(Shengli Oil Administrative Bureau , SINOPEC , Dongying, Shangdong, 257001)
By means of the breakeven principles of techno-economy, this paper makes a preliminary study on the method of determining economic lifetime of oil field's development projects. It is hoped that this study will have certain guiding significance for correctly developing the techno-economic evaluation and decision-making work of such projects.
Keywords: oil field's development project, economic evaluation, economic lifetime
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