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 (%)
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 (%)
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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 (%)
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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 (%)
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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
Figures
Frequently asked questions
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What are the key terrains in the China oil and gas production market?
The key terrains in the China oil and gas production market are onshore, shallow water, and deepwater, among others.
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What are the key assets in the China crude oil and condensate production market?
The key assets in the China gross crude oil and condensate production market are Daqing (Petrochina), Changqing (PetroChina), Shengli, Xinjiang (PetroChina), Cnooc Fields China, Yanchang, Liaohe, Tarim (PetroChina), Xibei, and Other Fields China, among others.
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What are the key assets in the China natural gas production market?
The key assets in the China natural gas production market are Tarim (PetroChina), Sulige, Changqing (PetroChina), Anyue, Sichuan (PetroChina), Other Fields China, Fuling, Puguang, Xinan (Sinopec), and Changning-Weiyuan, among others.
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Which are the key companies in the China crude oil & condensate production market?
The key 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.
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Which are the key companies in the China natural gas production market?
The key 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.
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