Table of Contents
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2
List of Figures 12
2 Company Snapshot 13
2.1 Key Information 13
2.2 Company Overview 13
2.3 Financial Performance 13
2.4 Industry
Outlook -- Production & Exploration 13
2.5 Industry Outlook -- Pipelines
14
2.6 Industry Outlook -- Refining 14
3 China National Petroleum
Corporation , Crude Oil Forecasts, 2000-2012 16
3.1 China National
Petroleum Corporation , Crude Oil Forecasts, By Fields 16
3.2 China
National Petroleum Corporation , Gross Revenue Forecasts, By Fields 17
3.3 China National Petroleum Corporation , Total Government Take Forecasts,
By Fields 18
3.4 China National Petroleum Corporation , Contractor Take
Forecasts, By Fields 19
4 China National Petroleum Corporation ,
Exploration and Production Summary 20
4.1 China National Petroleum
Corporation , Active Exploration Blocks, by Country, 2000-2007 20
4.2
China National Petroleum Corporation, Crude Oil Production, by Country 22
4.3 China National Petroleum Corporation, Natural Gas Production, by Country
24
5 China National Petroleum Corporation, Crude Oil and Natural Gas
Production By Fields 25
5.1 China National Petroleum Corporation, Crude
Oil Production 25
5.1.1 China National Petroleum Corporation, Crude Oil
Production in China, By Fields 25
5.1.2 China National Petroleum
Corporation, Crude Oil Production in Ecuador, By Fields 25
5.1.3 China
National Petroleum Corporation, Crude Oil Production in Indonesia, By Fields
26
5.1.4 China National Petroleum Corporation, Crude Oil Production in
Iraq, By Fields 26
5.1.5 China National Petroleum Corporation, Crude Oil
Production in Kazakhstan, By Fields 26
5.1.6 China National Petroleum
Corporation, Crude Oil Production in Oman, By Fields 27
5.1.7 China
National Petroleum Corporation, Crude Oil Production in Peru, By Fields 27
5.1.8 China National Petroleum Corporation, Crude Oil Production in Sudan, By
Fields 27
5.1.9 China National Petroleum Corporation, Crude Oil Production
in Syrian Arab Republic, By Fields 27
5.1.10 China National Petroleum
Corporation, Crude Oil Production in Thailand, By Fields 28
5.1.11 China
National Petroleum Corporation, Crude Oil Production in Tunisia, By Fields
28
5.1.12 China National Petroleum Corporation, Crude Oil Production in
Colombia, By Fields 28
5.2 China National Petroleum Corporation, Natural
Gas Production 29
5.2.1 China National Petroleum Corporation, Natural Gas
Production in China, By Fields 29
5.2.2 China National Petroleum
Corporation, Natural Gas Production in Indonesia, By Fields 29
5.2.3 China
National Petroleum Corporation, Natural Gas Production in Kazakhstan, By
Fields 30
5.2.4 China National Petroleum Corporation, Natural Gas
Production in Peru, By Fields 30
5.2.5 China National Petroleum
Corporation, Natural Gas Production in Syrian Arab Republic, By Fields 30
6 China National Petroleum Corporation' s Exploration Blocks And Field Details
31
6.1 China National Petroleum Corporation' s Exploration Details, 350
31
6.2 China National Petroleum Corporation' s Exploration Details, South
Sumatra+ ' B' 32
6.3 China National Petroleum Corporation' s Exploration
Details, Block 15 32
6.4 China National Petroleum Corporation' s
Exploration Details, Block 13 33
6.5 China National Petroleum
Corporation' s Exploration Details, PSC M-10 33
6.6 China National
Petroleum Corporation' s Exploration Details, PSC M 34
6.7 China National
Petroleum Corporation' s Exploration Details, PSC A-4 34
6.8 China National
Petroleum Corporation' s Exploration Details, AD-8 35
6.9 China National
Petroleum Corporation' s Exploration Details, AD-6 35
6.10 China National
Petroleum Corporation' s Exploration Details, AD-1 36
6.11 China National
Petroleum Corporation' s Exploration Details, 113 36
6.12 China National
Petroleum Corporation' s Exploration Details, 112 37
6.13 China National
Petroleum Corporation' s Exploration Details, 111 37
6.14 China National
Petroleum Corporation' s Exploration Details, 11 38
6.15 China National
Petroleum Corporation' s Exploration Details, 102 38
6.16 China National
Petroleum Corporation' s Exploration Details, Bangko 39
6.17 China National
Petroleum Corporation' s Exploration Details, PSC C1 39
6.18 China National
Petroleum Corporation' s Exploration Details, PSC M-2 40
6.19 China
National Petroleum Corporation' s Exploration Details, 17-4 40
6.20 China
National Petroleum Corporation' s Exploration Details, KAIROUAN NORD 41
6.21 China National Petroleum Corporation' s Exploration Details, Permit H
41
6.22 China National Petroleum Corporation' s Field Details, Zhao Dong
Block (C and D Field) 42
6.23 China National Petroleum Corporation' s Field
Details, Chuandongbei 43
6.24 China National Petroleum Corporation' s Field
Details, Changqing 43
6.25 China National Petroleum Corporation' s Field
Details, CNPC Other Fields 44
6.26 China National Petroleum Corporation' s
Field Details, Dagang 44
6.27 China National Petroleum Corporation' s Field
Details, Daqing 45
6.28 China National Petroleum Corporation' s Field
Details, Huabei 45
6.29 China National Petroleum Corporation' s Field
Details, Jidong 46
6.30 China National Petroleum Corporation' s Field
Details, Jilin 46
6.31 China National Petroleum Corporation' s Field
Details, Liaohe 47
6.32 China National Petroleum Corporation' s Field
Details, Qinghai 47
6.33 China National Petroleum Corporation' s Field
Details, Sichuan 48
6.34 China National Petroleum Corporation' s Field
Details, Tarim 48
6.35 China National Petroleum Corporation' s Field
Details, Tuha 49
6.36 China National Petroleum Corporation' s Field
Details, Yanchang 49
6.37 China National Petroleum Corporation' s Field
Details, Yumen 50
6.38 China National Petroleum Corporation' s Field
Details, Rubi 50
6.39 China National Petroleum Corporation' s Field
Details, Cristal 51
6.40 China National Petroleum Corporation' s Field
Details, Mascarey 51
6.41 China National Petroleum Corporation' s Field
Details, Petrochina/Devon Energy 52
6.42 China National Petroleum
Corporation' s Field Details, Selat Panjang 52
6.43 China National
Petroleum Corporation' s Field Details, Jabung 53
6.44 China National
Petroleum Corporation' s Field Details, Tuban 53
6.45 China National
Petroleum Corporation' s Field Details, Al-Ahdab 54
6.46 China National
Petroleum Corporation' s Field Details, Darkhan 54
6.47 China National
Petroleum Corporation' s Field Details, Kumkol South 55
6.48 China National
Petroleum Corporation' s Field Details, Kumkol 55
6.49 China National
Petroleum Corporation' s Field Details, North Buzachi 56
6.50 China
National Petroleum Corporation' s Field Details, VI/VII 56
6.51 China
National Petroleum Corporation' s Field Details, VII / VI 57
6.52 China
National Petroleum Corporation' s Field Details, Block 5 57
6.53 China
National Petroleum Corporation' s Field Details, Heglig (1+ 2 & 4) 58
6.54
China National Petroleum Corporation' s Field Details, Block 3&7 59
6.55
China National Petroleum Corporation' s Field Details, Block 6 60
6.56
China National Petroleum Corporation' s Field Details, Al Furat Petroleum
Company Fields 61
6.57 China National Petroleum Corporation' s Field
Details, Nong Sa 62
6.58 China National Petroleum Corporation' s Field
Details, SLK 62
6.59 China National Petroleum Corporation' s Field Details,
Nare Association 63
6.60 China National Petroleum Corporation' s Field
Details, Palagua 63
6.61 China National Petroleum Corporation' s Field
Details, Velasquez 64
6.62 China National Petroleum Corporation' s Field
Details, Cocorna 64
6.63 China National Petroleum Corporation' s Field
Details, Cocorna (Teca) 65
6.64 China National Petroleum Corporation' s
Field Details, Nare 65
6.65 China National Petroleum Corporation' s Field
Details, Nare Bajo Rio 66
7 Business Description 67
7.1 Business
Overview 67
7.2 Major Products and Services 68
7.2.1 Overview 68
8
History 69
9 Competitors 71
10 Key Employees 72
11 Key Employee
Biographies 73
12 Company Statement 74
13 Locations And Subsidiaries
76
13.1 Head Office 76
14 Financial Deals Landscape 77
14.1
Rumored Deals 77
14.1.1 China National Petroleum Corp to form a joint
venture with South Ural Petroleum Co 77
14.1.2 China National Petroleum to
acquire Zhuhai City Commercial Bank 78
14.2 Acquisition 79
14.2.1
Petrochina Acquires 67% Stake In Petrokazakstan 79
14.2.2 PetroChina
Acquires 50% Interest In Newco From China National Petroleum 81
14.2.3
China National Petroleum Corporation Acquires HQCEC 82
14.2.4 China
National Petroleum To Acquire China National United Oil Corp From Petrochina
Co Ltd 84
14.3 Partnership 86
14.3.1 NHK Uzbekneftegaz And China
National Petroleum Corporation Form Joint Venture 86
14.3.2 China National
Petroleum Forms Joint Venture With Newfield Exploration 87
14.3.3 Chevron
Forms Joint Venture With China National Petroleum 88
14.3.4 CNPC Forms
Joint Venture With Rosneft 89
14.3.5 OJSC Rosneft Enters Into Joint
Venture With China National Petroleum 91
14.3.6 Mongolia Energy To Form
Joint Venture With CNPC Daqing Petroleum 92
14.3.7 China National
Petroleum To Form Joint Venture With Nippon Oil 93
15 Recent Developments
97
15.1 Strategy and Business Planning 97
15.1.1 Apr 15, 2008: Iraq
Says Four Chinese Companies Being Qualified For Oil Contracts 97
15.1.2
Apr 10, 2008: China To Construct Huge Oil Storage Facilities 97
15.1.3 Apr
04, 2008: CNPC To Construct Refinery In Syria 99
15.1.4 Apr 02, 2008:
Shell To Join Rosneft' s JV With CNPC 99
15.1.5 Mar 31, 2008: Petronas,
CNPC In Talks To Explore Myanmar Blocks 100
15.1.6 Mar 07, 2008: CPP Eyes
Overseas Contracts 101
15.1.7 Mar 05, 2008: CNPC To Start Construction Of
Five-Million t/y Refinery 101
15.1.8 Jan 21, 2008: CNPC To Enlarge
Refineries For Growth 101
15.1.9 Dec 18, 2007: Chevron, CNPC To Sign
Contract For SW China Gas Block 101
15.1.10 Nov 13, 2007: PDVSA, CNPC JV
To Develop Sumano Oil Field 102
15.2 Operations Updates 102
15.2.1 May
05, 2008: CNPC Begins Constructing Oil Tanks In Northern City Of Jinzhou
102
15.2.2 Apr 18, 2008: CNPC Begins Construction Of LNG Project In Dalian
102
15.2.3 Apr 02, 2008: CNPC Crude Oil Processing Increases 6% In Q1 2008
103
15.2.4 Mar 04, 2008: CNPC Starts Construction Of Yong-Tang-Qing Branch
Of Second West-East Gas Pipeline 103
15.2.5 Feb 25, 2008: CNPC Commences
Construction Of Second West-East Gas Pipeline 103
15.2.6 Jan 04, 2008:
CNPC Provides 2007 Production Update 104
15.3 Financial Announcements
104
15.3.1 Mar 27, 2008: CNPC Plans To Invest CNY12 Billion In Dushanzi
Refinery 104
15.3.2 Dec 27, 2007: Petrochina And Its Parent Company To
Invest CNY16 Billion In Overseas JV 104
15.4 Other Significant
Developments 105
15.4.1 Apr 08, 2008: CNPC To Export Over 30 Rigs To
Russia And Africa In 2008 105
15.4.2 Mar 28, 2008: Shell Signs Licensing
Contract With CNPC 105
15.4.3 Mar 04, 2008: Sinopec, CNPC To Guarantee Oil
Supplies To Small Firms 106
15.4.4 Jan 17, 2008: CNPC Increases Sales In
2007 106
16 Appendix 107
16.1 What is this Report About? 107
16.2
Methodology 107
16.2.1 Coverage 108
16.2.2 Secondary Research 109
16.2.3 Primary Research 109
16.2.4 E&P Forecasts 109
16.2.5 Midstream
Forecasts 112
16.2.6 Expert Panel Validation 112
16.3 Contact Us
113
16.4 About Global Markets Direct 113
16.5 Disclaimer 113
1.1 List of Tables
Table 1: China National Petroleum
Corporation,Key Facts 13
Table 2: China National Petroleum
Corporation ,Crude Oil Production And Forecasts (Boe) by Fields ,2000-2012
16
Table 3: China National Petroleum Corporation , Gross Revenue
($thousand) by Fields, 2008-2012 17
Table 4: China National Petroleum
Corporation , Total Government Take ($thousand) by Fields, 2008-2012 18
Table 5: China National Petroleum Corporation , Contractor Take
($thousand) by Fields, 2008-2012 19
Table 6: China National Petroleum
Corporation, Number of Exploration Blocks, by Country, 2000-2007 21
Table
7: China National Petroleum Corporation, Crude Oil Production (BBls), by
Country, 2000-2007 23
Table 8: China National Petroleum Corporation,
Natural Gas Production (MMcf), by Country, 2000-2007 24
Table 9:
China National Petroleum Corporation, Crude Oil Production (BBls) By Fields in
China, 2000-2007 25
Table 10: China National Petroleum Corporation,
Crude Oil Production (BBls) By Fields in Ecuador, 2000-2007 25
Table 11:
China National Petroleum Corporation, Crude Oil Production (BBls) By Fields
in Indonesia, 2000-2007 26
Table 12: China National Petroleum
Corporation, Crude Oil Production (BBls) By Fields in Iraq, 2000-2007 26
Table 13: China National Petroleum Corporation, Crude Oil Production
(BBls) By Fields in Kazakhstan, 2000-2007 26
Table 14: China National
Petroleum Corporation, Crude Oil Production (BBls) By Fields in Oman,
2000-2007 27
Table 15: China National Petroleum Corporation, Crude
Oil Production (BBls) By Fields in Peru, 2000-2007 27
Table 16: China
National Petroleum Corporation, Crude Oil Production (BBls) By Fields in
Sudan, 2000-2007 27
Table 17: China National Petroleum Corporation,
Crude Oil Production (BBls) By Fields in Syrian Arab Republic, 2000-2007
27
Table 18: China National Petroleum Corporation, Crude Oil
Production (BBls) By Fields in Thailand, 2000-2007 28
Table 19: China
National Petroleum Corporation, Crude Oil Production (BBls) By Fields in
Tunisia, 2000-2007 28
Table 20: China National Petroleum Corporation,
Crude Oil Production (BBls) By Fields in Colombia, 2000-2007 28
Table 21:
China National Petroleum Corporation, Natural Gas Production (MMcf), By
Fields in China, 2000-2007 29
Table 22: China National Petroleum
Corporation, Natural Gas Production (MMcf), By Fields in Indonesia, 2000-2007
29
Table 23: China National Petroleum Corporation, Natural Gas
Production (MMcf), By Fields in Kazakhstan, 2000-2007 30
Table 24:
China National Petroleum Corporation, Natural Gas Production (MMcf), By Fields
in Peru, 2000-2007 30
Table 25: China National Petroleum Corporation,
Natural Gas Production (MMcf), By Fields in Syrian Arab Republic, 2000-2007
30
Table 26: China National Petroleum Corporation' s Asset
Details,350, March 2008 31
Table 27: China National Petroleum
Corporation' s Asset Details,South Sumatra+ ' B' , March 2008 32
Table 28:
China National Petroleum Corporation' s Asset Details,Block 15, March 2008
32
Table 29: China National Petroleum Corporation' s Asset
Details,Block 13, March 2008 33
Table 30: China National Petroleum
Corporation' s Asset Details,PSC M-10, March 2008 33
Table 31: China
National Petroleum Corporation' s Asset Details,PSC M, March 2008 34
Table
32: China National Petroleum Corporation' s Asset Details,PSC A-4, March
2008 34
Table 33: China National Petroleum Corporation' s Asset
Details,AD-8, March 2008 35
Table 34: China National Petroleum
Corporation' s Asset Details,AD-6, March 2008 35
Table 35: China
National Petroleum Corporation' s Asset Details,AD-1, March 2008 36
Table
36: China National Petroleum Corporation' s Asset Details,113, March 2008
36
Table 37: China National Petroleum Corporation' s Asset
Details,112, March 2008 37
Table 38: China National Petroleum
Corporation' s Asset Details,111, March 2008 37
Table 39: China
National Petroleum Corporation' s Asset Details,11, March 2008 38
Table 40:
China National Petroleum Corporation' s Asset Details,102, March 2008
38
Table 41: China National Petroleum Corporation' s Asset
Details,Bangko, March 2008 39
Table 42: China National Petroleum
Corporation' s Asset Details,PSC C1, March 2008 39
Table 43: China
National Petroleum Corporation' s Asset Details,PSC M-2, March 2008 40
Table 44: China National Petroleum Corporation' s Asset Details,17-4,
March 2008 40
Table 45: China National Petroleum Corporation' s Asset
Details,KAIROUAN NORD, March 2008 41
Table 46: China National
Petroleum Corporation' s Asset Details,Permit H, March 2008 41
Table 47:
China National Petroleum Corporation' s Asset Details,Zhao Dong Block (C and
D Field), March 2008 42
Table 48: China National Petroleum
Corporation' s Asset Details,Chuandongbei, March 2008 43
Table 49:
China National Petroleum Corporation' s Asset Details,Changqing, March 2008
43
Table 50: China National Petroleum Corporation' s Asset
Details,CNPC Other Fields, March 2008 44
Table 51: China National
Petroleum Corporation' s Asset Details,Dagang, March 2008 44
Table 52:
China National Petroleum Corporation' s Asset Details,Daqing, March 2008 45
Table 53: China National Petroleum Corporation' s Asset Details,Huabei,
March 2008 45
Table 54: China National Petroleum Corporation' s Asset
Details,Jidong, March 2008 46
Table 55: China National Petroleum
Corporation' s Asset Details,Jilin, March 2008 46
Table 56: China
National Petroleum Corporation' s Asset Details,Liaohe, March 2008 47
Table
57: China National Petroleum Corporation' s Asset Details,Qinghai, March
2008 47
Table 58: China National Petroleum Corporation' s Asset
Details,Sichuan, March 2008 48
Table 59: China National Petroleum
Corporation' s Asset Details,Tarim, March 2008 48
Table 60: China
National Petroleum Corporation' s Asset Details,Tuha, March 2008 49
Table
61: China National Petroleum Corporation' s Asset Details,Yanchang, March
2008 49
Table 62: China National Petroleum Corporation' s Asset
Details,Yumen, March 2008 50
Table 63: China National Petroleum
Corporation' s Asset Details,Rubi, March 2008 50
Table 64: China
National Petroleum Corporation' s Asset Details,Cristal, March 2008 51
Table 65: China National Petroleum Corporation' s Asset Details,Mascarey,
March 2008 51
Table 66: China National Petroleum Corporation' s Asset
Details,Petrochina/Devon Energy, March 2008 52
Table 67: China
National Petroleum Corporation' s Asset Details,Selat Panjang, March 2008
52
Table 68: China National Petroleum Corporation' s Asset
Details,Jabung, March 2008 53
Table 69: China National Petroleum
Corporation' s Asset Details,Tuban, March 2008 53
Table 70: China
National Petroleum Corporation' s Asset Details,Al-Ahdab, March 2008 54
Table 71: China National Petroleum Corporation' s Asset Details,Darkhan,
March 2008 54
Table 72: China National Petroleum Corporation' s Asset
Details,Kumkol South, March 2008 55
Table 73: China National
Petroleum Corporation' s Asset Details,Kumkol, March 2008 55
Table 74:
China National Petroleum Corporation' s Asset Details,North Buzachi, March 2008
56
Table 75: China National Petroleum Corporation' s Asset
Details,VI/VII, March 2008 56
Table 76: China National Petroleum
Corporation' s Asset Details,VII / VI, March 2008 57
Table 77: China
National Petroleum Corporation' s Asset Details,Block 5, March 2008 57
Table 78: China National Petroleum Corporation' s Asset Details,Heglig (1+
2 & 4), March 2008 58
Table 79: China National Petroleum
Corporation' s Asset Details,Block 3&7, March 2008 59
Table 80: China
National Petroleum Corporation' s Asset Details,Block 6, March 2008 60
Table 81: China National Petroleum Corporation' s Asset Details,Al Furat
Petroleum Company Fields, March 2008 61
Table 82: China National
Petroleum Corporation' s Asset Details,Nong Sa, March 2008 62
Table 83:
China National Petroleum Corporation' s Asset Details,SLK, March 2008 62
Table 84: China National Petroleum Corporation' s Asset Details,Nare
Association, March 2008 63
Table 85: China National Petroleum
Corporation' s Asset Details,Palagua, March 2008 63
Table 86: China
National Petroleum Corporation' s Asset Details,Velasquez, March 2008 64
Table 87: China National Petroleum Corporation' s Asset Details,Cocorna,
March 2008 64
Table 88: China National Petroleum Corporation' s Asset
Details,Cocorna (Teca), March 2008 65
Table 89: China National
Petroleum Corporation' s Asset Details,Nare, March 2008 65
Table 90:
China National Petroleum Corporation' s Asset Details,Nare Bajo Rio, March 2008
66
Table 91: China National Petroleum Corporation, Key Employees,
72
Table 92: Brent Blend NYMEX Future Prices 112
1.2 List of
Figures
Figure 1: China National Petroleum Corporation , Crude Oil
Forecasts, 2000-2012 16
Figure 2: China National Petroleum
Corporation , Gross Revenue ($thousand) by Fields, 2008-2012 17
Figure 3:
China National Petroleum Corporation , Total Government Take ($thousand)
by Fields, 2008-2012 18
Figure 4: China National Petroleum
Corporation , Contractor Take ($thousand) by Fields, 2008-2012 19
Figure
5: China National Petroleum Corporation, Number of Exploration Blocks, by
Country, 2000-2007 20
Figure 6: China National Petroleum Corporation,
Crude Oil Production (BBls), by Country, 2000-2007 22
Figure 7: China
National Petroleum Corporation, Natural Gas Production (MMcf), by Country,
2000-2007 24
Figure 8: Global Markets Direct Methodology 108
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