Research On Budget System Of Oilfield Enterprise Directed By Reservoir Management

With the acceleration of global economy's integration and the in-depth promotion of restructuring of our oil\petrochemical industry, our oilfield enterprises have stepped into a new phase full of competitions and opportunities. Viewing from the external environments of enterprises, fierce competitions of international oil giants as well as the violent fluctuation of oil price cause a tremendous impact on the profitability of oilfield enterprise. Viewing from the internal, old oilfields on land have stepped into the phase of high water and high recovery, the production declines rapidly and the strategic replacement areas haven't formed yet. Making potential use of old oilfields has become an important part of crude oil's output. All above reasons lead to the increase of cost, and this is unfavorable to our oilfield enterprises. In order to release the grim situation confronted by our oilfield enterprises, as well as to ensure the enterprises' healthy and stable development, in this paper we carried a comprehensive, in-depth and systematical research on budget management problems based on the industry characteristic and reform strategies, proposed a new budget system directed by reservoir management which meets the needs of marketing economy, and the system complies with the characteristic of oil industry. This paper also analysis the control, evaluation and the related supporting measures of the budget system in depth.In the study, we mainly use the following two methods for analysis. The first one is Normative Analysis, through the normative analysis of reservoir management theory and budget management theory, this paper proposes the problems exist in the use of the two theories, then finds out the reasons of these problems and clears the reform strategies of the budget management in enterprises; the second one is Systematical Analysis, in the use of this method this paper views the budget management of oilfield enterprises as a system, so as to analysis it deeply and then designs the budget system under the direction of reservoir management and the periodic budget of the block. In addition, this paper also uses the method of input-output analysis, empirical study, relative analysis and many other methods.