Gaifullina M.M.Ufa State Petroleum Technological University, Ufa, Republic of Bashkortostan, Russian Federation marina_makova@list.ru ORCID id: not available
Makov V.M.Ufa State Petroleum Technological University, Ufa, Republic of Bashkortostan, Russian Federation valeram84@mail.ru ORCID id: not available
Pavlova Yu.A.Ufa State Petroleum Technological University, Ufa, Republic of Bashkortostan, Russian Federation yulinmail@mail.ru ORCID id: not available
Importance Restructuring is an effective tool ensuring the operation of oil companies in changing conditions related to the aftermath of the world crisis, low oil prices, and financial sanctions. However, the results of restructuring program implementation are subject to unbiased assessment on the part of the company and public authorities that monitor the process. The article considers the development of a reasonable methodology to assess the efficiency of oil company restructuring. Objectives The purpose is to devise a technique to assess the efficiency of oil company restructuring that would consider its impact on changes in indicators in the oil production and oil processing segment. Methods We employ general scientific methods like analysis and synthesis, and economic and statistical methods, namely, tabular procedure and coefficient-based technique. Results The paper defines nine stages of restructuring efficiency assessment and offers thirty three indicators of efficiency by five functional spheres. We designed a methodology to calculate an integrated indicator and a scale to evaluate the performance of restructuring based on the indicator. Conclusions The offered technique and the algorithm to evaluate the performance of oil company restructuring can be used by oil company management and by public authorities in the course of efficiency monitoring. They may also be helpful to justify management decisions aimed at timely update of restructuring programs.
Keywords: restructuring, efficiency, assessment, technique, oil company
