The North China basin is a prolific hydrocarbon province covering more than 435 000 km2 of which over 85% is onshore. Foreign investment is limited to the offshore (Bohai Gulf) sector of the basin where explorers have created exceptional value through the discovery of shallow water oil volumes. While a number of large and giant discoveries account for a significant proportion of offshore value creation operators have also leveraged spare infrastructure to fast track the development of smaller finds delivering exceptional rates of return. This exploration basin report provides a detailed analysis of recent exploration and future expectations including discovery and development costs location maps and information about licensing and fiscal terms. We also evaluate the yet to find volume and value potential. The report is accompanied by multiple excel downloads which detail costs volumes and value.