SWOT analysis on the prospects for commercial exploitation of natural gas hydrates resource in the South China Sea
Author of the article:CHEN Ye1, ZHAO Xiaohan1, JIANG Zhichen2, WANG Jiahui3, JIANG Xin4, BIAN Qi1, LIU Song1
Author's Workplace: 1.Offshore Oil Engineering Co. Ltd., Tianjin, 300451, China;2. Engineering Technology Branch, CNOOC Energy Development Co. Ltd., Tianjin, 300451, China; 3. China Petroleum Materials Co. Ltd., Beijing, 100029, China; 4. CNOOC China Ltd., Shanghai Branch, Shanghai, 200335, China
Key Words:South China Sea; Natural gas hydrate; Commercial exploitation; Prospect; SWOT
Abstract:
In the context of “dual carbon” goals, natural gas hydrate, as a clean energy source, holds
significant importance in improving the energy consumption structure of
traditional fossil fuels. This study applies the SWOT(Strengths, Weaknesses,
Opportunities, Threats) analysis method to establish the commercial
exploitation prospects of natural gas hydrate resource in the South China Sea.
By establishing a SWOT matrix, it discusses the strengths, weaknesses,
opportunities and threats associated with offshore development of this
unconventional fossil energy source. The matrix explores the development
directions and management strategies under the conditions of strengths-opportunities, weaknesses-opportunities, strengths-threats, and weaknesses-threats to promote the commercial exploitation
process. This study recommends to “enhance the specialization of
process equipment to promote the commercial exploitation of natural gas hydrate
resources”, providing a reference for strategic
planning in related sectors.