Shengli Oilfield Into The Strategy Of The International Oil And Gas Resources Market Study

Shengli Oilfield is one of the main petroleum industry bases in China. It has been playing an important role in Chinese economy growth since 1960s. Just as other oilfields in Eastern China, Shengli's huge production employment becomes a serious burden for its future development without sufficient petroleum resources underground. At the same time, China became a net oil importer from 1993. Therefore, it is necessary for Shengli to engage the exploration for and exploitation of international petroleum resources, which will bring benefit not only for Shengli itself, but also for the whole country's economy. The aim of this thesis is to make some strategic suggestions for state-owned oil companies like Shengli to do their international Exploration & Production business.The world's petroleum potential and distribution are shown in this thesis. The characteristics of international exploration and production (E&P) are introduced and Shengli's competitors are classified and profiled. Shengli can learn a lot from the success operation of the major oil companies and the national oil companies across the world.Abundant oil resources provide China's oil companise a lot of chances to do operation internationally. However, the competition is fiercer and the business environment is totally different for the operation associated with E&P activities in international resources market. It is essential important to be acquainted with the host country's petroleum laws, legislation and petroleum contract. The types and the changing trends of petroleum contracts are illustrated, so that Chinese oil companies can make scientific decisions based on a better understanding of themselves and the outside settings.SWOT analysis is a useful tool in the process of strategy research. The S, W, O and T for oil companies have their unique characteristics. Each company shall adopt a strategy that is suitable according to its strength. The main oil producing areas are ranked based on the analysis of their potential, legislation, investment and cooperation settings. Five resources market entrance methods and suitable operation ways are proposed. And finally, the business management system and human resources system should be reconstructed in order to do international E&Ps. Shengli and many others are and shall be able to be qualified to do international businesses.