China Petroleum Exploration ›› 2010, Vol. 15 ›› Issue (3): 55-58,8.

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A New Method of Oil & Gas Play Economic Evaluation in the Sea

Zhang Houhe and Chen Rong   

  1. Zhang Houhe,Chen Rong CNOOC Research Center,Beijing,100027
  • Online:2010-06-15 Published:2010-06-15

Abstract: The economic evaluation of oil & gas play is an important work tache of resource evaluation, exploration plan and decision making for stock companies, and have important significance to frame exploration deployment and to program the middle-long term exploration planning. The new method of evaluation of oil & gas play in the sea, named the dynamic simulation of exploration and development full cycle, is put forward. The new model and evaluation system have been established, according to the characteristic of the oil & gas exploration and development in the sea, contra posing to the main risk factors and the resource distribution characteristic of the oil & gas play, integrating with development and engineering model. The evaluation thoughts, main process and technology traits of the method are introduced in the article. The example indicates favorable applying result.

Key words: oil and gas play, economic evaluation, marine, exploration, development

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