Economic factors of SEC reserve evaluation in Henan Oil Field

Li Xianlu; Long Weijiang; Yu Xiaohong; Yang Fei; Yu Qiang; Liu Junhong

doi:10.11781/sysydz201205518

Volume 34 Issue 5

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Li Xianlu, Long Weijiang, Yu Xiaohong, Yang Fei, Yu Qiang, Liu Junhong. Economic factors of SEC reserve evaluation in Henan Oil Field[J]. PETROLEUM GEOLOGY & EXPERIMENT, 2012, 34(5): 518-521. doi: 10.11781/sysydz201205518

Citation:

Li Xianlu, Long Weijiang, Yu Xiaohong, Yang Fei, Yu Qiang, Liu Junhong. Economic factors of SEC reserve evaluation in Henan Oil Field[J]. PETROLEUM GEOLOGY & EXPERIMENT, 2012, 34(5): 518-521. doi: 10.11781/sysydz201205518

Citation:

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Economic factors of SEC reserve evaluation in Henan Oil Field

doi: 10.11781/sysydz201205518

Research Institute of Petroleum Exploration and Production, SINOPEC Henan Oilfield Company, Nanyang, Henan 473132, China

Received Date: 2012-05-17
Rev Recd Date: 2012-08-03
Publish Date: 2012-09-28

Abstract

Abstract

According to the new SEC rules,reserve concept has been changed from the original geological reserves to remaining recoverable reserves accompanied with the market economy built and completed,especially after the Sinopec listed successfully overseas.Economic factors play an important role during SEC reserve evaluation process.The study analyzes all kinds of economic factors in the reserve evaluations of the Henan Oil Field.Understanding the influence of economic factors in SEC reserve evaluation has a predictive significance on reserve evaluation.
- economic limit,
- operating cost,
- oil price,
- remaining recoverable reserve,
- SEC reserve,
- Henan Oil Field