SEC储采比和替代率的关系分析

Relationship between SEC Reserves Production Ratio and Reserves Replacement Ratio Analysis

摘要: 油气储量和产量是两个反映石油公司经营业绩的重要指标，也是投资者衡量石油公司综合实力和未来发展潜力的关键指标。储量替代率和储采比这两个储量和产量比值指标，则反映公司油气生产“得到保障”的程度。对于上市石油公司来说，实现较高的储量替代率和保持合理的储采比是衡量公司发展潜力的重要标志。从大型上市石油公司近年来储量替代率和储采比入手，研究储量替代率、储采比、储量增长率和产量增长率的相互关系，进而得到储采比和替代率变化规律，为上市公司保持合理储采比和实现较高的储量替代率提出合理建议。

Abstract: Oil and gas reserves and production are two important reflections of the operating performance for petroleum companies. These two indicators for petroleum companies are two key indicators used to measure the comprehensive strength and the future development potential. Reserves re-placement ratio and reserves production ratio are two ratio data between reserves and produc-tion, and these two ratio data can reflect the guaranteed level of oil and gas production of petro-leum companies. Achieving higher reserves replacement rate and maintaining a reasonable re-serves production ratio are important symbols to measure the development potential of the famous petroleum companies. Based on the reserves replacement ratio and the reserves production ratio of huge petroleum companies which listed in SEC in these recent years, this article researched the relationship of reserves replacement ratio, reserves production ratio, reserves growth rate and production growth rate, then got the variation rule of reserve production ratio and the reserves replacement ratio, and finally, made suggestions for listed petroleum companies about how to maintain a reasonable reserves production ratio and realize the reserves replacement ratio.