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Study On Cost Management Of Fuyu Oil Production Plant

Posted on:2017-04-28Degree:MasterType:Thesis
Country:ChinaCandidate:W WeiFull Text:PDF
GTID:2309330482494090Subject:financial director
Abstract/Summary:PDF Full Text Request
Late June 2014, the domestic and foreign oil gas prices lower, global oil prices fell 70%, FY oil production plant revenue fell sharply. More than a year and a half of the downward curve of oil prices, continued to fall below the authority of the parties forecast. On the basis of the analysis of related factors, oil prices within a period of time in the future there is no obvious is expected to rise, 2016, oil prices are expected to not more than $50 a barrel, era of low oil prices have entered and the price of mineral water on an equal footing. Low oil price is the primary factor that affects the efficiency of FY oil production plant. High oil prices, oil companies generally exist in the cost of hard growth, extensive management, blind expansion of production scale, ignoring the benefits and other issues, low oil prices like a magnifying glass, so that these issues are more dominant.Oil production plant after 50 years of development, entered the post, according to the characteristics of mining industry, resource taste variation, remaining resources to low permeability, low abundance, thin reservoir tight oil, reserve production imbalance, resource to replace difficult, due to lower international oil price shocks, and old oilfield stable production in development and the management difficulty is more and more big, to accelerate the decline in economic benefits and crude oil yield two curves, relying on increase investment driven development unsustainable. As the Jilin oil field to expand their own business right reform steadily, at the beginning of this year, oil companies issued total compensation and benefits are linked to and investment in order to benefit as the standard are more likely to have the benefit of oil production plant of the policy, which on the current production is losing money, is negative effect of oil production factory, no doubt, is a difficulty. Profound changes have taken place in FY oil production factory is faced with internal and external business environment crisis in front, how to effectively improve FY oil production plant management level, increase income and reduce expenditure, lowering the efficiency has become FY oil production plant is an urgent problem. The through FY oil production plant in the organizational structure, personnel, resources, equipment were evaluated by business indicators in recent years, in-depth analysis is the main reason for the FY oil production plant of high cost, and points out the period of high oil prices the cost management of the existing problems. This paper puts forward some improvement measures for the problems in the low oil production plant. Finally, the paper draws the conclusion that it can provide a strong support for the sustainable development of the oil production plant with quality and efficiency.
Keywords/Search Tags:Cost management, Activity-Based Cost, Lowering the efficiency
PDF Full Text Request
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