Development Trend and Revelations Regarding the Oil and Gas Upstream Sector

作     者：Hou Mingyang 

作者机构：Sinopec Petroleum Exploration and Production Research Institute 

出 版 物：《China Oil & Gas》 (中国油气（英文版）)

年 卷 期：2017年第24卷第1期

页      面：42-47页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：Upstream investment Operating cost Finance and taxation clause Exploration efficiency Purchasing 

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 *** 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 *** accordance with the above-mentioned development trends,Chinese oil enterprises must be prepared in four aspects for future ***,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 out to realize transformation in the petroleum industry.