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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.
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What future for the IOCs in China? PDF - 661.85 KB 7 Pages, 0 Tables, 6 Figures
IOCs in China.xls XLS - 611.50 KB
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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.
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Insight | Nov 2015
What future for the IOCs in China?
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