Abstract:

In recent years，reservoir management has become the essential method for the oil industry to improve economic benefits.However，the complexity of reservoir parameters and input and output indices makes assessment of effectiveness of oil company management particularly complicated.DEA method is a way which can evaluate effectiveness of DMU that is based on multi-input and multi-output.This paper establishes the theoretical model of DEA method to evaluate the effectiveness of reservoir operation and management.Examples show that the data envelopment analysis is an easy but effective way to evaluate reservoir management effectiveness.

Key words: reservoir management, DEA method, DMU, effectiveness evaluation