China Oil Markets, 2012

NEW YORK, Sept. 5, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

China Oil Markets, 2012

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China Oil Markets, 2012

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 crude oil assets (oil fields, refineries, pipelines and storage terminals) in China. The report compares the investment environment in China with other countries in the region. The profiles of the major companies operating in the crude oil 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 2000-2020.

- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in China for the period 2005-2016.

- Operator and equity details for major crude oil assets in China.

- Key information relating to market regulations, key energy assets and the key companies operating in the China's energy industry.

- 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.

- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.

- Assess your competitor's major crude oil assets and their performance.

- Analyze the latest news and financial deals in the oil 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 the country.

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 7

1.2 List of Figures 9

2 China Energy Sector 10

2.1 China Energy Sector, Market Overview 10

2.2 China Energy Sector, Oil 10

2.2.1 China Oil, Overview 10

2.2.2 China Oil, Supply and Demand Balance 11

2.2.3 China Crude Oil, Regulatory Structure 16

2.2.4 China Crude Oil, Infrastructure 16

3 China Oil Upstream Investment Environment Benchmarking 17

3.1 Introduction 17

3.2 The Overall Ranking 17

3.3 Upstream Fiscal Attractiveness 17

3.3.1 Maximum Government Take Index 19

3.3.2 Fiscal Flexibility 19

3.3.3 Maximum State Participation 19

3.4 Oil Sector Performance 19

3.4.1 Exploration Activity 21

3.4.2 Oil Production 22

3.4.3 Oil Reserves 22

3.4.4 Oil Consumption 23

3.4.5 Refining Industry 23

3.5 Economic Performance 23

3.5.1 GDP Growth Index 25

3.5.2 FDI Confidence Index 25

3.5.3 Balance of Trade Index 25

3.6 Socio-Political Performance 25

3.6.1 Democracy Index 27

3.6.2 Governance Index 27

4 China Exploration and Production Sector 28

4.1 China Exploration and Production Sector, Country Snapshot 28

4.1.1 China Exploration and Production Sector, Key Data 28

4.1.2 China Exploration and Production Sector, Crude Oil Assets Map 28

4.2 China Exploration and Production Sector, Gross Crude Oil Production 29

4.2.1 China Exploration and Production Sector, Total Gross Crude Oil-Historical Production 29

4.2.2 China Exploration and Production Sector, Gross Crude Oil Production by Type 30

4.2.3 China Exploration and Production Sector, Gross Crude Oil Production by Assets 31

4.2.4 China Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 32

4.2.5 China Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 33

4.3 China Exploration and Production Sector, Gross Crude Oil Forecasts 35

4.3.1 China Exploration and Production Sector, Gross Crude Oil Production Forecast 35

4.4 China Exploration and Production Sector, Crude Oil Asset Details 36

4.4.1 China Exploration and Production Sector, Active Crude Oil Asset Details 36

4.4.2 China Exploration and Production Sector, Planned Crude Oil Asset Details 38

4.5 China Exploration and Production Sector, Major Oil Discoveries 38

4.5.1 China Exploration and Production Sector, Number of Oil Discoveries 38

4.5.2 China Exploration and Production Sector, Oil Discovery Details 39

4.6 China Exploration and Production Sector, Recent Discoveries 40

4.6.1 Aug 14, 2012: CNOOC Announces Successful Appraisal Of Qinhuangdao 29-2 In Central North Of Bohai 40

4.6.2 May 24, 2012: CNOOC Finds Oil At LD 21-2 Well In Bohai, China 40

4.6.3 Apr 20, 2012: CNOOC Discovers Gas At Dongfang 13-2 Well On Yinggehai Basin, China Sea 40

4.6.4 Apr 16, 2012: CNOOC Finds More Crude At PL 9-1 Structure Offshore China 41

4.6.5 Dec 08, 2011: PetroChina And Shell Find Shale Gas At Sichuan Province In China 41

4.7 China Exploration and Production Sector, Drilling and Production Updates 41

4.7.1 Aug 03, 2012: CNOOC Begins Production At Yacheng 13-4 Gas Field In Hainan Province, China 41

4.7.2 Jul 23, 2012: MIE Holdings Announces Success Of First Horizontal Well In China 41

4.7.3 Jul 20, 2012: PetroChina To Add 1bcm Of Natural Gas Capacity At Sulige Field In Northwest China 42

4.7.4 Jul 16, 2012: Sinopec Provides Shengli Oilfield Production Update 42

4.7.5 Jun 13, 2012: Petronas Shuts Production At Tukau B Drilling Platform In South China 42

5 China FPSO Industry 43

5.1 China FPSO Industry, FPSO Capacity Details by Vessel 43

5.2 China FPSO Industry, FPSO Vessel Specifications 44

6 China FSO Industry 45

6.1 China FSO Industry, FSO Capacity Details by Vessel 45

6.2 China FSO Industry, FSO Vessel Specifications 45

7 China Pipeline Sector 46

7.1 China Pipeline Sector, Key Data 46

7.2 China Pipeline Sector, An Overview 46

7.3 China Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 47

7.4 China Pipeline Sector, Comparison of Key Petroleum Products Pipeline Companies 48

7.5 China Pipeline Sector, Crude Oil Pipelines 49

7.6 China pipeline Sector, Petroleum Product Pipelines 51

8 China Refining Sector 53

8.1 China Refining Sector, Key Data 53

8.2 China Refining Sector, An Overview 53

8.2.1 China Refining Sector, Total Refining Capacity 53

8.3 China Refining Sector, Capacity Market Share by Company 54

8.4 China Refining Sector, Crude Distillation Unit Capacity 56

8.5 China Refining Sector, Coking Capacity 59

8.6 China Refining Sector, Fluid Catalytic Cracking Capacity 60

8.7 China Refining Sector, Hydrocracking Capacity 63

9 China Oil and Chemicals Storage Sector 65

9.1 China Oil and Chemicals Storage Sector, Key Data 65

9.2 China Oil and Chemicals Storage Sector, An Overview 65

9.2.1 China Oil and Chemicals Storage Sector, Total Storage Capacity 65

9.3 China Oil and Chemicals Storage Sector, Storage Capacity by Area 66

9.4 China Oil and Chemicals Storage Sector, Capacity Market Share by Company 67

9.5 China Oil and Chemicals Storage Sector, Storage Capacity 68

10 Profile of CNOOC Limited 77

10.1 CNOOC Limited, Key Information 77

10.2 CNOOC Limited, Company Overview 77

10.3 CNOOC Limited, Business Description 77

10.3.1 Business Overview 77

10.3.2 Independent Operations 78

10.3.3 Production Sharing Contracts 79

10.3.4 Trading 79

10.4 CNOOC Limited SWOT Analysis 80

10.4.1 Overview 80

10.4.2 CNOOC Limited Strengths 80

10.4.3 CNOOC Limited Weaknesses 81

10.4.4 CNOOC Limited Opportunities 81

10.4.5 CNOOC Limited Threats 82

11 Profile of PetroChina Company Limited 84

11.1 PetroChina Company Limited, Key Information 84

11.2 PetroChina Company Limited, Company Overview 84

11.3 PetroChina Company Limited, Business Description 84

11.3.1 Business Overview 84

11.3.2 Exploration and Production 85

11.3.3 Marketing 86

11.3.4 Natural Gas and Pipeline 86

11.3.5 Refining and Chemicals 87

11.4 PetroChina Company Limited, SWOT Analysis 87

11.4.1 Overview 87

11.4.2 PetroChina Company Limited Strengths 88

11.4.3 PetroChina Company Limited Weaknesses 89

11.4.4 PetroChina Company Limited Opportunities 89

11.4.5 PetroChina Company Limited Threats 91

12 Profile of China Petroleum & Chemical Corporation 93

12.1 China Petroleum & Chemical Corporation, Key Information 93

12.2 China Petroleum & Chemical Corporation, Company Overview 93

12.3 China Petroleum & Chemical Corporation, Business Overview 93

12.3.1 Business Overview 93

12.3.2 Chemicals 94

12.3.3 Exploration and Production 95

12.3.4 Marketing and Distribution 95

12.3.5 Others 96

12.3.6 Refining 96

12.4 China Petroleum & Chemical Corporation, SWOT Analysis 97

12.4.1 Overview 97

12.4.2 China Petroleum & Chemical Corporation Strengths 97

12.4.3 China Petroleum & Chemical Corporation Weaknesses 99

12.4.4 China Petroleum & Chemical Corporation Opportunities 99

12.4.5 China Petroleum & Chemical Corporation Threats 100

13 Financial Deals Landscape 102

13.1 Detailed Deal Summary 102

13.1.1 Acquisition 102

13.1.2 Debt Offerings 107

13.1.3 Partnerships 115

13.1.4 Asset Transactions 116

14 Recent Developments 121

14.1 License Rounds 121

14.1.1 Jul 25, 2012: China's Second Shale Gas Auction To Attract More Than 100 Chinese Firms 121

14.1.2 Jun 29, 2012: China To Launch Second Shale Gas Bidding Round In July 2012 121

14.2 License Awards 121

14.2.1 Jul 09, 2012: Far East Energy Announces MofCom Approval For Shouyang Block Extension 121

14.2.2 Jun 19, 2012: Far East Energy Receives MofCom Approval For Yunnan Province In China 123

14.3 Strategy and Business Expansion 123

14.3.1 Aug 10, 2012: CNPC And Chevron Exchange Views On Deepening Cooperation 123

14.3.2 Aug 09, 2012: CNPC Signs Cooperation Agreement With Government Of Xinjiang Uygur Autonomous Region, And Xinjiang Production and Construction 123

14.4 Other Significant Developments 124

14.4.1 Aug 13, 2012: China Natural Gas Production Increases By 1.1% In July 2012 124

14.4.2 Aug 08, 2012: Sinopec Completes Integration Of Lubricant Sales Business 124

14.5 New Contracts Announcements 124

14.5.1 Apr 16, 2012: Blue Water Shipping Wins Contract In Connection With Construction Of FPSO Unit 124

14.5.2 Mar 01, 2012: Dart International Enters Into LOI With HCBM And HPEC 125

15 Appendix 127

15.1 Abbreviations 127

15.2 Methodology 127

15.2.1 Coverage 127

15.2.2 Secondary Research 128

15.2.3 Primary Research 128

15.3 Contact Us 128

15.4 Disclaimer 129

List of Tables

Table 1: China, Historical and Forecast Production and Consumption of Oil, Thousand Barrels Per Day, 2000-2020 11

Table 2: China, Historical and Forecast Imports and Exports of Oil, Thousand Barrels Per Day, 2000-2020 13

Table 3: China, Historical Reserves of Crude Oil, Million Barrels, 2000-2011 15

Table 4: South Asia, Investment Benchmarking, Overall Country Rankings, Jul 2012 17

Table 5: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, Jul 2012 18

Table 6: South Asia, Investment Benchmarking, Oil Sector Performance, Jul 2012 19

Table 7: South Asia, Investment Benchmarking, Economic Performance, Jul 2012 23

Table 8: South Asia, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 24

Table 9: South Asia, Investment Benchmarking, Socio-Political Performance, Jul 2012 26

Table 10: South Asia, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 26

Table 11: China, Crude Oil Key Statistics, 2011 28

Table 12: China, Total Gross Crude Oil Production (MMBBLs), 2003-2011 29

Table 13: China, Total Gross Crude Oil Production (MMBBLs) by Type, 2003- 2011 30

Table 14: China, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2011 31

Table 15: China, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2003- 2011 32

Table 16: China, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2011 33

Table 17: China, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2012- 2016 35

Table 18: China, Active Oil Field Assets Details 36

Table 19: China, Planned Oil Field Assets Details 38

Table 20: China, Number of Oil Discoveries, 2006- 2011 38

Table 21: China, Oil Discovery Details, 2006-2011 39

Table 22: China FPSO Industry, FPSO Oil Production Capacities, Jul 2012 43

Table 23: China FPSO Industry, FPSO Vessel Specifications, Jul 2012 44

Table 24: China FSO Industry, FSO Oil Production Capacities, Jul 2012 45

Table 25: China FSO Industry, FSO Vessel Specifications, Jul 2012 45

Table 26: China, Pipeline key Statistics, Jul 2012 46

Table 27: China, Crude Oil Pipeline Length by Company (Km), Jul 2012 47

Table 28: China, Petroleum Products Pipeline Length by Company (Km), Jul 2012 48

Table 29: China, Crude Oil Pipelines, Jul 2012 49

Table 30: China, Crude Oil Pipelines, Jul 2012 (Contd.1) 50

Table 31: China, Petroleum Products Pipelines, Jul 2012 51

Table 32: China, Petroleum Products Pipelines, Jul 2012 (Contd.1) 52

Table 33: China, Refinery Key Statistics, Jul 2012 53

Table 34: China, Total Refining Capacity (MMTPA), 2005- 2016 53

Table 35: China, Refining Capacity by Company (MMTPA), 2005-2016 54

Table 36: China, Crude Distillation Unit Capacity (MMTPA), 2005-2016 56

Table 37: China, Crude Distillation Unit Capacity (MMTPA), 2005-2016 (Contd.1) 57

Table 38: China, Crude Distillation Unit Capacity (MMTPA), 2005-2016 (Contd.2) 58

Table 39: China, Coking Unit Capacity (MMTPA), 2005-2016 59

Table 40: China, Coking Unit Capacity (MMTPA), 2005-2016 (Contd.1) 60

Table 41: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2016 60

Table 42: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2016 (Contd.1) 61

Table 43: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2016 (Contd.2) 62

Table 44: China, Hydrocracking Unit Capacity (MMTPA), 2005-2016 63

Table 45: China, Hydrocracking Unit Capacity (MMTPA), 2005-2016 (Contd.1) 64

Table 46: China, Oil and Chemicals Storage Key Statistics, Jul 2012 65

Table 47: China, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 65

Table 48: China, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 67

Table 49: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 68

Table 50: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.1) 69

Table 51: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.2) 70

Table 52: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.3) 71

Table 53: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.4) 72

Table 54: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.5) 73

Table 55: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.6) 74

Table 56: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.7) 75

Table 57: China, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.8) 76

Table 58: CNOOC Limited, Key Facts 77

Table 59: CNOOC Limited, SWOT Analysis 80

Table 60: PetroChina Company Limited, Key Facts 84

Table 61: PetroChina Company Limited, SWOT Analysis 88

Table 62: China Petroleum & Chemical Corporation, Key Facts 93

Table 63: China Petroleum & Chemical Corporation, SWOT Analysis 97

Table 64: Leyshon Resources To Acquire Pacific Asia Petroleum From CAMAC Energy 102

Table 65: MIE Holdings Completes Acquisition Of 51% Stake In Sino Gas & Energy From Sino Gas & Energy Holdings For $100 Million 103

Table 66: Shandong Hi-Tech Chemical Group Completes Acquisition Of Remaining 26% Stake In Shandong Hi-Tech Ruilin Chemical From Shandong Jindayuan Group For $19.1 Million 104

Table 67: China Resources Gas To Acquire AEI China Gas From AEI Asia For $237.7 Million 105

Table 68: Sinopec CNOOC Acquires Zhuhai Donghua Natural Gas From 106

Table 69: PetroChina Announces Public Offering Of Notes Due 2016 For $3.16 Billion 107

Table 70: China National Petroleum Announces Public Offering Of Notes Due 2016 For $3.2 Billion 108

Table 71: Sinopec Plans Public Offering Of Bonds Due 2017 For $1 Billion 109

Table 72: Sinopec Plans Public Offering Of Bonds Due 2022 For $1 Billion 110

Table 73: Sinopec Plans Public Offering Of Bonds Due 2042 For $1 Billion 111

Table 74: PetroChina Plans Public Offering Of Bonds Due 2022 For $3.16 Billion 112

Table 75: Sinochem Announces Public Offering Of Notes Due 2017 For $474 Million 113

Table 76: China National Petroleum Announces Public Offering Of Bonds Due 2019 For $1.6 Billion 113

Table 77: China National Petroleum Announces Public Offering Of Bonds Due 2022 For $1.6 Billion 114

Table 78: Odfjell To Form Joint Venture With Nangang Port In China 115

Table 79: PetroChina Plans To Form Joint Venture With Shell And Hess To Explore Shale Oil In China 115

Table 80: ONGC Plans To Acquire Overseas Oil And Gas Assets For $8.8 Billion 116

Table 81: CNOOC To Acquire 51% Working Interest In Block 33/07 From Primeline Energy China And Primeline Petroleum 117

Table 82: Roc Oil (Bohai) Acquires Exploration Block 09/05, Offshore Bohai From CNOOC 118

Table 83: Total To Acquire Minority Stake In Zhanjiang Petrochemical Project In China From Kuwait Petroleum 119

List of Figures

Figure 1: China, Primary Energy Consumption Split By Fuel Type (%), 2011 10

Figure 2: China, Oil Production And Consumption, Thousand Barrels Per Day, 2000-2020 12

Figure 3: China, Oil Exports And Imports, Thousand Barrels Per Day, 2000-2020 14

Figure 4: China, Crude Oil Reserves, Million Barrels, 2000-2011 15

Figure 5: South Asia, Country Standings, Upstream Fiscal Attractiveness, Jul 2012 18

Figure 6: South Asia, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, Jul 2012 20

Figure 7: South Asia, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Jul 2012 21

Figure 8: South Asia, Country Standings, Exploration Blocks Awarded, Jul 2012 22

Figure 9: South Asia, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 24

Figure 10: South Asia, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 27

Figure 11: China, Crude Oil Assets Map, Jul 2012 28

Figure 12: China, Total Gross Crude Oil Production (MMBBLs), 2003-2011 29

Figure 13: China, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2011 30

Figure 14: China, Gross Equity Weighted Crude Oil Production (MMBBLs), by Key Companies, 2003-2011 33

Figure 15: China, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2011 34

Figure 16: China, Number of Oil Discoveries, 2006- 2011 39

Figure 17: China, Crude Oil Pipeline Length by Company (Km), Jul 2012 47

Figure 18: China, Petroleum Products Pipeline Length by Company (Km), Jul 2012 48

Figure 19: China, Total Refining Capacity (MMTPA), 2005- 2016 54

Figure 20: China, Refining Capacity by Company (MMTPA), 2011 55

Figure 21: China, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 66

Figure 22: China, Oil and Chemicals Storage Capacity by Area (%), 2011 66

Figure 23: China, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 67

Companies mentioned

CNOOC Limited

PetroChina Company Limited

China Petroleum & Chemical Corporation

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Oil_and_Gas_energy Industry: China Oil Markets, 2012

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