Insight
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8 Pages

Meeting China's thirst for Kazakh oil


Meeting China's thirst for Kazakh oil

Report summary

Kazakhstan and China are set to expand the export capacity of the Kazakhstan-China oil pipeline from 250,000 b/d to over 400,000 b/d by 2015. However, China's NOCs' liquids output in Kazakhstan will start to decline from 2013. Working interest production will plateau around 290,000 b/d this year (16% of the national total) and then fall. Action is needed soon if Chinese NOCs want to maintain their level of equity exports and fill the pipeline.

What's included?

This report includes 2 file(s)

  • Meeting China's thirst for Kazakh oil PDF - 624.17 KB 8 Pages, 2 Tables, 5 Figures
  • Meeting Chinas thirst for Kazakh oil March 2013.xlsx XLSX - 63.28 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

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.

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  • Executive Summary
  • A mature asset base
    • CNPC
    • Sinopec Group
    • Other Chinese interests
  • Equity production nearing its peak
    • Reliance on a single asset
    • Licence expiry is looming
  • Absent from mega-projects
  • Who will fill the Kazakhstan-China pipeline?
    • Kashagan exports
    • Russian crude transit
  • Where next…?
  • Appendix

In this report there are 7 tables or charts, including:

  • Executive Summary
  • A mature asset base
    • Chinese NOCs Kazakhstan upstream assets
  • Equity production nearing its peak
    • Chinese NOC Kazakhstan working interest liquids production (2005-2020)
    • Key licence expiries and remaining reserves, post-contract
    • Chinese NOC Kazakhstan working interest liquids production by field (2005-2020)
  • Absent from mega-projects
    • Kazakhstan liquids production growth 2012-2025
  • Who will fill the Kazakhstan-China pipeline?
    • Kazakhstan-China oil pipeline throughput profile
  • Where next…?
  • Appendix
    • Chinese NOC Kazakhstan asset overview
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