Industry Report - Oil and Gas Drilling Support Services in China.pdf
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1、CONTENTS Error! No text of specified style in document. November 2011 | 1-800-330-3772 | IBISWorld Industry Report 0790 Oil in 2010, only about 4.7% of enterprises in this industry were subject to foreign ownership. This includes wholly owned foreign enterprises or joint ventures, including invest
2、ment from Hong Kong, Macau and Taiwan. Revenue generated by these companies accounted for 2.7% of industry revenue in 2010. Although the Chinese government has set few limitations over the entry of foreign investment into the industry, the level of foreign investment in the industry is low. This is
3、due to the natural link between domestic oil and gas mining companies and domestic service companies. The rapid development of domestic service companies has also prevented any substantial increase in foreign investment over the past five years. Export and import levels are both very low in this ind
4、ustry. Domestic mining companies may outsource projects that require high technologies to foreign service companies while domestic mining support service companies are developing foreign markets with their price advantages and improving technology levels. ACMR-IBISWorld expects that domestic enterpr
5、ises will continue to dominate the industry over the next five years. Enterprise ownership shares - 2010 Ownership type Industry revenue Percentage Industry enterprises Percentage State-owned 80.0 13.6 Collectively- owned 0.6 4.7 JECE* 0.4 2.6 Shareholding 1.7 3.7 Private 1.8 36.1 Foreign 2.7 4.7 Ot
6、her 12.8 34.6 SOURCE: NATIONAL BUREAU OF STATISTICS CHINA NOTE: *STANDS FOR JOINT-EQUITY COOPERATIVE ENTERPRISE WWW.IBISWORLD.COM.CN Oil & Gas Drilling Support Services in China November 2011 22 Major Companies Major Player Market Share China National Petroleum Corporation 59.0% (2011) China Petroch
7、emical Corporation 21.0% (2011) China National Offshore Oil Corporation 12.5% (2011) Other 7.5% (2011) China National Petroleum Corporation Market Share: 59.0% China National Petroleum Corporation (CNPC), which was known as China National Petroleum Company until 1998, is the largest oil company in C
8、hina. CNPC owns most of the oil fields, refineries and filling stations in the northern area of China, while Sinopec owns those in Chinas southern areas. CNPC has four wholly-owned subsidiaries, 12 controlled subsidiaries, 11 refining enterprises and 38 other relevant enterprises. PetroChina Co., Lt
9、d. is the largest subsidiary of CNPC and controls over 70% of the crude oil reserve in China. It was listed on the Hong Kong and New York stock markets in 2001. Over 20 subsidiaries of CNPC are engaged in mining support services, which include China Petroleum Logging Co., Ltd. and Bureau of Geophysi
10、cal Prospecting. They provide services such as earthquake prospecting, drilling, well testing, well logging, oil testing, supplies and transportation. CNPC is one of the largest providers of oil and gas mining services in the world. It has over 170 earthquake prospecting teams, over 200 seismoscopes
11、, over 710 well testing teams and 1,750 teams for underground well operations. In 2010, more investment was put to secure sustainable provision of oil and gas products. Therefore, cost of support activities for oil and gas mining increased by 18.4% from 2009, totaling $3.39 billion. In 2009, CNPC in
12、creased research, development and technology innovation with a greater application of horizontal wells and greater drilling numbers. CNPC implemented 505 horizontal wells and 240 wells with underbalanced drillings for the year, which contributed to the good performance of CNPC in 2009 and 2010. In 2
13、008, CNPC used 868 drilling rigs to drill 14,125 oil wells in the domestic market and completed a total drilling depth of 28,284 kilometers. At the same time, with 186 drilling rigs, CNPC drilled 1,036 oil wells and realized 226,400 kilometers in international markets, mainly in Sultan, Kazakhstan,
14、Venezuela, Oman and Indonesia. Its well-testing teams developed service markets in Niger, Turkmenistan, Uzbekistan and Chad, with well-testing efficiency increasing greatly compared with 2007. In 2007, the mining support service businesses of CNPC experienced significant growth in terms of work volu
15、me and technology improvement. It used 870 drilling rigs to drill 12,952 oil wells in the domestic market during the year, realizing a total drilling depth of 23,180 kilometers. The number of oil wells drilled with horizontal drilling and underbalanced drilling technologies totaled 806 and 155, up 5
16、4.4% and 93.7% WWW.IBISWORLD.COM.CN Oil & Gas Drilling Support Services in China November 2011 23 respectively from 2006. Its horizontal drilling technology made major progress, with the oil reservoir encountering rate increasing to 84.6%. In recent years, CNPC has entered foreign markets with its b
17、usiness expanding into Africa, the Middle East and South America. In 2007, CNPC realized new contracts valued at $4.3 billion for its overseas engineering and technology service businesses. It completed contracts valued at $3.7 billion in 2007, up 40.7% from 2006. During the year, 487 engineering an
18、d service teams served oil companies in 44 countries and regions. The number of drilled wells and total drilling depth from overseas markets totaled 1,310 units and 2,490 kilometers respectively, accounting for about 10.0% of the domestic market. In 2007, 58 well-testing teams were operating in 22 f
19、oreign countries including Sudan, Kazakhstan, Iran and Indonesia. A total of 2,792 well testings were completed in foreign markets, compared with 72,979 in the domestic market. China Petrochemical Corporation Market Share: 21.0% Headquartered in Beijing, China Petrochemical Corporation (Sinopec) is
20、the second-largest oil company in China. Before 1998 it was known as the China Petrochemical Company. Sinopec owns most of the oil fields, refineries and filling stations in the southern part of China. It was listed on stock markets in Hong Kong, New York, London and Shanghai in 2001. Over 10 subsid
21、iaries of Sinopec are engaged in mining support services, including the Bureau of Northeast Oil Management and Bureau of North Oil Management. In 2010, Sinopec increased investment in exploration of oil fields. 621 oil wells were drilled during the year, with total depth of 1,774 kilometers. Output
22、of crude oil increased by 17.6% from 2009, to 328.0 million. Additionally, due to increased investment in areas of north-east and west of Sichuan Province, Erdos, cost for oil exploration increased by 3.9% from 2009, to $1.48 billion. In 2009, Sinopec drilled 3,667 wells, including 588 exploration w
23、ells and 3,079 development wells. In addition, 3,636 wells were completed. In 2008, Sinopec drilled 642 new wells using horizontal drilling technology. In 2007, the number of drilled wells using horizontal drilling technology increased substantially to 322, doubling the 2006 rate. This was due to th
24、e application and improvement of horizontal drilling technology. In recent years, Sinopec has developed foreign markets for oil and gas mining engineering and services. It now serves foreign regions such as Africa, the Middle East, North America and South America. In 2007, Sinopec realized new contr
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