海外在执行勘探项目风险-价值综合评价方法

doi:10.11743/ogg20160621

Abstract

Abstract: Despite a great progress has been achieved in overseas business in recent years,Chinese oil companies have been facing problems in recovering their exploration investments.The situation has been exacerbated by falling oil price started in mid 2014.It seems that the companies are in an urgent need of a risk-value assessment method for their overseas exploration projects so as to avoid investment losses and improve exploration deployment.There are many risks in the operation of the existing exploration projects,including internal risks,namely geological risk and exploration technology risk,and external risks,like political risk,security risk in host country of the resources,and contract risk from the project itself.The risk-value assessment method proposed here focuses on the resource potential of the exploration projects concerned,with consideration of both the internal and external risks.Four types of project characteristics combinations,including low risk-low value projects,low risk-high value projects,high risk-low value projects and high risk-high value projects,are also proposed before putting forward a strategy and suggestion for optimizing exploration business.The merits of the method have been verified through applications in controlling project risks,adding reserves,and implementing economic targets.It is also proven useful in optimization of exploration assets and business deployment.

Key words: internal risk, external risk, portfolio optimization, risk-value assessment, overseas exploration project, petro-leum exploration strategy

CLC Number:

TE132.1

Ji Zhifeng, Li Fuheng, Pan Xiaohua, Shi Lei, Wu Yiping, Hou Ping, Luo Dongkun, Guo Rui, Yang Zi. Risk-value assessment of existing overseas exploration projects[J]. Oil & Gas Geology, 2016, 37(6): 990-996.

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Risk-value assessment of existing overseas exploration projects

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