Study On Risk Management Of Overseas Oil Projects

With the enhancing of Chinese national power, Chinese petroleum enterprises have been on the road to invest abroad aggressively under the guide of "going out" strategy. In the process of undertaking overseas oil projects, the importance of risk management becomes increasingly obvious in order to ensure that the projects can be carried out smoothly. It is of great significance to study overseas petroleum project risk management in reducing project relevant loss among parties and improving project success rate. Therefore, each petroleum company engaging in overseas petroleum investment should be prepared to risk assessment and management work in overseas petroleum project.From the view of petroleum companies engaging in overseas petroleum investment, this paper identifies the risk of overseas petroleum projects from three levels ,combining operation management mode of Chinese overseas Petroleum projects, the present situation, characteristics of overseas Petroleum projects investment in three big Petroleum companies and the problems existing in the risk management .Then it selects six dimension disequilibrium efficacy function as evaluation method to quantitatively assess the risk of overseas Petroleum project, and puts forward to related suggestions to perfect the risk management of overseas petroleum project and corresponding measures to overcome various kinds of risk that overseas petroleum projects may face.In risk identification, this paper introduces the meaning, principle, process, technology and method, etc., of risk identification and uses risk breakdown structure (the method of RBS) for classification, establishes a list of risk factors which provides a premise and foundation for risk analysis and risk response.In risk analysis, it uses the evaluation method of six dimension disequilibrium efficacy function, combines qualitative analysis with quantitative analysis, scientifically selects risk analysis index system, combines qualitative analysis with quantitative analysis, scientifically selects risk analysis index system, obtains investigation probability of occurrence and evaluations of the extent of damage through experts. Through evaluation, it can get comprehensive risk evaluation value and the order of importance of risk degree.In risk response, on the one hand, according to the problems of risk management of overseas petroleum project in our country, it puts forward to the corresponding perfect measures. On the other hand, it proposes measures to deal with the risk that overseas petroleum projects may face through the combination of risk response strategies.