Academic Journal of Business & Management, 2026, 8(3); doi: 10.25236/AJBM.2026.080313.
Fan Guoquan, Guo Mengyue, Wang Yun
PetroChina Co Ltd. Dagang Oilfield Company, Tianjin, China
SEC reserves, as a commonly used disclosure standard in the international oil and gas industry, can exert certain regulatory constraints on geological understanding, engineering technology, and economic conditions, thereby linking underground resources to above-ground assets. This article focuses on the intrinsic relationship between oil and gas SEC reserves and the production and operation management of oil and gas field enterprises. On the one hand, it examines the practical role of SEC reserves in enterprise value assessment, financial accounting, production optimization, and ongoing operations, revealing their profound impact on oil and gas field development, capital allocation, and risk management and control. On the other hand, this paper reconstructs management thinking with SEC reserves at its core, and explores strategic approaches from the perspectives of developing an integrated business management system, deepening the application of critical processes, enhancing system capabilities, and improving risk prevention and control mechanisms, thereby offering insights for reference.
SEC reserves; oilfield production; business management
Fan Guoquan, Guo Mengyue, Wang Yun. Research on the Relationship between SEC Oil and Gas Reserves and Oilfield Production and Operations Management. Academic Journal of Business & Management (2026), Vol. 8, Issue 3: 113-118. https://doi.org/10.25236/AJBM.2026.080313.
[1] FA Guifang, Liu Chunfeng, Li Zhiyu et al. Analysis and Reflection on Reserves and Production Situation between China National Petroleum Corporation and International Oil Companies based on SEC Rules [J]. World Petroleum Industry, 2025, 32(5):11-20.
[2] ZhENG Zhenheng, LI Shu. Analysis and Application of the Impact of Oil Price, Barrel Oil Operating Cost Ratio on SEC Reserves [J]. Management Science and Engineering, 2025, 14(2):472-478.
[3] PANG Yanming, WANG Tianzhi, YANG Zhaoming et al. Reserves-Production Situation and Reserves Increase Strategy of SEC Reserves in Daqing Oilfield [J]. Petroleum Geology & Oilfield Development in Daqing, 2024, 43(3):138-146.
[4] WANG Fenglan, FANG Yanjun, WANG Tianzhi et al. Development Status and Prospect of Development Planning Technology in Ultra-high Water Cut Stage of Daqing Oilfield [J]. Petroleum Geology & Oilfield Development in Daqing, 2024, 43(3):130-137.
[5] LI Futang, CHEN Haixia, MIAO Jing et al. Factors Affecting and Evaluation Strategies for SEC Reserves Using the Dynamic Method [J]. Nei Jiang Science & Technology, 2025, 46(6):25-26.