Research Of Benefit Evaluation Model Of Overseas Petroleum Project And System Design

Petroleum is a basic non-renewable energy source, and also a strategic resource of modern world, related to the stability of national economy, society and national security issues. The sustainability and stability of China’s economic and social development cannot be achieved without a safe and steady supply of oil and gas. However, while the domestic oil market is in short supply, our country’s dependence on foreign oil has reaching up to 50%.China’s oil enterprises should make full use of "two resources and two markets" of both home and abroad, speed up the pace of "going out", fully participate in the competition of offshore oil and gas exploration and development. Nevertheless, China’s oil enterprise started relatively late, and there are still many negative factors in the competition of international oil and gas market. A great quantity of systematic and scientific exploration and innovation are required. In this paper, the basic theories of project economic evaluation and analysis are thoroughly investigated basing on Sino-foreign cooperative oil projects; by the investigation of economical evaluation index of overseas oil project, and basing on the contract model of cooperative overseas oil projects, an economic evaluation model of overseas oil cooperation project is established; and a information system for economic benefit evaluation is developed according to the designed evaluation model of overseas projects. The system could not only realize the full life cycle management of overseas oil and gas cooperation projects; during the implementation process of overseas oil cooperation project, it could also track and evaluate the implementation of the project, assess the economic benefit during the remaining contract period and the whole contract period, execute sensitivity analysis and scenario analysis for the key factors and indicators. The results of evaluation and analysis can provide assistance for managerial and operational decision-making and investment decision-making in remaining period of the contract. By a case study of a Sino-foreign oil cooperation project, track and evaluate the entire life cycle of the project basing on the specific content of the project contract, we not only evaluate and analysis the historical data, but also estimate the project’s future situation and overall situation, provide decision-making support for administrators.