中国石化投资管理模式调研与优化

2013年12月中国石化投资管理模式调研与优化主要内容案例试算指标体系结论建议

指标体系投资项目的优选排队采取通用指标体系和板块指标体系。在集团公司层面，应用通用指标体系，对投资项目执行跨板块比选排队。在事业部及企业层面，应用板块指标体系，进行项目排队。通用指标体系由发展计划部组织制订。板块指标体系由各事业部结合板块业务特点，在发展计划部的指导下组织制订。指标权重内部收益率(FIRR)40%净现值(FNPV)20%投资收益率40%排迅队越比川选讨指万标箩设嘴置指岭标芦体邀系内床部哑收蹄益拘率：鸟项母目墙的趣现姑金捏流敌入跃现茶值豪总恢额府与搅流丹出顽现辛值作总未额公相催等耕时集的次折圾现湾率通。净匆现心值：宅项穷目遵的拖净饮现臂金覆流疼量掏以叠资诵金侨成励本易为瞎贴鞋现奏率稻的区折命现垒值陈。投久资饶收稠益珍率：晶项历目呜年牧均纯净包利缸润择与用投伯资好总浴额师的效比害值傅。1常.指外标烫设报置（核一驻）通涉用括指浓标侦体派系指触标悦体左系指谜标体体竹系洗的忌设茎置民思惜路1面.动贴态设指利标敌与敲静步态可指龙标青相本结车合怎，森以缠动趟态鼓指察标轰为煮主动赔态亭指输标泡：敲内娃部眯收叶益炕率就、露净码现生值边，散占6欺0宴%权段重侧。静狡态问指党标象：当投暑资稍收百益仁率纤，饥占4特0裙%权盘重梦。动鸣态敌指赴标重是的世哥界羞通抬行字的率项洲目拿评买价沈指押标午，闲本脂指鸽标象体滤系博也瘦体仓现查了麻这赛一泳原推则桐。2抚.相丽对凝指鸟标槐与愁绝但对犹指既标长相洒结肃合驾，葬以新相绍对茅指沟标团为介主相辟对期指镜标展：救内蹦部樱收插益劲率牌、贝投躺资俩收欣益码率盘，茫占8纤0茄%权射重版。绝拳对徒指熊标榨：玻净其现惠值炕，安占2男0毙%权素重碑。相护对均指纯标抚反睬映关项行目浮盈闯利勒能箱力疏，票体势现归投稍资馒规晴模占约躺束产下庭的乒效朽益仗最鱼大新化撞原元则涂。3端.内匠部雕收炕益彼率缴与估投妇资槽收召益芹率腥相淋结谷合展，叶各友有姜侧岗重,相斑互床补塘充内肢部贱收塘益显率绣：参体奇现半收颤付呜实棒现惕制租，狡反周映挺资立金农时责间缺价怜值瞎，腹是科项凳目圈评般价哀的评首狸选胁指很标愈。投歼资印收顽益饶率舅：番体挤现顺权栏责这发宅生莲制像，纽奉约纪束唉投导资降规齐模顿，顾追刮求侮项耐目雀利收润断。两胜个卡收毛益盐率业指郊标雷从耻各奇自椒角内度否，身协叉同怪指雄明丈了劫投谨资胳效盯益身导哈向弃。与敢跨锣国搬公虏司压项涂目陈评湿价醒指夫标晃的冰对炎比指明标反体穴系大丹多武数疗公摩司伐使都用N爬P朱V、散投柄资张回垄收庄期女、I斯R淘R作洋为拌项枯目牺决凑策商指锈标资。不铸选掌择最“询投壁资捐回嚷收段期裤”咱的累原筒因隆：上谱下义游扭板等块尸项插目狠有古差傍异徐。种上摊游愚标细准鞋为6年丽，暑下途游沾为1避0年房诚。项估目扛的身投眯资吗回得收咏期取十贱分饥集早中壮，李定你量门化炊赋魂值蜻后萍容上易哑误哈导饥。因揉此乡丰，足投执资研回歌收留期你更忙适替合灭作兴为毙否朝决如性链的损风失险惩控刑制麦指踪蝶标株，淋不议宜智作里为双项连目权排牢队倡比社选开指眯标最。其厘中，Pj：扑第j个贡项凝目锁综炼合师得面分Wi：巾第i个判指劫标盖的哀权专重Fi受j：阵第j个猫项杂目i个桥指置标的众指害标捆分藏值n：缩慧参衬与怜排指序都关白键另指唇标个劲数越闷大斜越四优咬型指欺标缠得槐分啊公汤式始：越叮小应越饭优排型指袖标废得过分捡公慨式荣：其朗中：Fi咏j：j项仆目i指艰标拆的赶得轧分xi：j项水目i指尼标渣的敲指擦标捷值(变xi)m肌a寇x：i指蚀标的棵最好大谨数塌值(枕xi)m休i帖n：i指捆标喇的最计小锡数拦值指蒜标娱体婶系2校.项堡目横得提分依异据项项腾目辞得奏分活，贴进惨行廊项怨目阳排浇队扫。册其莫中共，陆项份目润得搞分锐根榨据均指廉标细得硬分坛加忽权婚汇版总被。项尺目权得霜分美公特式指则标食得雅分服公妻式指竭标禽体服系指唐标沃得炕分指貌标吧值最永小耕值最轨大诵值越亦大排越耐优租型若指怕标是的萍计恭分亩规猎则例欣如绘：内秘部版收绑益犹率、净芳现炎值、投抢资逗收总益该率指巷标竹体赤系指坟标妇得锡分指剃标础值最扫小浆值最京大押值越厘小群越个优万型邻指嫁标衡的扔计脊分身规该则例稀如医：湾投染资职回围收孕期指酿标渠体救系3赶.应氏用邀范丈围（1）用列于薄盈颈利宿性梯项偷目榴的痰排岔队坏比挪选新归开边项伶目雕的铸排哈队政比肝选在灯建预项赖目句的乏跟双踪短评纽奉估为兴低惰盈脆利卖的边战谊略勾项渡目拔提健供铸调捡整争依过据（2）为少非袍盈洽利浓项团目厦提狗供黎决斑策渴参摆考涉铁及手安丢全角隐训患欣、势矿且区饲改获造买、竭碧峡水归蓝漆天衬等驳项沉目明眯确躬非资盈论利换项您目损的弦机姑会迷成执本专鞭家谎论爸证探、精领庄导孝决耻策长、瞎纳错入锄排概队芝、骡算容清虏代岁价指标权重通用指标内部收益率(FIRR)40%净现值(FNPV)20%投资收益率30%开发项目新增经济可采储量5%开发成本5%排痰队芦比常选某指俯标脸设垫置指恨标赛体枝系1贞.油王田冷板劝块（棍二楼）板昏块嚼指爬标砖体涉系指标权重通用指标内部收益率(FIRR)40%净现值(FNPV)20%投资收益率30%能力建设项目百万吨炼油综合能力投资5%吨油加工费5%其它项目待定排赠队顷比纱选夺指厌标疯设鲜置指御标退体搬系2价.炼妇化菜板止块指标权重通用指标内部收益率(FIRR)40%净现值(FNPV)20%投资收益率30%能力建设项目市场占有率5%原料保供率5%其它项目待定排曲队柏比荷选督指授标源设况置指皮标首体究系3驳.化躲工疮板单块通喘过株专资家添打孙分跌，预按捐照冤高老，驾中拐，鸽低绒三尝档弓各达得5蛮%、3偷%、1知%。指标权重通用指标内部收益率(FIRR)40%净现值(FNPV)20%投资收益率30%单个加油站预计投营第13-第24个月累计经营量5%吨油投资5%单个加气站预计投营12个月经营量5%每万方投资5%成品油管道沿途覆盖区域合计经营量（万吨/年）4%每公里造价投资（万元/公里）3%吨设计输油量投资（万元/吨）3%油库建设沿途覆盖区域合计经营量（万吨/年）5%每万方库容造价投资（万元/公里）5%排代队约比他选种指脏标患设脚置指很标天体但系4鞋.销原售覆板移块指标权重内部收益率(FIRR)40%净现值(FNPV)20%投资收益率30%单位油气完全成本5%投资回收期5%排昏队损比央选胆指常标狮设夜置指绕标爸体颈系5黑.海垦外励油屡气主苏要息内衡容案诞例纸试教算指殿标纹体棕系结食论厅建值议案爷例粱试熊算为叉了乘确叨保胞排吓队才比林选筑指锈标欣体更系赤的乔适匹用锅性牧，计收尽集欣了1题2刚1个差投彻资古项查目榨的缓可辩研挽数械据介，物进宗行距了态指镇标衔体肃系猴的洁应拜用世试弱算悲。矿其限中商，另胜睬利周油堵田2哭9个骑，冠炼滨油度板容块6舒6个抖，思销败售耀板骆块2朗6个鼻。（遣一垃）试言算丈结授果案侧例殖试凡算试悲算瞧结今果案砖例混试余算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分140万吨/年润滑油加氢异构装置茂名4.825.7635.001740.7227.47671.84119.43295.6868.932200万吨/年渣油加氢装置及系统配套荆门14.677.7345.00855.8130.52379.8252.671142.1955.163连续重整增产芳烃高桥0.500.4742.001251.282.45296.4093.64375.0151.804C2回收装置及配套设施天津3.432.4545.00855.8110.921328.5671.61757.3650.985新建硫回收装置清江石化0.320.4020.315318.570.95502.49124.831100.0047.9363#柴油加氢装置柴油质量升级改造上海石化0.750.5145.00855.811.91384.9868.32854.7345.217埕东油田埕50-1块馆陶组7砂组滚动建产胜利油田0.270.0374.301100.000.14910.3710.66848.5343.498加工高硫高酸原油适应性改造齐鲁17.157.9128.003030.1728.21473.7746.161736.9741.6192#焦化装置优化改造项目镇海0.700.4238.001545.252.20345.7660.021048.0838.4810油品质量升级改造工程金陵49.8912.3025.513926.4138.241100.0024.653419.7438.46111万标立变压吸附氢气回收装置海南0.760.3446.06757.411.42443.7245.421836.3838.2612催化汽油吸附脱硫装置扩能改造项目金陵2.751.1843.001152.795.521914.4342.872034.3337.7413酮苯装置提高蜡资源利用率及配套系统改造燕山0.750.3743.27953.201.23473.2049.211339.4237.6914一催化安全隐患治理及节能技术改造齐鲁14.045.7128.932731.5721.46956.1240.682232.5836.8915胜一区沙二1-3聚驱后复合驱扩大试验胜利油田0.440.2734.102039.370.77592.0061.73949.4435.9216湟源中心油库青海公司2.302.0017.007113.572.50286.5486.80469.5334.5517垦20-9块产能建设工程胜利油田0.470.0755.50271.640.29770.7716.005312.8133.9318150万吨/年SZorb催化汽油吸附脱硫装置（新）茂名2.451.1431.002434.699.431424.6746.401537.1633.6819150万吨/年催化汽油吸附脱硫装置茂名2.461.1431.002434.699.431424.6746.301637.0833.6420炼厂干气PSA氢气回收项目湛江东兴0.490.1941.801350.980.91532.3938.122330.5333.08试辆算吓结剂果垮汇芦总遣表案茄例念试岛算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目

得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分21炼油干气氢气回收装置镇海1.580.7335.001740.723.46249.0546.501437.2533.0022孤东油田孤东67-斜4块东营组产能建设方案胜利油田0.350.0551.80366.060.22810.5714.945711.9631.3223炼油装置轻烃资源综合利用技术改造齐鲁2.690.6343.171053.054.892012.7923.363618.7031.2624原油调合混输改造茂名0.510.1741.021449.800.72611.8933.372726.7330.9925埕东油田西区Ng8-10层边底水油藏水平井调整工程胜利油田1.000.1250.30463.800.52681.3612.19749.7529.6926洋浦-马村成品油管道项目华南公司2.372.0510.281083.440.001190.0086.71569.4629.1627气体回收中心上海石化5.671.7034.421839.855.861815.3229.973024.0028.6128珠三角成品油管道工程二期华南公司11.719.8010.451063.700.001200.0083.70667.0528.3029垦利油田垦38断块井网完善调整方案胜利油田0.450.0647.90560.180.23800.5912.507110.0028.1930孤东油田孤东小断块东营组新区产能建设胜利油田0.410.0547.70659.880.21820.5612.567010.0528.0931重油加氢装置节能优化改造齐鲁0.540.1834.141939.430.68631.7733.682526.9726.9132环保及油品质量升级改造项目青岛石化5.491.8627.433229.317.361719.2433.952427.1926.4433延迟焦化装置优化改造石家庄0.660.1935.821641.960.93522.4228.573122.8826.4234200万吨/年渣油加氢装置项目金陵13.603.5327.123328.8410.971228.6825.973320.8025.5935长岭—株洲成品油管道首站扩容改造华中公司2.040.8526.573528.011.89404.9541.582133.3025.5136供武汉乙烯原料轻烃出厂设施完善配套荆门0.520.1732.452336.880.75601.9532.152825.7425.4437炼油富乙烷气提浓处理装置镇海0.770.2234.082139.340.90542.3427.923222.3625.1538胜坨油田坨142西南扩新区产能建设工程胜利油田0.220.0535.001740.720.13950.3320.994016.8023.0839油品质量升级及原油劣质化改造工程石家庄65.997.2213.02957.5727.79572.6710.95798.7621.0740重油加工结构调整改造项目镇海11.571.4828.592831.068.331621.7912.826910.2620.88案页例鸭试选算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目

得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分41150万吨/年连续重整装置项目金陵15.803.2523.764123.778.991523.5220.584116.4820.8042甬-绍-金-衢成品油管道二期建设项目华东公司6.220.0012.001056.0334.98291.480.041180.0220.7243中石化福建区域办公大楼福建公司6.500.3923.004522.6214.781138.676.041064.8218.7144茂名润滑油脂扩能改造润滑油3.280.8023.484323.352.15355.6124.523519.6418.3245260万吨/年柴油加氢装置燕山5.400.9526.823428.392.32326.0717.674714.1518.23462#催化汽油吸附脱硫装置及配套系统燕山2.060.4225.583826.522.03365.3120.284216.2418.1647南宁-百色成品油管道项目（含反输泵）华南公司5.512.8310.171093.270.19840.4951.391241.1717.8748天津5000吨/年精细润滑脂生产装置建设项目润滑油2.410.5324.554024.961.57424.1222.033817.6417.8649氢氟酸烷基化装置改造燕山0.950.1826.483627.870.64641.6719.384415.5217.6950160万吨/年柴油加氢改造项目武汉0.630.1325.583826.520.45721.1721.273917.0317.655120万吨/年聚丙烯装置北海5.680.9127.773129.820.59671.5315.945412.7617.3452桩西油田桩129-斜10块非常规开发项目桩129-1HF井单井设计胜利油田0.510.0333.802238.910.10980.264.881123.9017.1853尚店油田尚一区中部Ng-Ed组断块油藏平面完善方案胜利油田1.190.1529.302632.130.41731.0712.836810.2717.1754消除瓶颈挖潜改造项目海南2.780.9315.927611.951.23463.2133.402626.7516.12556万吨/年硫磺回收装置及系统配套高桥2.220.3623.554223.451.65414.3116.345113.0815.4856福建成品油管道二期及配套油库工程福建公司2.180.968.191120.292.35316.1544.031935.2615.4557大芦湖油田高21块沙二段老区综合调整工程胜利油田0.650.0925.803726.850.20830.5214.046511.2415.3458孤东油田孤东81-1块馆陶组新区产能建设方案胜利油田0.440.0329.502532.430.071010.187.041025.6315.2659柴油质量升级改造镇海0.930.1522.234621.460.69621.8216.484913.1914.2260新滩油田垦东32-斜3块馆上段新区产能建设方案胜利油田0.400.0228.202930.470.051040.146.091054.8714.16案陵例赌试内算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目

得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分61300万吨/年柴油加氢装置茂名6.701.2219.555717.422.55276.6818.234614.5914.1462甬(绍)金衢成品油管道华东公司13.670.0010.321073.5024.10763.020.021190.0014.016390万吨/年催化汽油吸附脱硫装置镇海2.060.3820.505218.850.89552.3118.504514.8113.9364新建200万吨/年柴油加氢装置天津4.770.9219.106316.741.89394.9519.394315.5313.9065催化裂化装置提高掺渣比改造高桥1.370.2321.574920.470.61651.6016.435013.1513.7766济南异地改造一期扩建项目润滑油2.070.6413.91898.910.30760.7830.992924.8213.6567新建20万吨/年聚丙烯装置石家庄7.051.1719.415817.212.39306.2516.624813.3113.4668含硫原油加工适应性改造及油品质量升级改造安庆67.6914.9113.65908.524.872112.7422.033717.6413.0169苏北管道项目华东公司14.670.0010.091103.1522.43858.670.021200.0013.0070临盘油田盘一断块区沙三中油藏井网完善开发调整工程胜利油田2.150.2423.104422.780.45701.1810.95808.7612.8571200万吨/年柴油加氢精制装置改造海南2.080.3419.885517.920.86562.2516.125212.9012.7872燕山润滑油扩能配套改造润滑油9.881.4218.326515.572.71267.0814.416311.5312.2673算山码头增建2台原油罐镇海1.140.1819.356017.120.45711.1815.875612.7012.1674完善沥青储罐及配套设施齐鲁0.330.0519.815617.810.14920.3714.796011.8411.9375120万吨/年催化汽油吸附脱硫S-Zorb装置海南2.360.3518.976416.550.77582.0214.885911.9111.79763#重整装置节能增效改造镇海0.560.0819.346117.100.16860.4314.905811.9311.7077综合办公楼青海公司0.930.1020.005418.101.33453.4910.93818.7511.4478二次加工装置脱硫系统瓶颈改造镇海0.910.1418.066615.170.30750.7915.935512.7611.3379邵家油田邵543-1块沙四段产能建设方案胜利油田0.980.0821.704820.660.15900.389.21927.3711.2980现河庄油田河148区块沙三中油藏细分层系开发调整胜利油田5.390.5320.705119.160.82572.139.91887.9311.26案唇例欠试价算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目

得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分81乐安油田乐安油田草27块馆陶组超稠油藏水平井蒸汽驱胜利油田1.220.1022.104721.270.14930.367.98996.3811.1382300万吨/年柴油加氢项目金陵6.380.9417.326914.061.48433.8814.686111.7511.1083甬台温成品油管道华东公司18.040.009.701112.5617.461045.670.011210.0010.1684林樊家油田林中9块南扩馆四组油藏新区产能建设方案胜利油田0.170.0121.105019.760.021120.056.661045.3210.0485滨南油田滨648西扩沙三下低渗透油藏新区产能建设胜利油田0.770.0719.405917.190.091000.239.55907.649.9886干气提浓项目金陵4.840.6017.097013.711.00492.6212.33739.879.9687150万吨/年连续重整装置茂名14.201.9315.508111.311.97375.1613.606610.889.918810万吨/年正序抽出油酮苯脱蜡项目济南2.010.2815.737811.660.38740.9914.076411.269.3789油品质量升级项目九江70.947.2514.20879.353.74239.7810.22868.178.979065万吨/年催化汽油加氢改造天津1.200.1814.748410.170.15880.4014.616211.698.8291桩西油田桩斜139深层稠油开发调整胜利油田3.530.2019.306217.040.28780.745.691074.558.7892制氢原料结构调整改造项目镇海18.341.7616.247312.430.51691.339.60897.688.3193润滑油系统提高产品质量技术改造燕山11.361.3114.50859.801.10482.8711.50779.208.1894调整结构项目胜利油田6.100.5715.817711.780.61661.589.42917.548.0495东辛油田营52-斜5块沙一3-4新区产能建设方案胜利油田0.390.0216.807213.270.021130.047.601006.087.7596地膜厂宁夏公司1.260.1614.20879.350.061030.1512.41729.937.7497大王北油田大北15-斜20块新区产能建设工程胜利油田0.670.0418.006715.080.041090.105.231094.187.7398临盘油田田4断块区沙二、沙三段产能建设方案胜利油田1.700.1416.007512.070.051050.138.78967.037.6699商河油田商548块沙三上段产能扩建方案胜利油田0.880.0417.906814.930.051070.135.041114.037.61100炼油异地改造石化项目北海60.696.8412.58996.912.25335.8711.27789.027.55案瘦例四试谊算序号项目名称企业总投资（亿元）年均利润（亿元）内部收益率净现值投资收益率项目

得分指标值(%)名次得分指标值(亿元)名次得分指标值(%)名次得分101荆门-襄阳成品油管道工程华中3.600.4613.26927.930.28790.7312.886710.317.44102胜坨油田坨七南扩块沙二81油藏新区产能建设工程胜利油田0.360.0315.707911.610.011160.028.55976.847.38103滨南油田滨644块低渗透油藏井网加密开发调整方案胜利油田2.030.1416.207412.370.061020.167.041015.637.231046万吨/年乙苯-苯乙烯装置湛江东兴5.150.5613.36918.080.95512.4910.88828.717.22105湘潭-娄底成品油管道工程华中公司2.940.3612.80977.240.17850.4412.16759.736.87106胜坨油田坨28块东二段水驱综合调整方案胜利油田2.160.1515.608011.460.041110.096.841035.476.79107武汉航煤管道工程华中公司1.010.1212.73987.130.011140.0411.53769.236.55108中科（广东）炼化一体化项目中科455.0046.9313.01967.560.16870.4110.32858.256.41109柴油质量升级技术改造西安1.100.0914.01889.060.041080.118.19986.556.27110武汉—广水管道工程华中公司5.040.4613.15937.770.15890.389.03947.226.07111长沙-郴州成品油管道工程华中公司8.740.9412.221016.370.13940.3410.71838.576.04112王家岗油田官110块新区产能建设胜利油田1.040.0515.208210.860.001180.015.261084.206.03113渤南油田义171-1块沙四段致密砂岩开发工程胜利油田3.900.1515.707911.610.051060.134.081133.265.97114江西成品油管道二期工程华中公司17.741.7912.091036.170.10970.2710.06878.055.74115兰州油库甘肃公司0.950.0015.008310.562.85257.440.091160.065.74116阜阳-亳州成品油管道工程华中2.870.2612.051046.110.011150.029.08937.275.35117合肥-六安成品油管道工程华中2.030.1812.051046.110.011170.028.82957.055.27118石家庄-太原成品油管道华北公司6.560.3412.251006.410.09990.245.191104.154.27119荆门-宜昌-巴东成品油管道工程华中17.070.3013.05947.620.11960.281.741151.393.66120安庆石化配套成品油管道及首站库工程华中公司14.690.4112.131026.230.041100.102.811142.243.41121武威成品油配送中心甘肃公司1.590.008.001130.004.782212.490.041170.022.51案霸例点试糟算（群二和）结缠果蛋分幻玉析1淡.两屑个底收牢益哪率农决得定嗓了袜项补目演得脏分闷走走势茫，坚呈炮横蚕躺星“S序”形胞，鞭前辆几机名晶得舰分宇快称速炭降严低例，伶然蹲后仁再禁缓电慢奥降庄低伴。胜出利视油旗田员埕暖东凭油跟田馅埕5眯0勾-捕1块个馆戴陶不组清殿江甘石源化窃新威建丈硫挣回乡丰收泄装垂置胜妨利峰油面田嫂垦2俯0塑-商9块慰产落能拾建腔设经工信程胜拾利响油裕田欧孤猜东碰油初田如孤扯东6亲7夹-斜4块金汽陵欧湟筋源珍中周心龙油抱库茂马名朵洋蛋浦-马苍村况成卵品锁油物管饶道蒙项倒目胜明利波油夺田软埕利东耐油名田登西扯区N溪g逢8追-设1段0层犁边福底昼水暑油压藏华杨南笨公寇司删珠验三平角匙成挨品焦油抗管窜道或工炉程真二零期上得游姐项期目浪的吵内恰部漫收催益依率倍高靠，物下昂游仔项旺目奶的铺投既资胶收忠益趴率告高掏。其巾中直，8个虎极泥点除项瞎目奔中怪，4个域上泥游扇项肝目健的右内嘉部颂收先益驴率伏高斥，4个象下当游牢项卡目悲的躺投第资该收材益嫂率浙高收。案茫例欢试勒算胜虫利扔油号田漏埕糊东沟油低田耐埕5认0条-芝1块盘馆混陶场组区项怕目内材部术收桃益蛋率&投帅资纸收哭益润率项调目毕概瞧况午：油旦藏父类吴型捡为练为食岩坝性套～擦构咏造救边梨底蜘水忌油抹藏止，申属貌于辈高英孔报、裙高魂渗亏储暖层诊。方尽案俩规台划副动悄用利含赚油赞面砌积0勺.涌6寄k棵m2，坏动淡用壳地递质青储机量4仇0谨.削0×1乳04t。区总呢井雨数5口煌，愚单押井拆控伯制深储梯量8×1逆04t。前蛾三商年印直厦井串、模定巷向级井盼平爆均由日事产状油4躬.矩6朵t，草水灿平框井偏平佛均杜日粒产磁油6郑t，法新胀建返产匙能0尊.乔7×1匀04t址/碍a，男十秘五甘年面末肢累哨采烤油6头.抹0×1晌04t，开躬发披成纤本5均7宜6驾.四4元/吨。序号项目投资估算（万元）平均单井投资（万元）占比例（%）一新增建设投资2722.64544.5100.01钻井工程投资1801.02360.266.12采油工程投资359.2271.813.23地面工程投资562.40112.520.7二建设期利息0.00//总投资2722.64544.5100.0案浙例迹试依算埕5木0洽-迷1块长馆金陶挂组貌项龙目愿的篇现责金城流程、苗利枯润锹、胆产纪量腹分净析初贷期营递甲减晌率2侄5棍%案面例桑试积算埕5畏0步-修1块谷馆谁陶涌组河项根目室分用析初佩期劫递妄减很率2岗5颈%内秤部肚收穿益条率歇分府析倍：该有项完目否初季期裹产犯量误中是等里偏漫上翅，腥初厌期匹递塔减遗率牢高蹦达2蜘5彼%，赞开串发责成宗本糟很吧低洪（肝依殖托纸老腐区皂设侧施礼）吸，谊净辜现蚊金掀流庙集降中备在乳前的期虽，钳内待部土收饮益宋率转达竹到7蚊4正%。投锡资芹收捡益堵率被分婶析伍：项秤目痕后蕉期塞产妙量葵很黑低阀，抬净亭利迈润淋也做低牢，槽导爆致票整供个需项放目坡寿福命县期时的形净展利液润弱并芽不驾高滩，采投穷资咏收书益句率疑为1滋1敬%。上貌游坊项视目蔑特活点答：该摄项杯目2个任收锁益屿率吗的论反烛差愿具男有愁代狱表滩性趣，乎反克映眼了秃上彩游音项莫目婶的棚普剃遍婚特娘点炸。案熊例发试值算2青.东N缴P偷V对周项楚目估得尿分赤进景行须了妻辅渠助陈校盟正荆雕门2罢0斧0万朱吨/年课渣配油旺加韵氢先装樱置粮及碑系批统赵配阁套毫，兔投捉资1僵5亿址，N勾P议V随3恋1亿报。齐猎鲁负加醉工若高严硫咸高软酸数原扒油沃适桑应烧性绑改伯造成，庭投虚资1纸7亿镰，N示P秧V陪2容8亿赖。金鼠陵风油晋品郊质以量度升僵级轿改摘造趣工售程刻，杆投黑资5柔0亿尤，N榆P萍V拜3硬8亿烫。齐烧鲁据一册催冲化寺安巨全额隐哈患译治耽理爆及抱节锋能蔬技悉术逼改腐造负，谎投祝资1舰4亿言，N喂P图V赢2东1亿福。石栏家狸庄瞒油绒品饱质钳量澡升垮级匠及点原耍油般劣赔质放化朝改涉造信工右程牧，怕投只资6缘瑞6亿宏，N害P童V逢2就8亿桥。华秃东急公韵司拨甬-绍-金-衢岭成胆品陪油码管弯道对二学期鹿建雄设赴项妈目裹，榨投静资6亿稻，N淘P危V催3部5亿鸦。华着东惯公旋司傍甬(绍)金领衢拢成椒品挖油网管授道滨，鉴投触资1择4亿去，N掀P擦V牧2杏4亿赚。华大东朋公房诚司嫁苏恭北福管帐道冤项拦目排，涉投仗资1描5亿锦，N外P岛V原2封2亿捧。华年东爪公哲司逐甬陪台挺温助成棉品沫油船管氧道冷，最投栋资1快8亿侵，N杆P岗V示1马7亿映。N纤P羊V作挨为望绝诞对行指陆标更，性从规声模安角坑度对2个珍收肥益勒率鸣进比行弄了腾有凉益倘补丘充仓。N抗P宰V大蜻、彩投袜资堤高塔的倦项钓目士，粮往玻往尺具氏有单战初略富价鸡值豆。探通暗过N纽奉P浪V校腔正竟，绩体观现焰了效征益猛导辅向裤与骗战茫略门部肃署的佛统帜一纱。在N担P陡V大掏、莫投躬资蝇高有的圣项季目享中此，炼轿油卖板煮块铜项特目的货收拨益岔率扁要促高辈于销福售居板车块桐项呼目，晶其王排悬名里也博更相靠间前垂。案挥例旋试狸算3堡.三普个艘指喝标盐的渠得撤分勒分拣布你具吹有脸一挺定撇规疮律

均值项目汇总得分19内部收益率得分24净现值得分10投资收益率得分18内后部焰收碎益店率喝均渴值>投岭资巡寿收香益规率不均梳值>净辣现忧值妹均铲值投革资毕收贷益独率奸均袖值盈≈竭项亩目岩得爱分稍均猴值案躬例零试惹算指顺标祸曲现线沟对尤比内晋部井收