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Comparative Study On Chinese And Foreign Oil And Gas Costs

Posted on:2003-09-09Degree:MasterType:Thesis
Country:ChinaCandidate:D P ZhengFull Text:PDF
GTID:2206360092480512Subject:Business Administration
Abstract/Summary:PDF Full Text Request
After studying the contents with "SX-10 Law" concerning the oil and gas (O&G) cost of the international oil company, the article has systematically analyzed and compared the Sinopec and foreign oil company's O&G cost's differences, such as its classifications structures , and cost accounting etc .By analyzing the international oil company's common O&G cost's movement tendency and rule which has been outlined and showing in the recent 10 years, that is between 1991 and 2000, the article has compared and studied the differences in O&G costs between the Sinopec and foreign oil company, furthermore, it has taken impersonally part the real and internal reasons in details which has resulted in the differences at home and abroad.For instance, it has concluded the reasons that contribute to the long-lasting higher production cost of the Sinopec upstream in three aspects: firstly, it is due to the difference in its resource stratagem, that is, the foreign oil company can realize their O&G resource optimization by the way of resource electing and O&G assets replacement in the world market; secondly, since most of the Sinopec key oilfields have been in the middle or last development period which characterizing the "three high "(high water containing, high yield and high lifting rate), it has been an impersonal rule with a higher level of production cost; finally, another factor resulting in the higher production cost lies in the execrable operating and social environment which has been facing by the domestic oil company and a great amount of non-producing payout which owes to the bad environment. At the end, as far as the Sinopec O&G cost's more unification with the foreign oil company's and how to establish a scientific O&G controlling system and reduce the O&G cost scientifically are concerned, the article has put forward its countermeasure and advice, which full of guidance and real handling sense to some extent, from the point of view on building up a new running idea and stratagem.
Keywords/Search Tags:Sino-foreign oi l company, successful efforts methods, oil and gas cost
PDF Full Text Request
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