Ensuring competitiveness oil production companies in the conditions of low oil prices and market volatility by analyzing production well profitability

Abstract

The article proposes a methodology for the development of flexible management decisions based on technical and economic assessment of the efficiency of operation of each production well. This method of managing production costs makes it possible to avoid the occurrence of cash gaps during the period of low prices for hydrocarbon resources and to facilitate the implementation of both the investment and production programs of the company.