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Currently,oil companies face the “new normal” condition that the profit of their upstream business is shrinking with the plunge of oil price.This problem challenges the operation and management of the upstream business.Therefore,it is essential to find out the new approaches and key points of work,to achieve the goal of realizing a quality and sustainable development.From ten aspects,this paper discusses the challenges facing the upstream business of oil companies and puts forward corresponding roadmaps and strategies.
Currently, oil companies face the “new normal ” condition that the profit of their upstream business is shrinking with the plunge of oil price. This problem challenges the operation and management of the upstream business.Therefore, it is essential to find out the new approaches and key points of work, to achieve the goal of realizing a quality and sustainable development. Flow ten aspects, this paper discusses the challenges facing the upstream business of oil companies and puts forward the corresponding road maps and strategies.