China Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

China Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

China Oil and Gas Markets Investment Opportunities, Analysis and Forecasts to 2020

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in China. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the oil and gas assets (oil and gas fields, exploration blocks, refineries, pipelines, LNG terminals and storage terminals) in China. The report also analyses the fiscal regime relevant to the oil and gas assets in China and compares the investment environment in China with other countries in the region. The profiles of the major companies operating in the oil and gas sector in China together with the latest news and deals are also included in the report.

Scope

• Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1995-2020.
• Historical and forecast data and information for all the major exploration blocks, oil and gas fields, refineries, pipelines, LNG terminals and storage terminals in China for the period 1995-2020.
• Operator and equity details for major oil and gas assets in China
• Key information relating to market regulations, key energy assets and the key companies operating in the China’s energy industry.
• Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
• Information on the top companies in the China including business description, strategic analysis, and financial information.
• Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
• Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

• Gain a strong understanding of the country’s energy market.
• Facilitate market analysis and forecasting of future industry trends.
• Evaluate the attractiveness of the geography for oil and gas investment in the light of government policies and the fiscal environment.
• Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
• Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil and gas assets.
• Assess your competitor’s major oil and gas assets and their performance.
• Analyze the latest news and financial deals in the oil and gas sector of each country.
• Develop strategies based on the latest operational, financial, and regulatory events.
• Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
• Identify and analyze the strengths and weaknesses of the leading companies in each the country.

1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 9
2 Introduction 10
2.1 What Is This Report About? 10
2.2 How To Use This Report 11
2.3 Market Definition 11
3 China Energy Sector 13
3.1 China Energy Sector, Market Overview 13
3.2 China Energy Sector, Crude Oil 14
3.3 China Energy Sector, Natural Gas 21
3.4 China Energy Sector, Coal 27
3.5 China Energy Sector, Electricity 30
4 China Fiscal Regime 39
4.1 China Petroleum Fiscal Environment 39
4.2 License Terms 40
4.3 Key Fiscal Terms 41
4.4 Sample Cashflows Calculations 45
5 China Upstream Investment Environment Benchmarking 46
5.1 Introduction 46
5.2 The Overall Ranking 46
5.3 Upstream Fiscal Attractiveness 47
5.4 Oil and Gas Sector Performance 48
5.5 Economic Performance 53
5.6 Socio-Political Performance 55
6 China Exploration And Production Sector 57
6.1 China, Country Snapshot 57
6.2 China, Crude Oil And Natural Gas Production 61
6.3 China, Crude Oil And Natural Gas Forecasts 72
6.4 China, Exploration Block Details 73
7 China Refining Sector 83
7.1 China Refining Sector, Overview 83
7.2 China Refining Sector, Crude Distillation Unit Capacity 84
7.3 China Refining Sector, Coking Capacity 87
7.4 China Refining Sector, Fluid Catalytic Cracking Capacity 88
7.5 China Refining Sector, Hydrocracking Capacity 90
8 China Pipeline Sector 91
8.1 China Pipeline Sector, Overview 91
8.2 China Pipeline Sector, Crude Oil Pipelines 92
8.3 China Pipeline Sector, Petroleum Product Pipelines 93
8.4 China Pipeline Sector, Natural Gas Pipelines 94
9 China LNG Sector 95
9.1 China LNG Sector, Regasification Capacity 95
10 CNOOC Limited 96
10.1 CNOOC Limited, Key Information 96
10.2 CNOOC Limited, Company Overview 96
10.3 CNOOC Limited, Business Description 96
10.4 CNOOC Limited, Value Chain Analysis 99
10.5 CNOOC Limited, SWOT Analysis 101
10.6 CNOOC Limited, Revenue Analysis 106
10.7 CNOOC Limited, Financial and Operational Review 107
10.8 CNOOC Limited, Operational Indicators 109
11 China Petroleum & Chemical Corporation 110
11.1 China Petroleum & Chemical Corporation, Key Information 110
11.2 China Petroleum & Chemical Corporation, Company Overview 110
11.3 China Petroleum & Chemical Corporation, Business Description 110
11.4 China Petroleum & Chemical Corporation, Value Chain Analysis 117
11.5 China Petroleum & Chemical Corporation, SWOT Analysis 120
11.6 China Petroleum & Chemical Corporation, Revenue Analysis 124
11.7 China Petroleum & Chemical Corporation, Financial and Operational Review 125
11.8 China Petroleum & Chemical Corporation, Operational Indicators 127
12 PetroChina Company Limited 128
12.1 PetroChina Company Limited, Key Information 128
12.2 PetroChina Company Limited, Company Overview 128
12.3 PetroChina Company Limited, Business Description 128
12.4 PetroChina Company Limited, Value Chain Analysis 135
12.5 PetroChina Company Limited, SWOT Analysis 137
12.6 PetroChina Company Limited, Revenue Analysis 140
12.7 PetroChina Company Limited, Financial and Operational Review 142
12.8 PetroChina Company Limited, Operational Indicators 144
13 Financial Deals Landscape 145
13.1 Acquisition 145
13.2 Private Equity 151
13.3 Debt Offerings 152
13.4 Asset Transactions 163
14 Recent Developments 166
14.1 License Rounds 166
14.2 License Awards 167
14.3 Strategy and Business Expansion 170
14.4 Drilling and Production Updates 180
14.5 Financial Announcements 186
14.6 Other Significant Developments 191
14.7 New Contracts Announcements 220
15 Appendix 223
15.1 Methodology 223
15.2 Definitions 228
15.3 Unit Of Measure 229
15.4 Contact Us 229
15.5 About Global Markets Direct 229
15.6 Disclaimer 229



1.1 List of Tables
Table 1: China, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 21
Table 2: China, Historical and Forecasted Imports and Exports of Crude Oil, 1996-2020 23
Table 3: China, Historical and Forecasted Reserves of Crude Oil, 1996-2020 25
Table 4: China, Historical and Forecasted Production and Consumption of Natural Gas, 1996-2020 28
Table 5: China, Historical and Forecasted Reserves of Natural Gas, 1996-2020 30
Table 6: China, Historical and Forecasted Production and Consumption of Coal, 1996-2020 34
Table 7: China, Historical and Forecasted Electricity Generation Capacity, 1996-2020 38
Table 8: China, Historical and Forecasted Generation and Consumption of Electricity, 1996-2020 40
Table 9: China, Historical and Forecasted Exports and Imports of Electricity, 1996-2020 42
Table 10: China, Crude Oil and Natural Gas, Onshore Relinquishment Requirement, 2007 46
Table 11: China, Crude Oil and Natural Gas, Offshore Relinquishment Requirement, 2007 46
Table 12: China, Crude Oil, Royalty Rate, 2007 47
Table 13: China, Natural Gas, Royalty Rate, 2007 48
Table 14: China, Natural Gas, Profit Gas, 2007 49
Table 15: China, Crude Oil, Profit Oil, 2007 49
Table 16: South Asia, Investment Benchmarking, Overall Country Rankings, April 2008 52
Table 17: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, April 2008 53
Table 18: South Asia, Investment Benchmarking, Oil and Gas Sector Performance, April 2008 55
Table 19: South Asia, Investment Benchmarking, Economic Performance, April 2008 59
Table 20: South Asia, Investment Benchmarking, Socio-Political Performance, April 2008 61
Table 21: China, Oil and Gas, Key Statistics, April 2008 63
Table 22: China, Total Crude Oil and Natural Gas Reserves, 2000-2012 66
Table 23: China, Total Crude Oil Production (MMBBLs), 2000-2007 67
Table 24: China, Total Natural Gas Production (Bcf), by Assets, 2000-2007 68
Table 25: China, Oil and Gas Asset Details, April 2008 69
Table 26: China, Oil and Gas Asset Details, April 2008, (Cont’d) 70
Table 27: China, Oil and Gas Asset Details, April 2008, (Cont’d) 71
Table 28: China Offshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 72
Table 29: China Offshore – South China Sea, Total Crude Oil Production (Barrels), by Assets, 2000-2007 72
Table 30: China Onshore, Total Crude Oil Production (Barrels), by Assets, 2000-2007 73
Table 31: China Offshore, Total Natural Gas Production (BCF), by Assets, 2001-2007 74
Table 32: China Onshore, Total Natural Gas Production (BCF), by Assets, 2000-2007 74
Table 33: China Onshore, Total Natural Gas Production (BCF), by Assets, 2000-2007 (Cont’d) 75
Table 34: China, Oil and Gas Planned Production Asset Details, April 2008 75
Table 35: China, Oil and Gas Planned Production Asset Details, April 2008, (Cont’d) 76
Table 36: China, Total Crude Oil Production (MMBBLs), by Company, 2000-2007 77
Table 37: China, Total Natural Gas Production (BCF), by Company, 2000-2007 78
Table 38: China, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 78
Table 39: China, Total Natural Gas Production (BCF), Forecast, 2008-2013 78
Table 40: China, Total Number of Active Exploration Blocks, 2000-2007 80
Table 41: China, Total Number of Active Exploration Blocks By Company, 2000-2007 80
Table 42: China, Oil and Gas Exploration Blocks Details, April 2008 81
Table 43: China, Oil and Gas Exploration Blocks Details, April 2008 82
Table 44: China, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 83
Table 45: China, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 84
Table 46: China, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 85
Table 47: China, Oil and Gas Exploration Blocks Details, April 2008 (Cont’d) 86
Table 48: China, Oil and Gas Exploration Blocks Details, April 2008, (Cont’d) 87
Table 49: China, Oil and Gas Exploration Blocks Details, April 2008, (Cont’d) 88
Table 50: China, Oil and Gas Planned Exploration Blocks Details, April 2008 88
Table 51: China, Asia-Pacific, Crude Distillation Unit Capacity (MMTPA), 2000-2012 90
Table 52: China, Asia-Pacific, Coking Unit Capacity (MMTPA), 2000-2012 93
Table 53: China, Asia-Pacific, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2012 94
Table 54: China, Asia-Pacific, Hydrocracking Unit Capacity (MMTPA), 2000-2012 96
Table 55: Table 56:China, Crude Oil Pipelines, 2007 98
Table 56: China, Petroleum Product Pipelines, 2007 99
Table 57: China, Natural Gas Pipelines, 2007 100
Table 58: China, Asia Pacific, Regasification Capacity (Bcf), 2000-2012 101
Table 59: CNOOC Limited, Key Facts, 2007 102
Table 60: CNOOC Limited, SWOT Analysis , 2007 107
Table 61: CNOOC Limited, Revenue by Segment, Rmb Thousand, 2002-2006 112
Table 62: CNOOC Limited, Revenue by Geography, Rmb Thousand, 2002-2006 112
Table 63: CNOOC Limited, Financial Statements, Rmb Thousand, 2002-2006 113
Table 64: CNOOC Limited, Financial Ratios, Rmb Thousand, 2002-2006 114
Table 65: CNOOC Limited Operational Indicators, 2003-2007 115
Table 66: China Petroleum & Chemical Corporation, Key Facts, 2006 116
Table 67: China Petroleum & Chemical Corporation, SWOT Analysis , 2006 126
Table 68: China Petroleum & Chemical Corporation, Revenue by Segment, RMB Million, 2002-2006 130
Table 69: China Petroleum & Chemical Corporation, Financial Statements, RMB Million, 2002-2006 131
Table 70: China Petroleum & Chemical Corporation, Financial Ratios, RMB Million, 2002-2006 132
Table 71: China Petroleum & Chemical Corporation Operational Indicators, 2002-2006 133
Table 72: PetroChina Company Limited, Key Facts, 2006 134
Table 73: PetroChina Company Limited, SWOT Analysis , 2006 143
Table 74: PetroChina Company Limited, Revenue by Segment, RMB Million, 2002-2006 147
Table 75: PetroChina Company Limited, Revenue by Geography, RMB Million, 2002-2006 147
Table 76: PetroChina Company Limited, Financial Statements, RMB Million, 2002-2006 148
Table 77: PetroChina Company Limited, Financial Ratios, RMB Million, 2002-2006 149
Table 78: PetroChina Company Limited Operational Indicators, 2002-2006 150
Table 79: Brent Blend NYMEX Future Prices 233



1.2 List of Figures
Figure 1: China, Energy Sector break-up, 2007 19
Figure 2: China, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 22
Figure 3: China, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 24
Figure 4: China, Crude Oil Reserves, Million Barrels, 1996-2020 26
Figure 5: China, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 29
Figure 6: China, Natural Gas Reserves, Billion Cubic Feet, 1996-2020 31
Figure 7: China, Coal Production And Consumption, Million Tons, 1996-2020 35
Figure 8: China, Electricity Production by Fuel Type, 2007 36
Figure 9: China, Electricity Consumption by End User, 2007 37
Figure 10: China, Electricity Generation Capacity, Megawatt, 1996-2020 39
Figure 11: China, Electricity Generation And Consumption, Billion Kilowatt Hours, 1996-2020 41
Figure 12: China, Electricity Imports And Exports, Billion Kilowatt Hours, 1996-2020 43
Figure 13: China, Upstream Oil & Gas Fiscal Regime (PSA), Sample Cashflows, 2005-2016 51
Figure 14: South Asia, Country Standings, Upstream Fiscal Attractiveness, April 2008 54
Figure 15: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 55
Figure 16: South Asia, Country Standings, Oil and Gas Sector Performance, April 2008 (Contd.) 56
Figure 17: South Asia, Country Standings, Number of Active Exploration Blocks Made Active, April 2008 57
Figure 18: South Asia, Country Standings, Economic Performance, April 2008 60
Figure 19: South Asia, Country Standings, Socio-Political Performance, April 2008 62
Figure 20: China, Exploration and Production Assets Map, April 2008 64
Figure 21: China, Total Crude Oil and Natural Gas Reserves(MMBOE), 2000-2012 65
Figure 22: China, Total Crude Oil Production (MMBBLs), 2000-2007 67
Figure 23: China, Total Natural Gas Production (BCF), 2000-2007 68
Figure 24: China, Total Number of Active Exploration Blocks,2000-2007 79
Figure 25: CNOOC Limited, Value Chain Analysis 105
Figure 26: China Petroleum & Chemical Corporation, Value Chain Analysis 123
Figure 27: PetroChina Company Limited, Value Chain Analysis 141
Figure 28: Global Markets Direct Methodology 229