Economic assessment of environmental impact in the course of oil field development and production

Abstract

The article considers the variety of impacts that oil exploration and production operations have on the environment at different stages of the process. To provide accurate economic assessment, an oil field development project was designed, with various development options. These options being analyzed, the strategy with the minimal environmental impact was identified. This has allowed preparation of a guideline on how to prevent deterioration of the environment and to reduce the negative environmental impact.