Insight

What future for the IOCs in China?

From

$1,350.00

Get this report

From

$1,350.00

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

FAQs

Contact us

Report summary

The large IOCs have traditionally been offered the most technically demanding upstream projects in China from offshore to tight sour and deepwater gas and then to shale. But the Chinese NOCs have enjoyed significant recent success in their own operated endeavours in both deepwater and shale which raises a crucial question what is the future role of the IOCs? Although capital spend and production from IOC led projects is on the rise net output should rise by a third to just under 220 kboed by 2019 the future project pipeline is bare. We analyse the role of the large IOCs across China's different upstream sectors and the outlook for new large scale opportunities particularly from forthcoming energy policy reform and the emergence of new local partners.

What's included

This report contains

  • Document

    IOCs in China.xls

    XLS 611.50 KB

  • Document

    What future for the IOCs in China?

    PDF 661.85 KB

  • Document

    What future for the IOCs in China?

    ZIP 774.43 KB

Table of contents

Tables and charts

This report includes 6 images and tables including:

Images

  • Chart 1: Forecast of large-cap IOC net Chinese production (kboed)
  • Diagram 1: IOC-led tight and sour gas project details and timelines
  • Chart 3: IOC-led DW wildcats in China 2008-2015
  • Chart 4: CNOOC 100% DW wildcats in China 2008-2015
  • Diagram 2: Timeline of IOC shale JSAs awarded / relinquished (2007-2015)
  • Chart 2: Forecast of large IOC net Chinese capital expenditure (US$ million)

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898