Key words: oil reserves, mineral resources, prospecting works, seismic surveys, state investment.
The Republic of Komi is one of the oldest oil producing regions, most of the fields have already entered the stage of declining production, so the development of measures aimed at increasing the production of crude oil remains relevant at the present stage. The results of monitoring of geological exploration in the region in recent years are presented. There is increasing role of private oil companies in consolidation the resource base of the industry. Concluded that to maintain the achieved level of oil production in the Republic of Komi is necessary to conduct exploration not only by companies, but also due to state investment.
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