Economic factors of SEC reserve evaluation in Henan Oil Field

According to the new SEC rules,reserve concept has been changed from the original geological reserves to remaining recoverable reserves accompanied with the market economy built and completed,especially after the Sinopec listed successfully overseas.Economic factors play an important role during SEC reserve evaluation process.The study analyzes all kinds of economic factors in the reserve evaluations of the Henan Oil Field.Understanding the influence of economic factors in SEC reserve evaluation has a predictive significance on reserve evaluation.