关键词: 页岩革命, 页岩油, 递减曲线, 分类标准, 体制机制

Abstract: Based on analyzing the history of shale revolution in the United States and the differences in geological and engineering characteristics of shale oil between continental basins in China and marine basins in the United States, the paper proposes ten noteworthy issues on continental shale oil revolution in China, including the application and evolution of the nomenclatures of shale oil and tight oil in U.S., the development process of shale oil/tight oil in U.S., the proposal and connotation of shale revolution, and the experience in system and mechanism that can be learned from successful shale revolution in U.S., the work pattern of shale oil in U.S., the relationship between the profit model of shale oil and investment channels, the relationship between production declines of shale oil, the concrete time when a breakthrough is made in shale oil exploration in China, the principles and standards for classification of shale oil, and the continental shale oil revolution in China. Research suggests that the concepts of shale oil and tight oil in North America are identical to some extent. The core of "shale revolution" in U.S. is to improve drilling and completion efficiency, reduce well construction costs, and increase single well production; the development stages of its work pattern is divided according to the changes in both well type and horizontal section length of horizontal well, as well as the development of hydraulic fracturing. The number of drilled and completed wells is an important indicator reflecting shale oil exploration and development. The profit models and investment channels of shale oil extraction are closely related. American companies’ pursuit of recovering investment as soon as possible to obtain profits leads to the general adoption of a production model based on pressure release, with a rapid decline in yield and an L-shaped production curve. In terms of system and mechanism, we should draw on the experience from the application of market mechanisms, the project operation model of "oil companies+lean management", as well as the establishment of shared and open databases. From the perspective of resource base, engineering and technological capabilities, and production expectations, China has the basic conditions for the success in the continental shale oil revolution. All efforts should be made to promote the marketization, technological and management transformation of shale oil exploration and development, highlight the "qualitative development and quantitative breakthrough" of shale oil, and effectively transform resources into reserves and then into beneficial production, which can ensure the victory of shale oil revolution.

Key words: shale revolution, shale oil, decline curve, standard of classification, system and mechanism