Research On Idle Fixed Assets Management Of Oil Development Enterprise

With the major oilfield developed deeply in China, oil and gas exploration becomes more difficult. In order to ensure the sustainable exploitation of oil development and stable production, when oilfield development entering mid-late period, it needs large investment to implement oilfield maintenance, thus it formed a larger scale of idle fixed assets. The idle fixed assets in petroleum development enterprise has the characteristics of wide distribution, large stock and various types. How to allocate idle fixed assets reasonably to fully utilize them to achieve the maximum return on investment is currently the major work for asset management of oil development enterprise. Thus strengthening the study on idle fixed assets management of oil development enterprise has important practical significance for improving the economic benefit of enterprises.The purpose and significance of the research on idle fixed assets management of oil development enterprises are firstly discussed in this paper, the results of existing studies are reviewed, and the theory of idle fixed assets management and the constitution of idle fixed assets of oil development enterprises are overviewed. Based on the analysis systematically on the current status of idle fixed assets management of state-owned oil development enterprises and the causes and hazards of idle fixed assets, the major problems of idle fixed assets management of oil development enterprises are proposed. The countermeasures to improve management of idle fixed assets of oil development enterprises are put forward from operational management and technical management aiming at existing major problems in idle fixed assets management. In operational management, the countermeasures for idle fixed assets management are proposed such as clarifying the structure, responsibilities, work processes and operation criterions and promoting dispensing and disposal management, rental management, liquidation management, the decision analysis method for renting or liquidating idle fixed assets for petroleum development enterprises is designed. In technical management, the countermeasures are put forth such as strengthening pre-audit, improving the procedures and policies of management, establishing evaluation system and strengthening effect supervision for technical transformation investment of idle fixed assets.