Year of Graduation
Local Knowledge at the Mature Stage of oil and gas Resources Development
Russian oil and gas sector steps into a new phase of development: its resourse base passes into a maturity stage. These changes together with tough market conditions determine the necessity of proposing new ways of cost-efficient resources development. The research sheds the light on the process of local knowledge generation, spillover and implemetation as an efficient solution of this problem. The paper introduces the approaches of quantative and quaitative analysis of local knowledge effects as well as assessment of lost opportunities of national oil and gas industry without local knowledge.