Economic Feasibility Study On Oilfield Of Zhanjiang Company Island B Oilfield In CNOOC

Feasibility study is the scientific method and working procedure of comprehensive technical and economic analysis to the quasi investment projects before the investment decision. Namely, it is a financial, economical and technical argumentation through a series of investigation and study, which in terms of analysis and study in market research, technical analysis and the project resource conditions. Feasibility study is a pursuit of demonstration projects in technology advanced and applicable; economic rationality and profitability; the meaning of social development goal and social mutual adaptability, thus it can provides reliable basis for investment decisions.According to the "methods and parameters of economic evaluation for construction projects (Third Edition2006)" issued by China’s National Development and Reform Commission;"preparation method of economic feasibility study report on oil and gas upstream projects "issued by China Offshore Oil Corporation; the data of sea exploration and observation and analysis of the reservoir geology of CNOOC Zhanjiang Branch Company B Island oilfield; the data of the economic feasibility demonstration, in accordance with the rounding-off method, this paper using the theory and principle of economic feasibility study for the investment projects, to achieve the comprehensive and systematic demonstration and research on economy feasibility of CNOOC Zhanjiang Branch Company B Island oilfield.Firstly, this paper utilizes the theories, principles and methods of the feasibility study on economic technology of the project;Secondly, this paper calculated and demonstrated systematically on the investment estimation of B Island oilfield construction scheme, engineering quantity estimation, this paper in combination of crude oil production proration, as well as the future input and output expected on B Island oilfield development and construction, considering the possibility conditions of B Island oilfield and related economic parameters on offshore oil field development and construction by CNOOC headquarters;Thirdly, based on the analysis on above data, this paper has a series of economic evaluation indicators for determination, such as:FNPV, FIRR, investment payback period, investment profit rate, investment profit and tax rate, etc;In the end, after the comparison with the oil field project economic evaluation index by CNOOC headquarters, this paper proposed economic and feasible decisive recommendations on "B Island Oilfield Project". At the same time, this paper also put forward the preliminary suggestions on the risk aversion based on the demonstration on the risks that may exist in the project.This research has a certain reference value for CNOOC Zhanjiang Branch Company, which about whether to achieve the development and investment on B Island oilfield.