Senior Engineer- R&D Department, CNPC
I am SHI Mingyu, 35 years old. I am working as a senior engineer from R&D Department of CNPC(China National Petroleum Corporation). I finished my Ph.D from Research Institute of Petroleum Exploration and Development, CNPC(RIPED). My main research is oil-gas field development, typically in oil-gas new ventures assessment. I have joined or organized over 25 overseas new venture assessment research especially in Kazakhstan, Abu Dhabi, Brazil, Mozambique, Thailand, etc. Due to the fluctuate oil price in decades, many opportunities for oilfield joint ventures were promoted. I study and put forward a new evaluation method of oilfield lifecycle development cost, mainly based on a machine learning algorithm and combining mathematical and statistical methodology.