Research On Financing Modes In Overseas Oilfield Project Of Daqing Oilfield Company

With the growth of China'economy, the contradiction of supply and demand of domestic petroleum becomes prominent. In a quite long period of time from now on, "introduction" and "going out" will become the strategic choice for China's opening. The oil industry is a highly centralized funding industry, also a high-risk investment field. Large foreign oil companies are almost the multinational ones with the integration of upstream and downstream as well as business all over the world. The overseas oilfield development project of Daqing oilfield company is developing from nothing, growing from small to big, expanding its market shares steadily, increasing its benefit level year by year and thus, enhancing its internationalized operation level and international competition ability gradually. Daqing oilfield company focuses on the problem of how to fully and reasonably determine the scale of investment and the direction of funding and how to make reasonable use of financing mode to seek higher returns.Firstly, this paper discuses the theory and the development situation of project finance together with the formation and application of it. Secondly, the paper discuses and analyzes the existing overseas oilfield project financing mode of Daqing oilfield company, the paper gives specific analysis on the problems in the existing project financing mode and puts forward newly-existing overseas oilfield project financing mode of Daqing oilfield company according to the current situation of the capital market and besides, Again, expounds its effects on oil strategy, economy and the trades. the design principle, structure, operating procedures and features of the mode are discussed in detail in the paper. Last, the paper proposes practicable advice for the future overseas oilfield project financing mode of Daqing oilfield company.