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| Challenges of Oil Companies' Upstream Business under Low Oil Price Condition |
| Qu Debin, Qu Haixu, Zhao Meng, Li Feng, An Qi'er |
| PetroChina Research Institute of Petroleum Exploration and Development |
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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.
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Published: 19 January 2016
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| [1] |
Xu Hong, et al.Economic Evaluation Method and Parameters for Oil Projects.Beijing:China Planning Prss, 2010.
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| [2] |
Qu Debin, et al.Optimization Method and Application in Oil and Gas Development Planning. Beijing:Petroleum Industry Press, 2013.
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| [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.
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| [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.
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| [5] |
Qu Debin, et al.The Application Research of Oil Development Costs in Reservoir Management. China Oil & Gas, 2011, 68(1):34-39.
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2015, Vol. 22 
