Development Trend and Revelations Regarding the Oil and Gas Upstream Sector

• 来源期刊: 中国油气（英文版）
• 年，卷（期）: 2017,（1）
• 页码范围: 42-47
• 页数: 6页
• 语种: 英文

摘要

Since July 2014,when the international oil price slumped,the upstream sector of global oil and gas industry has experienced a tough transformation phase lasting over two years.In terms of the development trend,the global upstream sector has demonstrated six characteristics since 2017:firstly,global upstream investment will probably demonstrate the trend of "touching the ground and rising again";secondly,upstream operating costs will continually decline;thirdly,more favorable finance and taxation clauses will be offered for some resources to be developed through foreign cooperation;fourthly,global oil and gas output will probably further increase;fifthly,upstream exploration efficiency is anticipated to steadily increase;and sixthly,upstream geological understandings,theory and technology will continue to advance.In accordance with the above-mentioned development trends,Chinese oil enterprises must be prepared in four aspects for future rejuvenation.Firstly,persistent upstream investment has to be guaranteed,particularly in the exploration field;secondly,upstream operation efficiency must be promoted through the enhancement of technical research;thirdly,overseas upstream property must be purchased within the "time window";and fourthly,reforms have to be carried oat to realize transformation in the petroleum industry.