Offshore Oil and Gas in China - Production, Drilling, Rig Activity and Expenditure

Synopsis
Key historical and forecast data for the offshore oil and gas industry in China for the following indicators: production, drilling, rig activity and operating and capital expenditure data.

Introduction
The report looks at the offshore oil and gas activities in China. The report details the main upstream indicators of activity from drilling activity, expenditure through to production. Our data goes back to 2000 for most categories and forward to 2030 for production. It gives analysts and investors a concise guide to this important industry.

Scope
• Identify the opportunities in the Chinese offshore oil and gas industry by analyzing drilling activity and production from 2010 onwards
• Develop investment strategies through a review of key suppliers of upstream supplies and services
• Identify M&A targets by analyzing offshore production data (value, volume and share) on a company-by-company basis
• Analyze and identify key rigs across China by comparing rigs across 26 parameters

Highlights
• Oil and gas production in China grew at a CAGR of 6.8% over the 2000-09 period. This is expected to grow at a CAGR of 2.4% over the 2010-30 period.
• Capital Expenditure (Capex) accounted for a 75.8% share of the total offshore expenditure in 2009 in China, while Operation Expenditure (Opex) accounted for the remaining 24.2% share.

Reasons to purchase
• Which countries will see the fastest growth in offshore oil and gas activity?
• Which companies are the most active in the offshore oil and gas sector?
• How much expenditure will be incurred both as operational and capital expenditure?
• How are oil and gas production trends evolving from 2000 to 2030?
• Where will drilling activity be greatest?
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TABLE OF CONTENTS
Introduction 2
Summary 2
Market definition 3
Chinese Offshore Oil and Gas Production Overview 16
Offshore production to 2030 16
Offshore cumulative production to 2030 20
Offshore remaining production to 2030 24
Chinese Offshore Production Wells 28
Total production wells (oil & gas) overview 28
Offshore production wells (oil & gas) 31
Chinese Offshore Drilling 33
Offshore drilling of wells to 2015 33
Offshore well drilling split by exploratory and development to 2015 35
Offshore exploratory well drilling to 2015 37
Offshore exploratory well drilling in China, split by exploration and appraisal to 2015 39
Offshore development well drilling to 2015 41
Offshore development well drilling in China, split by surface and sub-sea development to 2015 43
Chinese Offshore Expenditure 45
Capex and Opex to 2015 45
Chinese Offshore Rig Activity 49
Bohai IX, Bohai V, Bohai VII, Bohai VIII and Bohai X 49
Bohai XI, Bohai XII, Kan Tan II, Kan Tan III and COSL 931 50
Songa Mercur, Liao He II, Nanhai I, Nanhai II and Nanhai IV 51
Nanhai V, Sheng Li 7, Sheng Li 9, Shengli III and COSL 935 52
COSL 941, COSL 942, West Hercules, COSLPioneer and West Aquarius 53
COSLInnovator, Pantanal, Amazonia, COSLPromoter, Hai Yang Shi You 981 and COSLConfidence 54
Red Flag Semisub TBN 1, COSL 937, COSL 936, Sevan Driller II and Sevan Driller III 56
Noble Globetrotter I, CPOE 9, COSL 922, COSL 923, COSL 924 and COSL 921 57
CPOE 8, CPOE 10, Yantai Raffles TBN 1 and Yantai Raffles TBN 2 58
Yantai Raffles TBN 3, Island Innovator, Noble Globetrotter II and BassDrill Beta 59
Chinese Equity Stakes 60
Companies ranked by estimated oil production offshore in 2010 60
Companies ranked by estimated natural gas production offshore in 2010 63
Companies ranked by estimated oil & natural gas production offshore in 2010 65
Top 10 companies ranked by estimated oil production offshore in 2010 68
Top companies ranked by estimated natural gas production offshore in 2010 70
Top 10 companies ranked by estimated oil & natural gas production offshore in 2010 72
Top 5 companies ranked by estimated oil production offshore in 2010 74
Top 5 companies ranked by estimated oil & natural gas production offshore in 2010 76
Companies and estimated oil production per year 78
Companies and estimated natural gas production per year 80
Appendix 82
Research methodology 82
Global oil & gas analyzer overview 82
Overview of reserves 82
Overview of drilling activity 82
How producing wells are forecast 83
Overview of production data 84
Overview of production decline rates 84
Overview of offshore Capex & Opex data 85
Overview of drilling expenditure 86
Overview of operating expenditure 89
Overview of consumption data 89
Sources of data 89
Data verification 90
Final data review and publication 90
How to contact experts in your industry 91
Further reading 91
Disclaimer 91

LIST OF FIGURES
Figure 1: China, offshore oil and gas production (000s boe/day), 2000–09 16
Figure 2: China, offshore oil and gas production (000s boe/day), 2009–30f 18
Figure 3: China, oil and gas market, offshore cumulative production (mm boe), 2000–09 20
Figure 4: China, oil and gas market, offshore cumulative production (mm boe), 2009–30f 22
Figure 5: China, oil and gas market, offshore remaining production (mm boe), 2000–09 24
Figure 6: China, oil and gas market, offshore remaining production (mm boe), 2009–30f 26
Figure 7: China, number of production wells (oil and gas), 2002–09 28
Figure 8: China, number of production wells (oil and gas), 2009–15f 30
Figure 9: China, number of offshore producing wells 2002–09 31
Figure 10: China, number of offshore producing wells 2009–15f 32
Figure 11: China, number of offshore wells drilled, 2000–15f 33
Figure 12: China, number of offshore wells drilled, split by exploratory and development, 2000–15f 35
Figure 13: China, number of offshore exploratory wells drilled, 2000–15f 37
Figure 14: China, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 39
Figure 15: China, number of offshore development wells drilled, 2000–15f 41
Figure 16: China, number of offshore development wells drilled, split by surface and sub-sea development, 2000–15f 43
Figure 17: China, offshore expenditure, capex and opex ($m), 2000–09 45
Figure 18: China, offshore expenditure, capex and opex ($m), 2009–15f 47
Figure 19: China, offshore oil estimated production volume (mm bbl/year) by company, 2010 60
Figure 20: China, offshore natural gas estimated production volume (bcm/year) by company, 2010 63
Figure 21: China, offshore oil & natural gas estimated production volume (mm boe/year) by company, 2010 65
Figure 22: China, estimated market share of top 10 companies in offshore oil production, 2010 68
Figure 23: China, estimated market share of top companies in offshore natural gas production, 2010 70
Figure 24: China, estimated market share of top 10 companies in offshore oil & natural gas production, 2010 72
Figure 25: China, estimated market share of top 5 companies in offshore oil production, 2010 74
Figure 26: China, estimated market share of top 5 companies in offshore oil & natural gas production, 2010 76
Figure 27: China, offshore oil estimated production per year by company, 2010–30 78
Figure 28: China, offshore natural gas estimated production per year by company, 2010–30 80

LIST OF TABLES
Table 1: China, offshore oil and gas production (000s boe/day), 2000–09 17
Table 2: China, offshore oil and gas production (000s boe/day), 2009–30f 19
Table 3: China, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2000–09 21
Table 4: China, oil and gas market, offshore cumulative production by oil (mm bbls) and gas (bcm), 2009–30f 23
Table 5: China, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2000–09 25
Table 6: China, oil and gas market, offshore remaining production by oil (mm bbls) and gas (bcm), 2009–30f 27
Table 7: China, number of production wells (oil and gas), 2002–09 29
Table 8: China, number of production wells (oil and gas), 2009–15f 30
Table 9: China, number of offshore producing wells 2002–09 31
Table 10: China, number of offshore producing wells 2009–15f 32
Table 11: China, number of offshore wells drilled, 2000–15f 34
Table 12: China, number of offshore wells drilled, split by exploratory and development, 2000–15f 36
Table 13: China, number of offshore exploratory wells drilled, 2000–15f 38
Table 14: China, number of offshore exploratory wells drilled, split by exploration and appraisal, 2000–15f 40
Table 15: China, number of offshore development wells drilled, 2000–15f 42
Table 16: China, number of offshore development wells drilled, split by surface and sub-sea development, 2000–15f 44
Table 17: China, offshore expenditure, capex and opex ($m), 2000–09 46
Table 18: China, offshore expenditure, capex and opex ($m), 2009–15f 48
Table 19: China, offshore rig activity, Bohai IX, Bohai V, Bohai VII, Bohai VIII and Bohai X 49
Table 20: China, offshore rig activity, Bohai XI, Bohai XII, Kan Tan II, Kan Tan III and COSL 931 50
Table 21: China, offshore rig activity, Songa Mercur, Liao He II, Nanhai I, Nanhai II and Nanhai IV 51
Table 22: China, offshore rig activity, Nanhai V, Sheng Li 7, Sheng Li 9, Shengli III and COSL 935 52
Table 23: China, offshore rig activity, COSL 941, COSL 942, West Hercules, COSLPioneer and West Aquarius 53
Table 24: China, offshore rig activity, COSLInnovator, Pantanal, Amazonia, COSLPromoter, Hai Yang Shi You 981 and COSLConfidence 54
Table 25: China, offshore rig activity, Red Flag Semisub TBN 1, COSL 937, COSL 936, Sevan Driller II and Sevan Driller III 56
Table 26: China, offshore rig activity, Noble Globetrotter I, CPOE 9, COSL 922, COSL 923, COSL 924 and COSL 921 57
Table 27: China, offshore rig activity, CPOE 8, CPOE 10, Yantai Raffles TBN 1 and Yantai Raffles TBN 2 58
Table 28: China, offshore rig activity, Yantai Raffles TBN 3, Island Innovator, Noble Globetrotter II and BassDrill Beta 59
Table 29: China, offshore oil estimated production by company (companies only, excludes not identified, NGLs and wasted), 2010 61
Table 30: China, offshore oil estimated production volume by company (includes not identified, excludes NGLs and wasted), 2010 62
Table 31: China, offshore natural gas estimated production by company (companies only, excludes not identified and wasted), 2010 64
Table 32: China, offshore natural gas estimated production volume by company (includes not identified, excludes wasted), 2010 64
Table 33: China, offshore oil & natural gas estimated production (companies only, excludes not identified, NGLs and wasted) by company, 2010 66
Table 34: China, offshore oil & natural gas estimated production (includes not identified, excludes NGLs and wasted) by company, 2010 67
Table 35: China, top 10 offshore oil estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 69
Table 36: China, top offshore natural gas estimated production companies (companies only, excludes not identified and wasted) by company, 2010 71
Table 37: China, top 10 offshore oil & natural gas estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 73
Table 38: China, top 5 offshore oil estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 75
Table 39: China, top 5 offshore oil & natural gas estimated production companies (companies only, excludes not identified, NGLs and wasted) by company, 2010 77
Table 40: China, offshore oil estimated production volumes (mm bbl/year) by company 2010–30 79
Table 41: China, offshore natural gas estimated production volumes (bcm/year) by company 2010–30 81


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