Industry Voice

Shell (China), Director of Production Development Operations, Jin Li Kede:

Under this cycle, projects of known duration are becoming more and more popular because they are flexible and efficient and can adapt to the fluctuations of oil prices. It is still necessary for us to look at long-term projects. Short-term projects are not superior in terms of expenditure, and the reliability of oil and gas supply is greatly reduced. Therefore, in order to surpass the cyclical fluctuations, we need to have a seven-dimensional warfare, and it is imperative to continuously lower the break-even point.