Statutory and regulatory barriers that can arise when developing the shelf
The paper analyzes the legislative base regulating the problems relating to development of oil and gas deposits of the Russian Federation continental shelf. The paper also covers regulatory barriers that hinder effective development of offshore fields of the Russian Federation. The characteristic of the new fiscal regime in view of the Federal Law 268-FZ of 09.30.2014 followed by its comparison with key fiscal parameters of the Government Order 443-r is presented. Some way of further economic stimulation of offshore fields development is offered. Analysis of regulatory issues such as permission for carrying out offshore activities, disposal of drill cuttings, regulatory restrictions on the work of foreign companies acting as offshore operators in the Russian Federation. is presented. The paper suggests directions for amending some specific legislative acts governing the implementation of offshore operations.