INDUSTRIAL AND WELL-CONTROL SAFETY AS A FACTOR IN THE ECONOMIC EFFICIENCY AND SUSTAINABLE DEVELOPMENT OF OIL AND GAS PROJECTS
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Abstract
The article examines ways to improve the economic efficiency and sustainable development of oil and gas projects through enhanced industrial and well-control safety. An integrated approach is proposed that combines technical, technological, human, digital, and organizational safety barriers within a unified risk management system. The relationship between barrier reliability and reductions in hazardous-event probability, non-productive time, additional costs, and project implementation delays is demonstrated. Particular attention is paid to personnel competence, digital traceability, and ESG factors. An approach is developed for evaluating the economic effectiveness of preventive measures by considering avoided losses and prevention costs. Industrial and well-control safety is therefore regarded not only as a mandatory element of production activities, but also as a management tool for reducing economic losses, improving project resilience, and strengthening ESG performance.
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References
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