DocumentCode
3183747
Title
Notice of Retraction
On high-cost block analysis under sustainable development view
Author
Xuena Xu ; Jinlan Liu ; Qingzhi Liu
Author_Institution
Sch. of Bus., Ludong Univ., Yantai, China
fYear
2011
fDate
8-10 Aug. 2011
Firstpage
5077
Lastpage
5080
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Today, faced up with the frequent fluctuations in international oil prices, domestic oil enterprises must reduce costs as much as possible in order to enhance its ability of resisting risks. As the bottleneck in oil company´s development, high-cost block is even more important and difficult during management process. Therefore, study on high-cost blocks´ analysis and management countermeasure is conducted, using one oilfield as an example. Firstly, the principal component and cluster analysis model is applied for assessment and managerial focuses are accordingly pointed out. Then, according to the present production and management conditions influencing high cost level, an innovative management mode is promoted to meet the objective of reservoir management decision, which will continuously optimize oil company´s activity and build up a long-term mechanism of block sustainable development in future.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Today, faced up with the frequent fluctuations in international oil prices, domestic oil enterprises must reduce costs as much as possible in order to enhance its ability of resisting risks. As the bottleneck in oil company´s development, high-cost block is even more important and difficult during management process. Therefore, study on high-cost blocks´ analysis and management countermeasure is conducted, using one oilfield as an example. Firstly, the principal component and cluster analysis model is applied for assessment and managerial focuses are accordingly pointed out. Then, according to the present production and management conditions influencing high cost level, an innovative management mode is promoted to meet the objective of reservoir management decision, which will continuously optimize oil company´s activity and build up a long-term mechanism of block sustainable development in future.
Keywords
industrial economics; petroleum industry; principal component analysis; sustainable development; cluster analysis; domestic oil enterprise; high-cost block analysis; innovative management mode; international oil price; principal component analysis; reservoir management decision; sustainable development; Companies; Economics; Investments; Petroleum; Production; Reservoirs; Sustainable development; High-cost Block; Management Counterplot; Principal Component and Cluster Analysis; Reservoir Management; Sustainable Development;
fLanguage
English
Publisher
ieee
Conference_Titel
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location
Dengleng
Print_ISBN
978-1-4577-0535-9
Type
conf
DOI
10.1109/AIMSEC.2011.6011124
Filename
6011124
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