Internet Workstation

Edition and Publication

Edition and Publication:
< Natural Gas and Oil > Editorial Department
Hosted by:
China Petroleum Engineering & Construction Corporation Southwest Company
Authorized by:
China Petroleum Engineering & Construction Corporation
Co-hosted by:
Overseas Research Center of Research Institute of Petroleum Exploration and Development
Editor in Chief:
Du Tonglin
Vice Editor in Chief:
Tang Xiaoyong,Pu Liming
Address:
No.6, Shenghua Road, High-tech District, Chengdu, Sichuan, China
Postal Code:
610041
Tel:
028-86014709
028-86014500
Email:
cnpc-ngo@cnpc.com.cn
Issue:ISSN 1006-5539
          CN 51-1183/TE

Links

    Your Position :Home->Past Journals Catalog->2020 Vol.1

    Optimization Model of Overseas Oil and Gas Exploration Block Based on Utility Theory
    Author of the article:Liu RuoLei,Liu Jianye,Luo Dongkun
    Author's Workplace:School of Economics and Management, China University of Petroleum (Beijing), Beijing, 102249, China
    Key Words:Overseas oil and gas;Block selection;Utility theory;Projection method
    Abstract:

    In recent years, China's oil and gas dependence on foreign countries has been rising, coupled with the fluctuation of international oil prices, China's oil and gas companies in overseas development benefits need to be guaranteed, and the importance of block selection is increasingly prominent.Block selection model is established for overseas onshore conventional oil and gas exploration projects,and the influencing factors of oil and gas selection are summarized into economic value, risk and strategic value.In order to make the evaluation results satisfy decision makers to the greatest extent,this paper conducts a comprehensive evaluation of the block based on the utility theory and the analysis of influencing factors of block selection.The weighted utility matrix was established by defining the utility function and combining the subjective and objective weights,and the proximity of each block to the ideal block was calculated by the projection method.Finally, through the case analysis of the model application, the corresponding block ordering of decision makers with different preferences is given.The model provides reference for the investment decision making of oil companies.

    CopyRight©2025Natural Gas and Oil Editorial Office Reserved 京ICP备11013578号-1