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Pål Kastmann, Snr. market Adviser, IN China Per Christer Lund, Special Advisor, IN Japan
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China’s Petroleum SectorAsia Days 10-11 June, Trondheim & OsloKnut R. Sørlie, Regional Director China
Content1. The Big Picture (statistics)2. Resources & Potential3. Authorities & Companies4. Trends and future prospects
Source: BP’s Statistical Review of World Energy data
1. The Big Picture
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
• Oil, 2011
INTSOK, CIA Factbook (2009 – 2011)
• Natural Gas, 2011
China no. 11China no. 7China no. 4
China no. 2China no. 5China no. 2
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
China’s natural gas production vs. consumption, 2000 – 2013
Source: www.worldoil.com, US Energy Information Administration (EIA)
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: IEA
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Sources: IEA / PetroChina
LNG Terminal
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
2. Resources & Potential
Tarim
Basin
Qaidam Basin
Sichuan
Dadang
South China
Sea
Ordos
Shengli
Zhongyuan
Jiangsu
Liaohe
Yellow
Sea
Sources: CERA / INTSOK / EEE Reporter/Wikipedia
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: CNOOOC, BBC, RT News
Just one problem…
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: www.offshore.technology.com, CNOOOC
… that can be avoided
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Statoil (75 %) / CNOOC (25 %), 1997-2009
Haiyang Shiyou (“Marine Oil”) 981 – with Norwegian technology
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: www.chinesedefence.com / CNOOOC
Norwegian companies in China with relevance to oils & gas
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
The Party (CPC)
State Council (Government, 35 persons)
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
3. Authorities & Companies
State-owned Assets Supervision and Administration Commission (SASAC)(administrative ownership of all SOEs)
China National Petroleum Corporation (CNPC)
China Petroleum and Chemical Corporation (Sinopec)
China National Offshore Oil Corporation (CNOOC)
Ministry of Land and Resources(supervise examination, assign licenses etc.)
National Development and Reform Commission (“The Super Ministry”)(coordinates implementation of all policies from the State Council)
National Energy Agency (NEA)
PetroChina China National Oil and Gas Exploration and
Development Corporation (CNODC)
Sinopec Corp. CNOOC Ltd.
CNOOC Offshore Oil Engineering Ltd.
China BlueChemicals Co., Ltd
China Oilfield Services Ltd.
Sinochem
Zhenhua OilYanchang
CITIC resources
The 3 major NOCsThe 4 minor NOCs
Source: INTSOK, Wikipedia, The Party
Sources: CERA / INTSOK / EEE Reporter/Wikipedia
CNOOC
Sinopec
CNPC/PetroChina
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: www.eeo.com
Chinese NOCs abroad (2009)
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: Firmex, mining.com
Chinese Outbound Direct Investments (ODI) 2005 – 2012
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: Firmex, mining.com
Chinese Outbound Direct Investments (ODI) 2005 – 2012
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Source: Firmex, mining.com
Chinese Outbound Direct Investments (ODI) 2005 – 2012
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
1. China’s petroleum appetite continues to grow
2. China wants to narrow the demand/production gap
3. Acquires technology from foreign companiesa. NOCs invites foreign companies on shale gas and –oil and deep water offshore
4. … and protect its own industry from competition domesticallya. Chinese NOCs run shallow water offshore and traditional onshore alone
5. Shale gas, CCS / CCUS revolution
Source: Worldoil.com
Source: www.cnpc.com.cn / World Energy Outlook 2012
4. Trends and future prospects
CBM = Coalbed Methane Basin
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
4. Trends and future prospects
1. China’s petroleum appetite continues to grow
2. China wants to narrow the demand/production gap
3. Acquires technology from foreign companiesa. NOCs invites foreign companies on shale gas and –oil and deep water offshore
4. … and protect its own industry from competition domesticallya. Chinese NOCs run shallow water offshore and traditional onshore alone
5. Shale gas, CCS / CCUS revolution
6. New shipping routes (LNG)?
Source: www.theregister.co.uk
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
4. Trends and future prospects
1. China’s petroleum appetite continues to grow
2. China wants to narrow the demand/production gap
3. Acquires technology from foreign companiesa. NOCs invites foreign companies on shale gas and –oil and deep water offshore
4. … and protect its own industry from competition domesticallya. Chinese NOCs run shallow water offshore and traditional onshore alone
5. Shale gas, CCS / CCUS revolution
6. New shipping routes (LNG)?
7. China’s NOCs continue to “go abroad”a. Acquire technology from the Westb. … and utilize it domestically and in Africa
Source: Worldoil.com
Source: www.freeworldmaps.net
Technology
Technology
Acquired technology
1. The Big Picture 2. Resources & Potential 3. Authorities & Companies 4. Trends and future prospects
Thank you for your attention
China – contacts – oil& gas
