Economy Performance Evaluation Of Petroleum Extraction Project

Oil is primarily used as a fuel and gasoline，Fuel oil and gasoline composition is theworld’s most important energy sources, as the blood of the national economy, itself anon-renewable even more particularly important. Oilfield development as a pillar of theenergy industry in China, has become the main artery of the national economy, and oilproduction plant in the oil field as a unit of production has a pivotal position to determine thesuccess or failure of the oilfield. Risk factor for oil exploration project, sunk costs, highcapital investment, technology-intensive, and how to improve the oil productiondevelopment and construction projects to achieve maximum efficiency, to gain maximumbenefit, has become the focus of world concern; how the effective use of project funds.reasonable proportion of the funds, how to reduce the risk of the use of funds, how toimprove the utilization of funds, how to manage the construction project, and ultimately howto improve the economic benefits of oil and gas fields of project development direction is tobe discussed in this article. Project economic efficiency evaluation system, in a project orprogram than selected as the basis for decision making, and has a very important role withthe investment negotiations between the parties, and to promote equality, cooperation, andprovide a reference.In this paper, based on analysis of research scholars at home and abroad, theorganization’s research and evaluation of economic benefits of oil and gas field developmentand construction projects defined analysis of the role and the necessity to carry out theevaluation of economic benefits in oil field development and construction projects. Thisarticle focuses on the systematic study of the most important economic benefits in thedevelopment of oil production plant construction projects evaluation after evaluation anddiscusses. Economic benefit evaluation of construction projects in China’s oil industry, failedto form a perfect unified system, this paper analyze and summarize the evaluation indexsystem of the economic efficiency of various industries, combined with the actual oil and gasprojects, the EVA index into the evaluation system, so that the economic benefits evaluationresults better reflect the actual profitability of the project. Economic benefit evaluation of oilproduction plant JL Oilfield Company XM block development and construction projects, theinvestment structure changes from the project, the cost comparison analysis, project financial profitability calculation analysis and project management risk assessment of four aspects ofthe system to carry out the evaluation of the economic benefits of the project. Finally, selectthe comprehensive evaluation method of fuzzyThis article take the form of a research report, by production XM blocks can build theunderground, the ground projects use a series of evaluation, based on2011constructionprojects related production data calculated according to the actual operating conditions andevaluation period forecast data project periodvalue of sales revenue, production costs, profitsand internal rate of return, payback period and other indicators and feasibility reports toanalyze the reasons for the changes, the project did not achieve the desired objectives, topropose a solution; make scientific and reasonable evaluation of economic benefit; oilfieldprojectthe design and assessment of the economic benefits of building programs effectiveand feasible program.