Analysis On Multinational Operation Of China Petroleum Technology Service Enterprises

In recent years,the price of the crude oil has been reaching new highs.The organization of petroleum exporting countries(OPEC)adopted the method of increasing the oil production and controlling the price at the same time to avoid the excessive rise of the oil price which would stimulate the rapid development of the new energy companies.This results in the oversupply of the crude oil in the market and the market price of the international crude oil declines heavily,which leads to the native impact on the global oil and gas industry,and spreads to the whole oilfield engineering technical service market.Meanwhile,Chinese oil demand has been increasing year by year,which promotes the Chinese petroleum enterprises to develop multinational operations.A variety of performances in the multinational operations show there is still a large gap between Chinese petroleum enterprises and international petroleum enterprises in the aspect of capital,technology,management,etc.In this paper,comparing with the present international political environment,we analyze the current situation of the domestic and international oil and gas technical service market and the petroleum service enterprises' management characteristics.We focus on the operation experience of the famous international petroleum technology service enterprises,and expound the current status and the existing problems of multinational operation of CNPC,Sinopec and CNOOC.Based on these situations,we adopt the SWOT analysis method to analyze the international operation of China‘s petroleum enterprises.In the end,we put forward concrete suggestions on the international development and multinational operation for China's petroleum technology service enterprises from the aspects of the strategic decision-making,strategic choice and strategic implementation.