Notice of RetractionOn high-cost block analysis under sustainable development view

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.