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 2000-2015.

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.

Table of Contents

1 Table Of Contents 2

1.1 List of Tables 8

1.2 List of Figures 11

2 China Energy Sector 12

2.1 China Energy Sector, Market Overview 12

2.2 China Energy Sector, Crude Oil 13

2.2.1 China Crude Oil, Overview 13

2.2.2 China Crude Oil, Supply and Demand Balance 13

2.2.3 China Crude Oil, Regulatory Structure 20

2.2.4 China Crude Oil, Infrastructure 21

3 China Oil Upstream Investment Environment Benchmarking 22

3.1 Introduction 22

3.2 The Overall Ranking 22

3.3 Upstream Fiscal Attractiveness 23

3.3.1 Maximum Government Take Index 24

3.3.2 Maximum State Participation 24

3.4 Oil Sector Performance 25

3.4.1 Exploration Activity 27

3.4.2 Oil Production 28

3.4.3 Oil Reserves 28

3.4.4 Oil Consumption 29

3.4.5 Refining Industry 29

3.5 Economic Performance 29

3.5.1 GDP Growth Index 31

3.5.2 FDI Confidence Index 31

3.5.3 Balance of Trade Index 31

3.6 Socio-Political Performance 31

3.6.1 Democracy Index 33

3.6.2 Governance Index 33

4 China Exploration and Production Sector 34

4.1 China Exploration and Production Sector, Country Snapshot 34

4.1.1 China Exploration and Production Sector, Key Data 34

4.1.2 China Exploration and Production Sector, Crude Oil Assets Map 34

4.2 China Exploration and Production Sector, Gross Crude Oil Production 35

4.2.1 China Exploration and Production Sector, Total Gross Crude Oil-Historical Production 35

4.2.2 China Exploration and Production Sector, Gross Crude Oil Production by Type 36

4.2.3 China Exploration and Production Sector, Gross Crude Oil Production by Assets 37

4.2.4 China Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 38

4.2.5 China Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 39

4.3 China Exploration and Production Sector, Gross Crude Oil Forecasts 41

4.3.1 China Exploration and Production Sector, Gross Crude Oil Forecasted Production 41

4.4 China Exploration And Production Sector, Crude Oil Asset Details 42

4.4.1 China Exploration And Production Sector, Active Crude Oil Asset Details 42

4.4.2 China Exploration And Production Sector, Planned Crude Oil Asset Details 45

4.5 China Exploration And Production Sector, Major Oil Discoveries 46

4.5.1 China Exploration And Production Sector, Number of Oil Discoveries, 2005- 2010 46

4.5.2 China Exploration And Production Sector, Oil Discovery Details 47

4.6 China Exploration And Production Sector, Recent Discoveries 47

4.6.1 May 12, 2011: CAMAC Energy Announces Gas Discovery On ZJS-03 Well In China 47

4.6.2 Apr 27, 2011: Sinopec Discovers Two Gas Wells At Yuanba District In Sichuan Province, China 48

4.6.3 Apr 05, 2011: Enviro Energy Encounters CBM Interval At LHG10-01 Well In Xinjiang, China 48

4.7 China Exploration And Production Sector, Drilling and Production Updates 49

4.7.1 May 25, 2011: Sino Gas Updates On TB09 Well In China 49

4.7.2 Apr 15, 2011: Sinopec To Increase Gasoline And Diesel Production In April 2011 49

4.7.3 Apr 08, 2011: PetroChina's Daqing Oilfield Produces

10.035 MMt Of Crude Oil In Q1 2011 50

4.7.4 Apr 07, 2011: CAMAC Energy Announces Spudding And Progress Of ZJS-3 Well In China 50

4.7.5 Mar 17, 2011: CNPC Boosts Overseas Output 50

5 China FPSO Industry 51

5.1 China FPSO Industry, FPSO Capacity Details by Vessel 51

5.1.1 China FPSO Industry, FPSO Vessel Specifications 52

6 China FSO Industry 53

6.1 China FSO Industry, FSO Capacity Details by Vessel 53

6.2 China FSO Industry, FSO Vessel Specifications 53

7 China Pipeline Sector 54

7.1 China Pipeline Sector, Key Data 54

7.2 China Pipeline Sector, An Overview 54

7.3 China Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 54

7.4 China Pipeline Sector, Comparison of Key Petroleum Products Pipeline Companies 55

7.5 China Pipeline Sector, Crude Oil Pipelines 57

7.6 China pipeline Sector, Petroleum Product Pipelines 59

8 China Refining Sector 61

8.1 China Refining Sector, Key Data 61

8.2 China Refining Sector, An Overview 61

8.2.1 China Refining Sector, Total Refining Capacity 61

8.3 China Refining Sector, Capacity- Wise Market Share by Company 62

8.4 China Refining Sector, Crude Distillation Unit Capacity 64

8.5 China Refining Sector, Coking Capacity 68

8.6 China Refining Sector, Fluid Catalytic Cracking Capacity 70

8.7 China Refining Sector, Hydrocracking Capacity 74

9 China Oil and Chemicals Storage Sector 77

9.1 China Oil and Chemicals Storage Sector, Key Data 77

9.2 China Oil and Chemicals Storage Sector, An Overview 77

9.2.1 China Oil and Chemicals Storage Sector, Total Storage Capacity 77

9.3 China Oil and Chemicals Storage Sector, Capacity- Wise Market Share by Company 78

9.4 China Oil and Chemicals Storage Sector, Storage Capacity 80

10 Profile of CNOOC Limited 87

10.1 CNOOC Limited, Key Information 87

10.2 CNOOC Limited, Company Overview 87

10.3 CNOOC Limited, Business Description 87

10.3.1 Business Overview 87

10.3.2 Independent Operations 88

10.3.3 Production Sharing Contracts 88

10.3.4 Trading 89

10.4 CNOOC Limited, SWOT Analysis 90

10.4.1 Overview 90

10.4.2 CNOOC Limited Strengths 90

10.4.3 CNOOC Limited Weaknesses 91

10.4.4 CNOOC Limited Opportunities 92

10.4.5 CNOOC Limited Threats 92

11 Profile of PetroChina Company Limited 94

11.1 PetroChina Company Limited, Key Information 94

11.2 PetroChina Company Limited, Company Overview 94

11.3 PetroChina Company Limited, Business Description 94

11.3.1 Business Overview 94

11.3.2 Exploration and Production 95

11.3.3 Marketing 96

11.3.4 Natural Gas and Pipeline 96

11.3.5 Refining and Chemicals 97

11.4 PetroChina Company Limited, SWOT Analysis 99

11.4.1 Overview 99

11.4.2 PetroChina Company Limited Strengths 99

11.4.3 PetroChina Company Limited Weaknesses 100

11.4.4 PetroChina Company Limited Opportunities 101

11.4.5 PetroChina Company Limited Threats 102

12 Profile of China Petroleum & Chemical Corporation 104

12.1 China Petroleum & Chemical Corporation, Key Information 104

12.2 China Petroleum & Chemical Corporation, Company Overview 104

12.3 China Petroleum & Chemical Corporation, Business Description 104

12.3.1 Business Overview 104

12.3.2 Chemicals 105

12.3.3 Exploration and Production 105

12.3.4 Marketing and Distribution 106

12.3.5 Others 107

12.3.6 Refining 107

12.4 China Petroleum & Chemical Corporation, SWOT Analysis 108

12.4.1 Overview 108

12.4.2 China Petroleum & Chemical Corporation Strengths 109

12.4.3 China Petroleum & Chemical Corporation Weaknesses 110

12.4.4 China Petroleum & Chemical Corporation Opportunities 111

12.4.5 China Petroleum & Chemical Corporation Threats 112

13 Financial Deals Landscape 114

13.1 Detailed Deal Summary 114

13.1.1 Acquisition 114

13.1.2 Equity Offerings 121

13.1.3 Debt Offerings 124

13.1.4 Partnerships 127

13.1.5 Asset Transactions 131

14 Recent Developments 134

14.1 License Rounds 134

14.1.1 Apr 26, 2011: Six Domestic Firms Qualify For China's First Shale Gas Auction 134

14.2 License Awards 134

14.2.1 Apr 01, 2011: Dart Energy Announces Approval Of Dajing PSC In China 134

14.3 Strategy and Business Expansion 134

14.3.1 Apr 04, 2011: Merletti Partners Forms Strategic Alliance With Rose Rock For Petrochemical Import Terminal In Tianjin, China 134

14.3.2 Mar 16, 2011: Gazprom, CNPC Discuss Gas Delivery To China 135

14.4 Other Significant Developments 135

14.4.1 Jun 03, 2011: PetroChina To Halt Operations At Jinzhou Refinery For Maintenance 135

14.4.2 Jun 02, 2011: Sino Gas Updates On TB09 Well In China 135

14.4.3 May 27, 2011: Taian-Qingdao Trunk Of Shandong Natural Gas Pipeline Network Becomes Operational: CNPC 136

14.4.4 May 21, 2011: KPC And Sinopec To Build Refinery And Petrochemical Complex In Q1 2012 136

14.4.5 May 19, 2011: Sino Gas Completes Equipment Mobilization For TB09 Flow Test Program 137

14.4.6 May 18, 2011: PetroChina Announces Board Changes 137

14.4.7 May 11, 2011: Sino Gas Commences 2011 Well Testing Program 138

14.4.8 May 10, 2011: Sinopec Northwest Provides LPG Supply Details In Xinjiang, China 139

15 Appendix 140

15.1 Abbreviations 140

15.2 Methodology 140

15.2.1 Coverage 140

15.2.2 Secondary Research 141

15.2.3 Primary Research 141

15.2.4 Expert Panel Validation 141

15.3 Contact Us 142

15.4 Disclaimer 142

List of Tables

Table 1: China, Historical and Forecast Production and Consumption of Crude Oil, Thousand Barrels Per Day, 2000-2020 14

Table 2: China, Historical and Forecast Imports and Exports of Crude Oil, Thousand Barrels Per Day, 2000-2020 17

Table 3: China, Historical Reserves of Crude Oil, Million Barrels, 2000-2010 19

Table 4: South Asia, Investment Benchmarking, Overall Country Rankings, May 2011 22

Table 5: South Asia, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 23

Table 6: South Asia, Investment Benchmarking, Oil Sector Performance, May 2011 25

Table 7: South Asia, Investment Benchmarking, Economic Performance, May 2011 29

Table 8: South Asia, Country Standings, Economic Performance, May 2011 30

Table 9: South Asia, Investment Benchmarking, Socio-Political Performance, May 2011 32

Table 10: South Asia, Country Standings, Socio-Political Performance, May 2011 32

Table 11: China, Crude Oil Key Statistics, 2010 34

Table 12: China, Total Gross Crude Oil Production (MMBBLs), 2003-2010 35

Table 13: China, Total Gross Crude Oil Production (MMBBLs) by Type, 2003- 2010 36

Table 14: China, Gross Crude Oil Production (MMBBLs), by Assets, 2003-2010 37

Table 15: China, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2003- 2010 38

Table 16: China, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2010 39

Table 17: China, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2011- 2015 41

Table 18: China, Active Oil Field Asset Details 42

Table 19: China, Planned Oil Field Asset Details 45

Table 20: China, Number of Oil Discoveries, 2005- 2010 46

Table 21: China, Oil Discovery Details, 2005-2010 47

Table 22: China FPSO Industry, FPSO Oil Production Capacities, May 2011 51

Table 23: China FPSO Industry, FPSO Vessel Specifications, May 2011 52

Table 24: China FSO Industry, FSO Oil Production Capacities, May 2011 53

Table 25: China FSO Industry, FSO Vessel Specifications, May 2011 53

Table 26: China, Pipeline key Statistics, May 2011 54

Table 27: China, Crude Oil Pipeline Length by Company (Km), May 2011 54

Table 28: China, Petroleum Products Pipeline Length by Company (Km), May 2011 55

Table 29: China, Crude Oil Pipelines, May 2011 57

Table 30: China, Crude Oil Pipelines, May 2011 (Contd.1) 58

Table 31: China, Crude Oil Pipelines, May 2011 (Contd.2) 59

Table 32: China, Petroleum Products Pipelines, May 2011 59

Table 33: China, Petroleum Products Pipelines, May 2011 (Contd.1) 60

Table 34: China, Refinery Key Statistics, May 2011 61

Table 35: China, Total Refining Capacity (MMTPA), 2000- 2015 61

Table 36: China, Refining Capacity by Company (MMTPA), 2000-2015 62

Table 37: China, Crude Distillation Unit Capacity (MMTPA), 2000-2015 64

Table 38: China, Crude Distillation Unit Capacity (MMTPA), 2000-2015 (Contd.1) 65

Table 39: China, Crude Distillation Unit Capacity (MMTPA), 2000-2015 (Contd.2) 66

Table 40: China, Crude Distillation Unit Capacity (MMTPA), 2000-2015 (Contd.3) 67

Table 41: China, Coking Unit Capacity (MMTPA), 2000-2015 68

Table 42: China, Coking Unit Capacity (MMTPA), 2000-2015 (Contd.1) 69

Table 43: China, Coking Unit Capacity (MMTPA), 2000-2015 (Contd.2) 70

Table 44: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 70

Table 45: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 (Contd.1) 71

Table 46: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 (Contd.1) 72

Table 47: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 (Contd.2) 73

Table 48: China, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2015 (Contd.3) 74

Table 49: China, Hydrocracking Unit Capacity (MMTPA), 2000-2015 74

Table 50: China, Hydrocracking Unit Capacity (MMTPA), 2000-2015 (Contd.1) 75

Table 51: China, Hydrocracking Unit Capacity (MMTPA), 2000-2015, (Contd.2) 76

Table 52: China, Oil and Chemicals Storage Key Statistics, May 2011 77

Table 53: China, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 77

Table 54: China, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 78

Table 55: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 80

Table 56: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.1) 81

Table 57: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.2) 82

Table 58: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.3) 83

Table 59: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Contd.4) 84

Table 60: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.5) 85

Table 61: China, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2015 (Contd.6) 86

Table 62: CNOOC Limited, Key Facts 87

Table 63: CNOOC Limited, SWOT Analysis 90

Table 64: PetroChina Company Limited, Key Facts 94

Table 65: PetroChina Company Limited, SWOT Analysis 99

Table 66: China Petroleum & Chemical Corporation, Key Facts 104

Table 67: China Petroleum & Chemical Corporation, SWOT Analysis 109

Table 68: Horizon Oil To Acquire Petsec Petroleum 114

Table 69: Fortune Oil To Acquire 51% Stake In Liaoning Jingrun Natural Gas 115

Table 70: PetroChina To Sell PetroChina Guangxi Oil Storage To China National Petroleum 116

Table 71: Dart Energy To Acquire Additional 10% Stake In FLG 117

Table 72: Kunlun Energy Acquires 60% Stake In PetroChina Beijing Gas 118

Table 73: PetroChina To Acquire 4.356% Interest In PetroChina Fuel Oil From China National United 119

Table 74: ThinSoft Acquires Foshan Ruifeng Petroleum 120

Table 75: Sino Oil and Gas Completes Private Placement Of $25.3 Million 121

Table 76: MIE Holdings Plans IPO For $184 Million 122

Table 77: China Tian Lun Gas Holdings Plans For IPO 123

Table 78: Sinopec Announces Offering Of 2.5% Convertible Bonds Due 2016 For $3.3 Billion 124

Table 79: China National Petroleum Announces Offering Of Ten-Year Bonds For $1.5 Billion 125

Table 80: China National Petroleum Announces Offering Of 15-Year Bonds For $1.5 Billion 126

Table 81: China National Petroleum And Qatar Petroleum Plans To Form Joint Venture 127

Table 82: Kunlun Energy Enters Into Joint Venture With Tianjin Gas 128

Table 83: China Resources Gas Enters Into Joint Venture Agreement With Tianjin Gas 129

Table 84: CNPC To Form Joint Venture With Total 130

Table 85: Green Dragon Gas Plans To Acquire Gas Distribution Business For $50 Million 131

Table 86: China Integrated Energy To Acquire Assets Of Hainan Lin Gao 132

Table 87: Chevron Acquires Exploration Blocks From Devon Energy 133

List of Figures

Figure 1: China, Energy Consumption Split by Fuel Type (%), 2010 12

Figure 2: China, Crude Oil Production And Consumption, Thousand Barrels Per Day, 2000-2020 15

Figure 3: China, Crude Oil Exports And Imports, Thousand Barrels Per Day, 2000-2020 18

Figure 4: China, Crude Oil Reserves, Million Barrels, 2000-2010 20

Figure 5: South Asia, Country Standings, Upstream Fiscal Attractiveness, May 2011 24

Figure 6: South Asia, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, May 2011 26

Figure 7: South Asia, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, May 2011 27

Figure 8: South Asia, Country Standings, Number Of Exploration Blocks Awarded, May 2011 28

Figure 9: South Asia, Country Standings, Economic Performance, May 2011 30

Figure 10: South Asia, Country Standings, Socio-Political Performance, May 2011 33

Figure 11: China, Crude Oil Assets Map, May 2011 34

Figure 12: China, Total Gross Crude Oil Production (MMBBLs), 2003-2010 35

Figure 13: China, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2010 36

Figure 14: China, Gross Equity Weighted Crude Oil Production (MMBBLs), by Key Companies, 2003-2010 39

Figure 15: China, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2010 40

Figure 16: China, Number of Oil Discoveries, 2005- 2010 46

Figure 17: China, Crude Oil Pipeline Length by Company (Km), May 2011 55

Figure 18: China, Petroleum Products Pipeline Length by Company (Km), May 2011 56

Figure 19: China, Total Refining Capacity (MMTPA), 2000- 2015 62

Figure 20: China, Refining Capacity by Company (MMTPA), 2010 63

Figure 21: China, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2015 78

Figure 22: China, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2015 79

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