Establishing and applying economic evaluation model of foreign cooperation projects in middle and later stages

Based on the product sharing model and cash flow method, an economic evaluation model of foreign cooperation projects is established.The model controls profit oil distribution by R factor, stipulates the limit and order of cost recovery, so as to realize the reasonable control and distribution of the profits of the parties in cooperation.Through an application in a block of Xinjiang oilfield, the model accurately completes the calculation of economic benefits of both sides of cooperation.Through technical analysis, when the cost recovery limit is set at 55%-65%.R≤1, the profit-sharing ratio of Xinjiang oilfield is set to 42%-50%.It can ensure the economic benefits of both sides and realize mutual benefit and win-win situation.