Reasons affecting the conformance of economic evaluation of oil and gas investment projects and its suggestions
Some oil and gas investment projects did not meet the expectations of the preliminary evaluation with the significant discrepancies.Program design is the main basis for economic evaluation,and is the primary factor affecting the degree of compliance with economic evaluation.Only when program design is effectively implemented,the investment returns meet the expectations of the preliminary economic evaluation.The irrationality of operational cost analysis and prediction,may lead to errors in economic evaluation.A longer evaluation period implies greater uncertainty and insufficient emphasis on benefits leads to distorted economic evaluation results.There is a big difference between economic evaluation and financial evaluation,and different perspectives of analysis can lead to cognitive bias.In order to improve the degree of conformity of economic evaluation,it is necessary to refine the design of the pre-feasibility study program,strengthen the construction of the economic evaluation system,enhance the capacity of economic evaluation,and emphasize the role of leading cadres in the economic evaluation work.
oil and gas investmenteconomic evaluationconformancereasonscountermeasures