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Open AccessArticle

A Preliminary Forecast of the Production Status of China’s Daqing Oil field from the Perspective of EROI

1
School of Business Administration, China University of Petroleum, Beijing 102249, China
2
China National Oil and Gas Exploration and Development Corporation, Beijing 100034, China
3
Mac Ewan School of Business, Grant MacEwan University, Edmonton, AB T5J 2P2, Canada
4
Sinopec Group Exploration and Production Research Institute, Beijing 100083, China
*
Author to whom correspondence should be addressed.
Sustainability 2014, 6(11), 8262-8282; https://doi.org/10.3390/su6118262
Received: 8 October 2014 / Revised: 4 November 2014 / Accepted: 6 November 2014 / Published: 18 November 2014
(This article belongs to the Section Energy Sustainability)
Energy return on investment (EROI) and net energy are useful metrics for analyzing energy production physically rather than monetarily. However, these metrics are not widely applied in China. In this study, we forecast the Daqing oilfield’s EROI from 2013 to 2025 using existing data for crude oil and natural gas production and the basic rules of EROI. Unfortunately, our calculations indicate that the oilfield’s EROI will continuously decline from 7.3 to 4.7, and the associated net energy will continuously decline from 1.53 × 1012 MJ to 1.25 × 1012 MJ. If China’s energy intensity does not decline as planned in the next ten years, then the EROI of Daqing will be even lower than our estimates. Additionally, relating the EROI to the monetary return on investment (MROI) in a low production and high intensity scenario, Daqing’s EROI will decline to 2.9 and its MROI will decline to 1.8 by 2025. If the “law of minimum EROI” and the assumed “minimum MROI” are taken into account, then we estimate that both energy pressure and economic pressure will restrict Daqing’s production by 2025. View Full-Text
Keywords: Daqing oilfield; EROI; net energy; MROI Daqing oilfield; EROI; net energy; MROI
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Xu, B.; Feng, L.; Wei, W.X.; Hu, Y.; Wang, J. A Preliminary Forecast of the Production Status of China’s Daqing Oil field from the Perspective of EROI. Sustainability 2014, 6, 8262-8282.

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