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    Your Position :Home->Past Journals Catalog->2024 Vol.6

    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.

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