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WORLD INNOVATION PROJECT -INDUSTRY 4.0- AND PROSPECTS FOR THE DEVELOPMENT OF THE RUSSIAN ENERGY COMPLEX

Olga Kavkaeva

First published: 2019-12-05https://doi.org/10.5593/sgem2019v/1.4/s01.012View metrics

Abstract

The article analyzes the prospects of transition of the Russian fuel and energy complex to the new development paradigm which consists in implementing some Industry 4.0 Project elements. The article attempts to identify the profound changes taking place in the global and Russian energy sectors. One of the key drivers of the new development paradigm is the active implementation of the Industry 4.0 project elements in the fuel and energy complex, which is comprehensive and relies on digital technologies. The features of the Industry 4.0 global innovation project and, in particular, the digitalization of the oil and gas sector are discussed in the article. The possibility of the transition of the Russian energy complex to a new development paradigm, which consists in the implementation of the Industry 4.0 Project elements, is also analyzed. The article also relveals the problems of the Russian energy complex on the way to transition to a new model of development, which are associated with the peculiarities of its production, market and institutional structures. The main niche in the Russian energy complex where the development of the Industry 4.0 paradigm is possible is highlighted.

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Publication details

Title
WORLD INNOVATION PROJECT -INDUSTRY 4.0- AND PROSPECTS FOR THE DEVELOPMENT OF THE RUSSIAN ENERGY COMPLEX
Authors
Olga Kavkaeva
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 19th SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings19th, Science and Technologies in Geology, Exploration And Mining
Publisher
STEF92 Technology
Year
2019
Pages
87-94
SWS Citekey
Kavkaeva201918794
ISSN
1314-2704
ISBN
978-619-7408-97-3
Language
en
Publication type
Conference Paper
Keywords
Industry 4.0Russian energy complexenergy resourcesoil and gas industry.
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