Research On Bidding Pre- Decision For International Petroleum Projects

Oil is the important material basis for the subsistence and development of the mankind and with the increasing demand on it, it is an inevitable trend for petroleum enterprises to carry out the projects internationally. Bidding has caught redoubled attention from various countries due to economic and political values. If the petroleum enterprises aim to win the bidding with the lowest price, minimum risk and maximum expected return, bidding decision before bidding undoubtedly becomes the key link throughout the whole project. Therefore, it is significantly essential to analyze international bidding situations and the inner-outer environment for projects to make right bidding decisions with all means.Based on the studies on petroleum projects bidding cases at home and abroad, focusing on the pre-bidding decision-makings, depth analysis are made for petroleum enterprises to carry on the projects bidding. Firstly, it focuses on the study of characteristics of decision-making in international petroleum project bidding and then the contents of pre-bidding decision-makings in international petroleum projects, which includes three aspects that political risk assessment, project election decision assessment and bidding partners selection for bidding assessment. Secondly, while making political risks evaluation, the author states the necessity of political risks assessment, and establishes the assessment evaluation indicators system, then, the risk assessment of gray matter-element model (FHW) is established. Thirdly, while making projects selecting evaluation, the paper states the principles of constructing the evaluating indicators system, and establishes the initial indicators system. Then, considering the big numbers of indicators and correlation among indicators, SPSS statistical software is used to select from initial indicators. Last, the final system is given out. Fourthly, while making bidding partners electing evaluation, the author states the ways of syndicated bidding, and then sets three factor as first grade indicators. Finally, the petroleum project in Ecuador taken as an example, paper further elaborates the practical application of pre-bidding decision-makings system with the FHW.