国际油公司勘探区块收并购趋势与启示
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摘要
国际油公司是上游勘探区块并购活动的主要参与者,通过对埃克森美孚、壳牌、道达尔、BP、挪威国家石油公司、埃尼、雪佛龙七大国际油公司2017—2018年上游勘探区块并购情况进行梳理,总结了国际油公司勘探区块的主要获取情况、作业权益、重要勘探领域以及交易时机等方面特点。分析表明国际油公司普遍重视勘探区块收并购,交易数量创历史新高;积极争取主要勘探区块作业权,合理控制权益占比;深水油气勘探已成为当前重要勘探领域,全球前沿风险领域勘探受到广泛关注。建议国内石油公司重视勘探区块收并购研究,强化风险评价,积极关注深水勘探资产,加强国际合作;注重油气行业周期分析,不断进行资产组合优化,把握有利窗口期实现快速发展。
International oil companies are the main players in the merger and acquisition activities of the upstream exploration assets. This article analyzes the mergers and acquisitions made by seven international oil majors--ExxonMobil, Shell, Total,BP, Equinor, ENI and Chevron--in the area of upstream exploration assets between 2017 and 2018. It also summarizes the characteristics of the mergers and acquisitions cases exploration assets, such as access conditions, operatorship, important exploration fields and trading opportunities. International oil companies have extensively attached great importance to mergers and acquisitions of exploration assets, setting a record high in transactions number. They actively compete for operatorship of main exploration blocks and reasonably control the proportion of interests. Deepwater oil and gas exploration has become an important exploration area. Global frontier risk exploration becomes a focus of attention from the petroleum community.It is proposed that the domestic oil companies should make greater efforts for the research on mergers and acquisitions of exploration blocks, strengthen risk assessments, pay active attention to deepwater exploration assets, step up international cooperation, focus on periodic analysis of oil and gas industry, continually optimize the assets portfolio, and take advantage of the favorable window to bring about rapid business development.
International oil companies are the main players in the merger and acquisition activities of the upstream exploration assets. This article analyzes the mergers and acquisitions made by seven international oil majors--ExxonMobil, Shell, Total,BP, Equinor, ENI and Chevron--in the area of upstream exploration assets between 2017 and 2018. It also summarizes the characteristics of the mergers and acquisitions cases exploration assets, such as access conditions, operatorship, important exploration fields and trading opportunities. International oil companies have extensively attached great importance to mergers and acquisitions of exploration assets, setting a record high in transactions number. They actively compete for operatorship of main exploration blocks and reasonably control the proportion of interests. Deepwater oil and gas exploration has become an important exploration area. Global frontier risk exploration becomes a focus of attention from the petroleum community.It is proposed that the domestic oil companies should make greater efforts for the research on mergers and acquisitions of exploration blocks, strengthen risk assessments, pay active attention to deepwater exploration assets, step up international cooperation, focus on periodic analysis of oil and gas industry, continually optimize the assets portfolio, and take advantage of the favorable window to bring about rapid business development.
引文
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[6]BP.Annual report[EB/OL].https://www.bp.com/en/global/corporate/investors/results-and-reporting/annual-report.html.
[7]Chevron.Annual report[EB/OL].https://www.chevron.com/annual-report.
[8]ENI.Results and reports[EB/OL].https://www.eni.com/en_IT/investors/results-and-reports.page.
[9]Shell.LNG outlook 2018[R].2018.
[10]Equinor.Annual report[EB/OL].https://www.equinor.com/en/investors.html#annual-reports.
[11]Shell.Annual reports and publications[EB/OL].https://www.shell.com/investors/financial-reporting/annual-publications.html.
[12]Total.Results[EB/OL].https://www.total.com/en/investors/results-investor-presentations/results.
[13]王建君,张宁宁,王青,等.全球石油公司勘探开发业务发展动向与策略[J].石油科技论坛,2018,37(6):53-60.Wang Jianjun,Zhang Ningning,Wang Qing,et al.Development trends and strategies of global oil companies’exploration and development business[J].Oil Forum,2018,37(6):53-60.
[14]常毓文,马宝玲,王曦.国际油价下跌特征及石油公司应对策略分析[J].国际石油经济,2015,23(3):46-51.Chang Yuwen,Ma Baoling,Wang Xi,General characteristics of international oil price crashes and how oil companies should copewith the current one[J].International Petroleum Economics,2015,23(3):46-51.
[15]侯明扬.2017年全球油气资源并购市场特点及前景展望[J].国际石油经济,2018,26(3):28-35.Hou Mingyang.Global oil and gas M&A in 2017 and its prospects[J].International Petroleum Economics,2018,26(3):28-35.
[16]史卜庆,王兆明,徐宁.等.2017年全球油气勘探形势分析与启示[J].国际石油经济,2018,26(3):36-41.Shi Buqing,Wang Zhaoming,Xu Ning,et al.Analysis and enlightenment of global oil and gas exploration in 2017[J].International Petroleum Economics,2018,26(3):36-41.
[17]中国石油勘探开发研究院.全球油气勘探形势及油公司动态(2018年)[M].北京:石油工业出版社,2018.RIPED.Global petroleum E&D trends and company dynamics(2018)[M].Beijing:Petroleum Industry Press,2018.
[18]杨紫,计智锋,万仑坤,等.国际油公司勘探策略分析与启示[J].石油科技论坛,2018,37(5):54-63.Yang Zi,Ji Zhifeng,Wan Lunkun,et al.Analysis and enlightenment of international oil companies’exploration strategies[J].Oil Forum,2018,37(5):54-63.
[19]张宁宁,王青,王建君,等.近20年世界油气新发现特征与勘探趋势展望[J].中国石油勘探,2018,23(1):44-53.Zhang Ningning,Wang Qing,Wang Jianjun,et al.Characteristics of oil and gas discoveries in recent 20 years and future exploration in the world[J].China Petroleum Exploration,2018,23(1):44-53.
[20]张礼貌,田纳新.国际石油公司勘探理念及启示[J].国际石油经济,2018,26(2):57-63.Zhang Limao,Tian Naxin.Independent Oil Companies’exploration ideas and its enlightenment[J].International Petroleum Economics,2018,26(2):57-63.
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