Proceedings of the 2023 9th International Conference on Advances in Energy Resources and Environment Engineering (ICAESEE 2023)

Study on the adaptation of economic evaluation methods under the oil company model

Authors
Yue Hu1, *, Cheng Dai1, Hao Zhang1
1Geological Exploration and Development Research Institute of CCDC, CNPC, Chengdu, China
*Corresponding author. Email: Huyue_dyy@cnpc.com.cn
Corresponding Author
Yue Hu
Available Online 14 May 2024.
DOI
10.2991/978-94-6463-415-0_74How to use a DOI?
Keywords
“oil company” model; economic evaluation methodology; adaptability study
Abstract

The “oil company” model is a new oil and gas field operation and management model proposed by the Group on the basis of studying and learning from the advanced experience of foreign oil and gas enterprises. The connotation is to set up a project-based management organization with the oil or gas extraction plant as the main body, with the oil and gas reservoir operation as the core, fully relying on the internal and external social resources, and carrying out market-oriented operation; it achieves the effect of streamlining the organization without raising a specialized service team, reducing construction and operation costs, and improving economic efficiency. Streamlining institutions, not to raise specialized service teams, reduce construction and operating costs, improve economic efficiency, is the future production and operation of the Group’s units and departments and the focus of the reform and construction of the objectives and priorities. In this paper, the adaptability study of economic evaluation method is carried out for the characteristics of production and operation of “oil company” mode, which provides better decision-making support for benefit development, production and operation strategy decision-making and program investment optimization.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 9th International Conference on Advances in Energy Resources and Environment Engineering (ICAESEE 2023)
Series
Atlantis Highlights in Engineering
Publication Date
14 May 2024
ISBN
10.2991/978-94-6463-415-0_74
ISSN
2589-4943
DOI
10.2991/978-94-6463-415-0_74How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Yue Hu
AU  - Cheng Dai
AU  - Hao Zhang
PY  - 2024
DA  - 2024/05/14
TI  - Study on the adaptation of economic evaluation methods under the oil company model
BT  - Proceedings of the 2023 9th International Conference on Advances in Energy Resources and Environment Engineering (ICAESEE 2023)
PB  - Atlantis Press
SP  - 697
EP  - 704
SN  - 2589-4943
UR  - https://doi.org/10.2991/978-94-6463-415-0_74
DO  - 10.2991/978-94-6463-415-0_74
ID  - Hu2024
ER  -