Challenges of Oil Companies' Upstream Business under Low Oil Price Condition

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摘要 Currently, oil companies face the "new normal" condition that the profit of their upstream business is shrinking with the plunge of oil price. This problem challenges the operation and management of the upstream business. Therefore, it is essential to find out the new approaches and key points of work, to achieve the goal of realizing a quality and sustainable development. From ten aspects, this paper discusses the challenges facing the upstream business of oil companies and puts forward corresponding roadmaps and strategies.

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	Qu Debin
	Qu Haixu
	Zhao Meng
	Li Feng

关键词 ： low oil price, oil companies, optimization of oilfield management, strategies

Abstract：Currently, oil companies face the "new normal" condition that the profit of their upstream business is shrinking with the plunge of oil price. This problem challenges the operation and management of the upstream business. Therefore, it is essential to find out the new approaches and key points of work, to achieve the goal of realizing a quality and sustainable development. From ten aspects, this paper discusses the challenges facing the upstream business of oil companies and puts forward corresponding roadmaps and strategies.

Key words： low oil price oil companies optimization of oilfield management strategies

出版日期: 2016-01-19

引用本文:

Qu Debin, Qu Haixu, Zhao Meng, Li Feng, An Qi'er. Challenges of Oil Companies' Upstream Business under Low Oil Price Condition[J]. 中国油气, 2015, 22(4): 33-38.
Qu Debin, Qu Haixu, Zhao Meng, Li Feng, An Qi'er. Challenges of Oil Companies' Upstream Business under Low Oil Price Condition. China Oil & Gas, 2015, 22(4): 33-38.

链接本文:

http://www.coag.com.cn/CN/ 或 http://www.coag.com.cn/CN/Y2015/V22/I4/33

[1]	Xu Hong, et al.Economic Evaluation Method and Parameters for Oil Projects.Beijing:China Planning Prss, 2010.
[2]	Qu Debin, et al.Optimization Method and Application in Oil and Gas Development Planning. Beijing:Petroleum Industry Press, 2013.
[3]	Xu Kun, et al.A Discussion on the Development Strategies of China's Oil Companies in the Context of Low Oil Price. Oil Forum, 2015, 34(4):3-4.
[4]	Qu Debin,Wu Ruoxia.The Theory and Practice of Scientific Decision-making in Oilfield Development Planning. Acta Petrolei Sinica, 2002, 28(3): 34-38.
[5]	Qu Debin, et al.The Application Research of Oil Development Costs in Reservoir Management. China Oil & Gas, 2011, 68(1):34-39.