海外油气资产并购常用估值方法探析

Analysis of Valuation Method of Asset Acquisition of Oil and Gas Abroad

随着中国经济的发展及石油对外依存度的上升,中国石油石化企业迈出了发展海外业务的步伐,海外油气资产并购业务逐步增加。结合海外油气资产并购定价中的3种估值方法即现金流贴现法、可比公司法及可比交易法估值原理的介绍,对所述不同方法的特点、适用范围以及在油气资产估值中的注意事项进行分析阐述。

With the development of China＇s economy and increase of dependence on oil abroad,China＇s oil and petrochemical enterprises have stepped out the country,and asset acquisition of oil and gas abroad business gradually expanded. Combined with three valuation methods：i.e.method of cash flow discount,comparable company and comparable trade valuation,we introduced the principles,illustrated features,application range and cautions in asset acquisition of oil and gas of the three methods.