China Oil and Gas Exploration and Production Market Volumes and Forecast by Terrain, Assets and Major Companies, 2023-2025

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China Oil and Gas Exploration and Production Market Report Overview

In 2023, the total number of active and upcoming oil and gas projects in China is approximately 13 projects, five of which are upcoming fields. However, overall, there is a decline in the number of active and upcoming oil and gas projects in the next two years. This is most likely attributed to the natural decline in China’s reserve, as the large fields are experiencing a natural decline, and less new fields large enough to replace the large active ones are being discovered.

China ranks as the sixth-largest producer of oil and gas but is the world’s second-largest consumer. As consumption increases every year, and supply is unable to meet the demand, China relies heavily on imports. China’s dependency on imports and energy supply concerns have resulted in the authorities encouraging domestic E&P companies to find discoveries and increase exploration activities to boost domestic output and thus reserves.

The China oil and gas exploration and production market research report provides an oil & gas production outlook by assets, terrain, and major companies.

China Gross Crude Oil and Condensate Production Market by Terrains

The key terrains analyzed for China gross crude oil and condensate production are onshore, shallow water, and deepwater, among others. In 2022, onshore accounted for the highest crude oil and condensate production in China.

China Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

China Gross Crude Oil and Condensate Production Market Analysis, by Terrains 2022 (%)

For more terrain insights into the China gross crude oil and condensate production market, download a free report sample

China Gross Crude Oil and Condensate Production Market Segmentation by Assets

The key assets analyzed for China’s gross crude oil and condensate production market are Daqing (Petrochina), Changqing (PetroChina), Shengli, Xinjiang (PetroChina), Cnooc Fields China, Yanchang, Liaohe, Tarim (PetroChina), and Xibei, among others. In 2022, Daqing (Petrochina) accounted for the highest crude oil and condensate production in China.

China Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

China Gross Crude Oil and Condensate Production Market Analysis by Assets, 2022 (%)

For more asset insights into the China gross crude oil and condensate production market, download a free report sample

China Marketed Natural Gas Production by Assets

The key assets analyzed for China marketed natural gas production are Tarim (PetroChina), Sulige, Changqing (PetroChina), Anyue, Sichuan (PetroChina), Fuling, Puguang, Xinan (Sinopec), and Changning-Weiyuan, among others. In 2022, Tarim (PetroChina) accounted for the highest natural gas production in China.

China Marketed Natural Gas Production Analysis, by Assets 2022 (%)

China Marketed Natural Gas Production Analysis, by Assets 2022 (%)

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China Oil & Gas Exploration and Production Market - Competitive Landscape

The leading companies in the China crude oil & condensate production market are China National Petroleum Corp, China National Offshore Oil Corp, China Petrochemical Corp, Shaanxi Yanchang Petroleum (Group) Co Ltd, Frontier Oil Corp, ConocoPhillips, ACEN Corp, Brightoil Petroleum (Holdings) Ltd, Far East Energy Ltd, and SK Innovation Co Ltd, among others.

The leading companies in the China natural gas production market are China National Petroleum Corp, China Petrochemical Corp, China National Offshore Oil Corp, Shell plc, Cenovus Energy Inc, TotalEnergies SE, AAG Energy Holdings Ltd, Shaanxi Yanchang Petroleum (Group) Co Ltd, China New Energy Mining Ltd, and Sino Gas & Energy Holdings Ltd, among others.

China National Petroleum Corp was the leading company in the China oil & gas exploration and production market in 2022.

China Marketed Natural Gas Production Analysis, by Companies 2022 (%)

China Marketed Natural Gas Production Analysis, by Companies 2022 (%)

To know more about leading companies in the China crude oil and condensate production market, download a free report sample

China Oil & Gas Exploration and Production Market Research Overview

Forecast Period 2022-2025
Historical Period 2016-2021
Key Terrains (Crude Oil and Condensate Production) Onshore, Shallow Water, and Deepwater
Key Assets (Gross Crude Oil and Condensate Production) Daqing (Petrochina), Changqing (PetroChina), Shengli, Xinjiang (PetroChina), Cnooc Fields China, Yanchang, Liaohe, Tarim (PetroChina), and Xibei
Key Assets (Marketed Natural Gas Production) Tarim (PetroChina), Sulige, Changqing (PetroChina), Anyue, Sichuan (PetroChina), Fuling, Puguang, Xinan (Sinopec), and Changning-Weiyuan
Leading Companies (Crude Oil and Condensate Production) China National Petroleum Corp, China National Offshore Oil Corp, China Petrochemical Corp, Shaanxi Yanchang Petroleum (Group) Co Ltd, Frontier Oil Corp, ConocoPhillips, ACEN Corp, Brightoil Petroleum (Holdings) Ltd, Far East Energy Ltd, and SK Innovation Co Ltd
Leading Companies (Marketed Natural Gas Production) China National Petroleum Corp, China Petrochemical Corp, China National Offshore Oil Corp, Shell plc, Cenovus Energy Inc, TotalEnergies SE, AAG Energy Holdings Ltd, Shaanxi Yanchang Petroleum (Group) Co Ltd, China New Energy Mining Ltd, and Sino Gas & Energy Holdings Ltd

Segments Covered in the Report

China Oil & Gas Exploration and Production Market Terrains Outlook (2016-2025)

  • Shallow Water
  • Onshore
  • Deepwater

Scope

  • Key details of active and upcoming oil and gas assets in the country
  • Recently licensed blocks details, and the latest discoveries
  • Latest mergers and acquisitions related to the E&P sector in the country

Reasons to Buy

  • Gain a strong understanding of China’s E&P sector
  • Facilitate decision-making based on strong historical and outlook of oil and gas production data, licensed blocks details, and discoveries
  • Assess your competitor’s production outlook and licensed blocks details in the country
  • Analyze the latest M&A landscape related to the country’s E&P sector

Table of Contents

|Table of Contents

|Table of Contents 3

|List of Tables 4

|List of Figures 5

China Exploration and Production Sector 6

China Exploration and Production Sector, Oil and Gas Production Outlook 8

China Exploration and Production Sector, Marketed Natural Gas Production by Terrain 9

China Exploration and Production Sector, Gross Crude Oil and Condensate Production by Assets 10

China Exploration and Production Sector, Marketed Natural Gas Production by Assets 13

China Exploration and Production Sector, Net Entitlement Crude Oil and Condensate Production by Major Companies 16

China Exploration and Production Sector, Net Entitlement Natural Gas Production by Major Companies 20

China Exploration and Production Sector, Active and Upcoming Oil and Gas Asset Details 23

China Exploration and Production Sector, Exploration 30

China Exploration and Production Sector, Exploration Details, Exploration 30

China Exploration and Production Sector, Major Oil and Gas Discoveries 33

China Exploration and Production Sector, Number of Oil and Gas Discoveries, 2017 – 2021 33

China Exploration and Production Sector, Oil and Gas Discovery Details 34

Recent Contracts 41

Recent M&A Activity 66

Appendix 68

Methodology 68

Coverage 68

Secondary Research 68

|Contact Us 69

Table

China, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 8

China, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 9

China, Gross Crude Oil and Condensate Production (bd), by Assets, 2016-2025 11

China, Marketed Natural Gas Production (mmcfd), by Assets, 2016-2026 14

China, Net Entitlement Crude Oil and Condensate Production (bd), by Major Companies, 2016 – 2025 17

China, Net Entitlement Natural Gas Production (mmcfd), by Major Companies, 2016 – 2025 21

China, Active and Upcoming Oil and Gas Field Assets Details 24

China, Recently Licensed Block Details 30

China, Number of Oil and Gas Discoveries, 2017 – 2021 33

China, Oil and Gas Discovery Details, 2017 – 2021 34

Recent Contracts 41

Recent M&A Activity 66

Figures

China, Total Gross Crude Oil and Condensate Production (bd) by Terrain, 2016-2025 8

China, Marketed Natural Gas Production by Terrain (mmcfd), 2016-2025 9

Top 10 Fields in China by 2020 Crude Oil Production 10

Top 10 Fields in China by 2020 Natural Gas Production 13

Top 10 Companies in China by 2020 Crude Oil and Condensate Production 16

Top 10 Companies in China by 2020 Natural Gas Production 20

China, Active and Upcoming Oil and Gas Assets by Production Start Year 23

China, Number of Oil and Gas Discoveries, 2017 – 2021 33

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