Research and application of a two-step decision-making method for efficient overseas oil and gas production

The commitment of substantial resources to overseas oil and gas assets signifies a strategic endeavor of considerable scale, implicating consequential impacts on the asset valuation of comprehensive petroleum corporations. Consequently, the adept management of these assets, specifically in terms of profitability, has surfaced as a paramount area of scholarly inquiry within the domain of production and operations management for overseas oil and gas assets. In this context, the formulation of a holistic profit management decision-making framework emerges as a critical fulcrum, pivotal for harnessing and optimizing the overarching benefits of such projects. This study focuses on the formulation of an advanced optimization technique rooted in a “two-step decision-making” paradigm, predicated on a comprehensive set of globally satisfactory solutions. This technique is not merely a methodological innovation but also a strategic tool designed to achieve dual-objective optimization—it is both encompassing and focused. Such a methodological proposition enables a nuanced and refined decision-making process, enhancing the efficacy and strategic alignment of decisions within the ambit of overseas oil and gas asset management. The essence of the proposed technique lies in its capability to provide a robust and versatile decision-making framework, facilitating a balanced and informed decision-making process for stakeholders. By leveraging this approach, decision-makers are endowed with a methodological tool that aids in navigating the complexities inherent in managing overseas oil and gas assets, thereby ensuring that strategic decisions are both informed and aligned with broader organizational objectives. The practical utility of the proposed “two-step decision-making” technique has been substantiated through its application in overseas oil and gas asset management over the recent triennium. Its application has yielded noteworthy outcomes, enhancing the efficiency and production optimization of overseas oil fields and contributing to the high-quality development of these assets. The pronounced effectiveness of this technique in practical scenarios underscores its potential as a strategic tool, offering significant insights and operational advantages that extend beyond the immediate context of its application. Moreover, the implications of this technique are not only confined to the overseas context but also resonate with the operational dynamics of domestic oil companies. By providing a nuanced framework for decision-making and optimization, this technique offers valuable lessons and strategic insights that can be adapted and applied within the domestic oil sector, potentially catalyzing efficiency enhancements and operational optimization. In conclusion, the proposed technique represents a significant methodological advancement in the strategic management of overseas oil and gas assets. Its dual focus on comprehensiveness and specificity, coupled with its proven practical applicability, positions it as a valuable strategic resource, meriting consideration for broader adoption and integration within the strategic frameworks of oil and gas companies operating globally.