Abstract
Under the requirement of high-quality development, the research method of integrated model planning for offshore oil and gas exploration and development suitable for the western South China Sea is put forward. Based on the new round of resource evaluation and exploration and development research in the western South China Sea, the in-depth research on underground oil and gas resources, surface development facilities, external factors and economic indexes are carried out to clarify the industrial layout of oil and gas development. The potential and prospect of oil and gas exploration and development were implemented, and the main external factors and corresponding measures affecting the planning were clarified in this paper. The economic evaluation model suitable for the region is established based on the analysis of internal rate of return, comprehensive barrel oil cost, critical price, financial net present value and other important indicators, and a set of planning and research methods suitable for the integration of exploration and development in the western South China Sea is finally formed. This method has been applied to the replacement reserve study of Weizhou X and Weizhou Y oil fields. It is found that the planned reserves and production are consistent with the actual ones, and good practical results have been achieved.
Highlights
Research BackgroundWith the deepening of exploration, the level of refinement of oil and gas exploration in the western South China Sea is getting higher and higher, and the dif-
Under the requirement of high-quality development, the research method of integrated model planning for offshore oil and gas exploration and development suitable for the western South China Sea is put forward
The economic evaluation model suitable for the region is established based on the analysis of internal rate of return, comprehensive barrel oil cost, critical price, financial net present value and other important indicators, and a set of planning and research methods suitable for the integration of exploration and development in the western South China Sea is formed
Summary
With the deepening of exploration, the level of refinement of oil and gas exploration in the western South China Sea is getting higher and higher, and the dif-. Wu ficulty of breakthroughs in exploration is becoming more and more difficult. The exploration, development, production and resources are coordinated, and a set of research methods of exploration and development suitable for the western South China Sea are developed, which provides a reliable basis for planning [1]. The methods provide the necessary guarantee for exploration and development, which play a leading role in planning, and clarify the planning objectives
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