Accounting and analytical mechanisms for ensuring the economic security of service enterprises in the oil and gas industry

Abstract

The article is devoted to the study of certain aspects of operating the economic security system of oil and gas industry service enterprises, which provide a complex of specialized, knowledge-intensive and capital-intensive services (works) for vertically integrated oil companies to support all stages of production activities (prospecting, exploration, mining, processing, transportation). The oil and gas industrial services sector is a driver for the development of the extractive, processing, machine-building industries and related information technologies, and provides a high economic potential for the development of the oil and gas industry. The continuity of oilfield service companies depends on their ability to adapt flexibly to changes in the oilfield services sector associated with significant environmental influences and identify key risk situations related to the provision of services. Deep integration into the life cycle of oil and gas fields and dependence on a limited number of customers implies that oilfield service companies continuously monitor the level of economic security, identify current risks and threats to financial and economic activities, and improve research, development, and management solutions using accounting and analytical mechanisms to ensure economic security. The key performance characteristics of oilfield service companies must meet the list of expectations, specifications, conditions, and other functional and non-functional requirements that customers place on them. In the process of accounting and analytical self-examination, service companies in the oil and gas industry identify and adjust quantitative, qualitative, operational, financial and non-financial indicators.