Spatial Dynamics of the Oil and Gas Field Services Sector: Global Trends and Lessons for Russia

Regional Research of Russia. 2018. Vol. 8. No. 3. P. 248–257.

Krukov V. A., Токарев А. Н.

It is shown that the global spatial organization of the oil and gas field services sector depends largely

on the characteristics of assets available in the mineral resources sector and that Russian service companies

still remain players in the regional league. Our analysis reveals the key role of oilfield service companies in the

innovative processes in the oil and gas industry. Science-intensive services can significantly reduce the unit

costs of reserves increment and production costs. Endogenous, network, and exogenous models are used to

summarize the formation and development processes for the oil and gas component of regional innovation

systems. It is shown that resource regions cannot follow a single model of innovative development targeting

the needs of the oil and gas industry. These models should take into account a wide range of regional features.

The results demonstrate the need to strengthen the role of resource regions in regulating the oil and gas field

services sector and innovative processes in the oil and gas industry. The focus is on developing a methodology

for studying innovative processes within regional socioeconomic systems and on providing practical recommendations.

Keywords: инновации, innovations, oil and gas sector, socioeconomic development, нефтегазовый комплекс