Case Study On Internal Control Of Procurement Business Of C Oilfield Company

In recent years,China's dependence on foreign oil and gas has been increasing.In order to ensure high-quality supply and energy security,the National Energy Administration formulated the “Seven-year Action Plan” to increase oil and gas reserves and production in2019,ushering in a major strategic opportunity for the oil and gas exploration and development industry.At the same time,the oil and gas exploration and development industry faces many challenges.The “Dual carbon” goal and increasingly strict energy conservation and environmental protection policies have put forward new requirements for green transformation of the oil and gas exploration and development industry.The diversified development of oil and gas exploration and development market leads to increasingly fierce competition among enterprises,and oilfield companies need to strengthen their internal control and improve risk management.With the increasing variety and quantity of materials needed for production and construction,the operation benefit of oilfield companies is more and more influenced by procurement.Therefore,under the current background,it is of great significance to improve the internal control of procurement business for oilfield companies to grasp opportunities,meet challenges and achieve high-quality development.This paper chooses C Oilfield Company as the research object,and divides its purchasing business into four key links: planning and requisition,supplier management,procurement execution and pricing,acceptance and payment,from the specific process,key risk points and control measures,the paper carded and analyzed the internal control status of its procurement business.Through the study,it is found that C Oilfield Company currently has some problems affecting the effectiveness of internal control of procurement business,such as defects in the preparation of some procurement plans,non-standard supplier management,the efficiency of procurement approval to be improved,and unreasonable procurement pricing mechanism.In view of the defects in the internal control of procurement business of C Oilfield Company and their causes,this paper puts forward specific suggestions for improvement,mainly including improving the scientific rationality of procurement plan preparation,establishing a perfect supplier management system,optimizing the procurement approval system and strengthening the control of procurement pricing.Through the above improvement suggestions,it is hoped that it can play a certain role in improving the internal control construction of C Oilfield Company's procurement business,promoting its business development,and enhancing its core competitiveness.Meanwhile,it is also hoped that the analysis and summary of the case of C Oilfield Company in this paper can enrich the research on the internal control of procurement business of oilfield companies and provide reference for other similar enterprises.