A.V. Rumyantseva Ural Federal University, Ekaterinburg, Russia
  • E.I. Sazanova JSC “Technologies of Trust – Audit”, Ekaterinburg, Russia
DOI: https://doi.org/10.34680/BENEFICIUM.2025.2(55).19-27

Abstract

In conditions of a high degree of uncertainty, enterprises have difficulty with making decisions, assessing the current situation, and predicting future activities. The risk accounting and risk assessment in such a situation becomes an important task for improving the activities of enterprises and improving the management system in circumstances of instability. The object of this research is oil and gas industry enterprises. In earlier researches, the authors identified specific features of oil and gas industry enterprises and showed that this industry is one of the high-risk industries, including environmentally hazardous ones. Based on the earlier researches analysis and content analysis of the reports of the largest oil and gas enterprises, the main inherent risks in these enterprises are highlighted at the present time. For this purpose, qualitative methods of risk analysis were used and, as a result, ecological and economic risks were classified into certain groups. Identification of these risks formed the basis of the present research. During this research, the authors analyzed various methods for assessing environmental and economic risks according to various criteria and selected the most acceptable ones in terms of accessibility of information and strategic objectives of the company's management. As a result, the authors proposed an integrated model for environmental and economic risks assessment, which can be used for a preliminary assessment of the risks of oil and gas industry enterprises. The developed model allows to get a general understanding of the financial, economic and environmental state of the enterprise. This is necessary to identify "bottlenecks" in the company's management system, determine further actions in the business process, and make more professional forecasts. The purpose of the research is to improve the risk assessment approach based on the development of an integrated model for complex accounting of environmental and economic risks of oil and gas industry enterprises. To achieve this purpose, the following tasks were solved: risk assessment methods were analyzed, environmental and economic risks were divided into groups of criteria, risk assessment models for each group were selected, the Gazprom PJSC risk assessment model was tested, and the results of calculations were interpreted. The practical significance of the research consists of the proposed model for ecological and economic risks assessment, which makes it possible to more comprehensively take into account risk and uncertainty factors and improve the activities of the enterprise as a whole.

Keywords: risk assessment methods, oil and gas companies, oil and gas industry, risk assessment, risk, level of risk, ecological and economic risks

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About the Authors

Alena V. Rumyantseva – Cand. Sci. (Economics), Docent; Associate Professor, Ural Federal University, Ekaterinburg, Russia. E-mail: alenarum@mail.ru. SPIN РИНЦ 4697-6505. ORCID 0000-0002-8415-1548. Scopus Author ID 56105559300

Elizaveta I. Sazanova – Senior Consultant, JSC “Technologies of Trust – Audit”, Ekaterinburg, Russia. E-mail: Lizarum09@gmail.com. SPIN РИНЦ 9789-4448. ORCID 0000-0001-9503-2731. ResearcherID ABB-6849-2020. Scopus Author ID 57195436298

For citation: Rumyantseva A.V., Sazanova E.I. Improving the Approach to Risk Assessment of Oil and Gas Industry Enterprises // Beneficium. 2025. Vol. 2(55). Pp. 19-27. (In Russ.). DOI: 10.34680/BENEFICIUM.2025.2(55).19-27

Published
2025-06-25
Issue
No 2 (2025)
Section
ENTERPRISE MANAGEMENT TOOLS