Abstract: New system and new technology,high level and highbenefit" is the requirement of CNPC for implementingthe development strategy in western part of China. Thispaper sums up the main experience of development projectmanagement according to the project management practicein Baolang oilfield. These project managernent methodshave been progressivly perfected and standardized over oneyear period. As a result, the investment are effectivelycontrolled,development cost is lowered, notable economicbenefits are yielded.