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Your Position :Home->Past Journals Catalog->2016 Vol.3

Optimization Method for Investment of Oil Fields Based on the Maximization of Operating Performance
Author of the article:Zhu Lihui, Luo Dongkun, Meng Xin
Author's Workplace:1.Department of Business Administration, China University of Petroleum;2.Chongqing Institute of Geology and Mineral Resources;3.Sinopec Research Institute of Petroleum Exploration and Production
Key Words:Investment optimization; Investment decisions; Operating performance; Investment scale; Investment structure
Abstract:

In order to guarantee the investment benefit and long-term stable development of oil field, to optimize the investment structure, to achieve the optimal allocation of resources and funds, the evaluation methods on operating performance, investments species composition of oil fields, corresponding benefits of different types of investments and relationship between all kinds of investments and their corresponding benefits were discussed from the issue of investment optimization faced by oil fields. On this basis, the relationship function between various investments and operating performance of oil fields was established, and then the model for optimization of investment scale and structure based on the strategy of maximized operating performance was successfully built by nonlinear programming method. This optimization method and model are applicable to investment decisions of various oil fields in China, and can serve as decision-making tool for the oilfield investment planning.

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