Country report
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68 Pages

China upstream summary


China upstream summary

Report summary

China's upstream industry is the largest in Asia-Pacific, producing in excess of 3.5 million b/d of liquids and 1 bcf/d of sales gas. It also holds significant potential for further exploration and development. Large areas in the onshore western provinces and deepwater remain under-explored. The oil sector is mature but the gas industry is growing. With the central government increasingly concerned about China's reliance on expensive energy imports to maintain its economic growth, ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 3.51 MB 68 Pages, 48 Tables, 22 Figures
  • Country Overview XLS - 1.82 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Key Issues:
      • Shale gas progress:
      • Exploration breakthroughs and licensing rounds:
      • Impact of sustained low oil prices:
      • Policies and regulations:
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Offshore
      • Onshore
  • Exploration
    • Licensing
    • Recent licensing
    • Historic licensing
    • Drilling
      • Drilling activity
      • Future drilling plans
  • Reserves and resources
    • Liquids
    • Gas
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Northwest China
      • North and Northeast China
    • Gas infrastructure
      • West East gas infrastructure
      • North/Central China
      • Southwest China
      • Offshore China
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
      • State Council
      • National Development Reform Commission (NDRC)
      • Ministry of Land and Resources (MLR)
      • Ministry of Commerce (MOFCOM)
      • Others
    • State oil company
      • China National Petroleum Corporation (CNPC)
      • China Petrochemical Corporation (Sinopec Group)
      • China National Offshore Oil Corporation (CNOOC)
    • State participation
    • Licensing
    • Joint Study Agreements
  • Fiscal terms
    • Overview
      • Upstream
      • Midstream
    • Current fiscal terms
    • Production Sharing Contracts
      • State Equity Participation
      • Bonuses, Rentals and Fees
      • Resource Tax & Royalty Surcharge
      • Royalty
      • Value Added Tax (VAT)
      • Export Oil Levy
      • Domestic Market Obligation
      • Product Pricing
      • Cost Recovery
      • Profit Sharing
      • Corporate Income Tax
      • Special Oil Levy (Windfall Profit Tax)
      • Abandonment cost
      • Dividend Withholding Tax
      • Fiscal/Contractual Ring Fences
      • Sample Cash Flows
      • Marginal Government Take
    • Concession (State Company Operations)
      • CNOOC Ltd
      • PetroChina/Sinopec

In this report there are 70 tables or charts, including:

  • Executive summary
    • Remaining and Produced Liquids and Gas Reserves
    • Liquids Production by Sector
    • Gas Production by Region
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2015
  • Geology
    • Map of Basins
    • China Map of Regions
  • Exploration
    • Exploration: Table 1
  • Reserves and resources
    • Remaining and Produced Liquids and Gas Reserves
    • Commercial Liquid Reserves by Sector
    • Commercial Liquid Reserves by Basin
    • Commercial Gas Reserves by Sector
    • Commercial Gas Reserves by Basin
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
  • Production
    • Liquids Production by Sector
    • Production: Table 1
    • Production: Table 2
    • Liquid Production by Basin
    • Production: Table 3
    • Production: Table 4
    • Liquids Production by Development Status
    • Production: Table 5
    • Production: Table 6
    • Production: Table 7
    • Production: Table 8
    • Gas Production by Region
    • Production: Table 9
    • Production: Table 10
    • Gas Production by Basin
    • Production: Table 11
    • Production: Table 12
    • Gas Production by Development Status
    • Production: Table 13
    • Production: Table 14
    • Production: Table 15
    • Production: Table 16
  • Infrastructure
    • Oil Pipeline Systems in China
    • Infrastructure: Table 1
    • Gas Pipeline Systems in China
    • Infrastructure: Table 2
  • Costs
    • Capital Expenditure by Region (US$ Million)
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Policy and regulation: Table 1
    • Policy and regulation: Table 2
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
    • Fiscal terms: Table 20
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