RESEARCH ARTICLE


Comparative Analysis on the Comprehensive Benefits of Unconventional Gas Fields in Sichuan Basin Between Joint Development Model and Independent Model



Shen Xilin1, *, Yin Ping2
1 Department of Economics Management, Southwest Petroleum University, Development Research Center for Sichuan petroleum􀀁and Natrual Gas, Chengdu, P.R. China 610500
2 Department of Finance, Southwest Petroleum University, Chengdu, P.R. China 610500


Article Metrics

CrossRef Citations:
0
Total Statistics:

Full-Text HTML Views: 141
Abstract HTML Views: 666
PDF Downloads: 198
Total Views/Downloads: 1005
Unique Statistics:

Full-Text HTML Views: 114
Abstract HTML Views: 440
PDF Downloads: 152
Total Views/Downloads: 706



© 2015 Xilin et al.;

open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Correspondence: * Address correspondence to this author at the 8 Xindu Avenue, Xindu District, Chengdu, Sichuan, P.R. China; Postcard: 610500; Tel: 13730664451;


Abstract

With the rapid depletion of conventional natural gas resources in China and the increasing demand for natural gas as well as the improvement in the exploitation technologies of natural gas, the development of unconventional natural gas resources is rather urgent and feasible day by day and possible at the same time. However, the development of unconventional natural gas fields in China started rather late and slowly, lacking experience. In order to alleviate the conflict between the demand and supply, the development of unconventional natural gas is developing rather rapidly now. In this paper, the unconventional natural gas fields in Sichuan Basin were set as the research objects, with the comparison between two development models --- independent development and joint development, and a comprehensive benefit evaluation system was built with such indexes as technologies, costs, management and risks. Through the study, it showed that the benefit from independent development model outweighed that from the joint development, and the reason for it lay in that the cost indexes in independent development model were far lower than that in joint development model, which covered a rather big portion in the evaluation system. But, if the operators in joint development projects could strengthen the cost control, and cut it down equivalent to the cost level in independent development model, the benefits from joint development model would be better than those in independent development model. Such conclusion would provide references for decision making in the development and exploitation of unconventional natural gas fields.

Keywords: Comprehensive development benefits, Development costs, Development risks, Development technologies, Unconventional natural gas fields.