A Research On Oil And Gas Reserves Management Internationalization

Oil and gas reserves,as a kind of strategic resources and assets in overseas projects, is a solid foundation for Chinese overseas projects to survive and develop. Classified management of oil & gas reserves is not only the premise of realizing modern reservoir management for single project, but also the basis of implementing global development strategy planning for international oil companies. Serious lack of domestic petroleum resources and fast growth of economy situation compel China petroleum enterprises go abroad to develop global petroleum resources. Although China petroleum enterprises have made large progresses in going abroad,there are still certain gaps if being compared with the international large oil companies,especially when facing different reserves classification standards and assessment methods, the scientific, standardized and informatization management problems are more outstanding of oil/gas reserves in overseas projects.At present, relevant reserves classification standards are basically SPE standards, SEC standards, Canadian standards, Russian standards and China standard, etc. which are involved with oil reserves management in overseas projects. Reserves assessment reports from overseas projects come from the project host countries of the resources, international well-known reserves appraisal institutions and the domestic research institutions, etc. when you are facing the multifarious different reserves classification standard and assessment methods, it is very difficult to solve the scientific, standardized and informatization management problems of oil/gas reserves. This main purpose of the paper is that,at first find out some appropriate methods to classify these reserves assessment results in different standards into one single SPE standard, which can lay sound foundation in making strategic decisions in project performance evaluation, producing and trading oil/gas reserves, effectively utilizing resources and revitalizing company assets, and then probes how to establish one set of reserves internationization management system for oversea oil projects, which let oil/gas reserves management in overseas projects be integrated into the international track. Therefore, this research subject has both certain academic theory research value and strong practice operation significance.Research on oil reserves evaluation and classification management in overseas projects is regarded as one major topic in this article, it starts with the oil/gas reserves classification standards and assessment methods in China, America (SPE/WPC, SEC), Russia and Canada and other countries, and it in detail discriminates classification differences in oil/gas reserves definition and evolutionary processes among various reserves standards. It explores the similarities and differences in the oil reserves management modes among the domestic and foreign reserves standards, and compares and analyzes these domestic and foreign oil reserves assessment methods. After that, in order to solve the realistic problem of hardly realizing the unified management of various reserves standard and assessment methods for overseas projects in the internationalization process of China petroleum companies, it probes into some principles and methods of various reserves standard classified management on the basis of investigating and surveying oil/gas reserves management modes in international oil companies. Finally, this article puts forward overseas reserves internationlization management system to satisfy Chinese petroleum enterprises with different domestic and foreign needs.Research on oil reserves management internationalization helps to establish a set of integral reserves assessment methods and management system, and brings oil reserves management into the internationalization road. Research on international oil reserves evaluation methods and classified management methods is in favor of meeting the needs of the SEC listed assessment and petroleum resources reserves management by our country, and fast response to overseas oil and gas project assets transaction decision-making, and overseas exploration and development deployment and planning decision-making, making Chinese overseas exploration and development projects always in a virtuous circle of the orbit.