An Oil Depot Construction Project Economic Evaluation Of CNOOC

Economic evaluation theory continues to perfect with the development of our economy.Determine project feasibility by economic evaluation becomes the main basis of project construction.As an important industry of our country,the project construction investment of oil industry is huge,the environment is complex and the uncertainty is extremely strong.Oil construction projects are influenced by many factors,which can be concluded of finance and risk.Therefore,it is the basis and premise of oil construction project investment to evaluate the economy and uncertainty from the viewpoints of both finance and risk.Based on the construction of integration project oil depot of CNOOC,combined with the literature research and the basic theory,market demand and competition environment were analyzed to propose the advantages of oil depot construction.On this basis,financial feasibility of oil depot was evaluated by liquidity analysis and profitability analysis,while breakeven analysis and sensitivity analysis ware used to measures the uncertainty of the project,and fuzzy comprehensive evaluation model was taken to assess the risk of oil depot project from aspects of policy,marketing,finance and security.The results showed that: oil depot project has good profitability and solvency,and the project risk is "low".Oil depot project economic evaluation indicates construction feasibility and provides a reference for other similar projects.