On the abandonment fund forming in the development of mineral, oil and gas deposit

We are investigating the problem of forming an abandonment fund in order to finance work related to the termination of the development of oil or mineral deposit. We propose a new mechanism for the formation ofsuch fund, which is more effective for the subsoil user and less risky for the state. This mechanism adapts to the changing geological, technological and economic conditions of the deposit development and ensures the accumulation of the amount necessary to finance the abandonment works.