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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
25、acts valued at $1.9 billion, up 27.8% from 2006. It completed contracts valued at $1.2 billion, up 39.1% from 2006. In 2007, 205 oil and gas mining engineering and service teams worked in 31 foreign countries. China National Offshore Oil Corporation Market Share: 12.5% China National Offshore Oil Co
26、rporation (CNOOC) is the third-largest state-owned oil company in China. It was established in 1982 and is responsible for the mining of crude oil and natural gas in the seas of China. It has developed from an oil mining company to an integrated petroleum enterprise, with businesses covering oil exp
27、loration and mining, refining and automotive fuel distribution. WWW.IBISWORLD.COM.CN Oil & Gas Drilling Support Services in China November 2011 24 Currently, CNOOC has three public subsidiaries listed on the New York and Hong Kong stock markets and one public subsidiary listed on the Shanghai Stock
28、Exchange. China Oilfield Service Limited (COSL) is the major subsidiary of CNOOC that provides mining support services. COSL is the largest offshore oil and gas mining service provider in China. The company is headquartered in Tianjin city and originated from the combination of 10 specialized servic
29、e subsidiaries of CNOOC in 2001. It was listed on the Hong Kong Stock Exchange in 2002. In September 2007, COSL was listed on the Shanghai Stock Exchange. COSL has over 100 operating ships, including 15 drilling ships, seven earthquake prospecting ships and four fueling ships. The companys businesse
30、s can be divided into four modules: drilling services, oil well technologies services, ship services and geophysical prospecting services. Market shares of the four modules in the domestic market were 95%, 60%, 70% and 80%, respectively, in 2007. During 2007, the four modules contributed 42%, 25%, 1
31、5% and 16% to total revenue of COSL, respectively. In addition, about 90% of the companys revenue is from offshore mining services. About two-thirds of COSLs drilling services revenue is from business with CNOOC Limited, the leading upstream offshore petroleum company in China. In 2008, CNOOC Limite
32、d enhanced its exploration of offshore China with an investment of about $1.0 billion, much of which benefited COSL. The company has been actively engaged in merger and acquisition activities in recent years, to introduce high technologies and advanced international management experience. By the end
33、 of 2010, COSL has expanded its business to countries and regions across North America, Africa, Europe, Southeast Asia, the Middle East and Oceania. Revenue from foreign markets accounted for an estimated 20% of the companys total revenue in 2010. In 2010, COSL increased investment in research and d
34、evelopment to enhance its competitiveness in drilling services. 10 oil and gas fields were discovered during the year, with the output totaling 50 million tons domestically. In 2009, the drilling service revenue of COSL increased by 71% to $1.5 billion, mainly due to the full-year operations of CDE
35、(COSL Drilling Europe AS), increased efficiency from newly-added equipment and the full-year operations of COSL942 and three on-land rigs. In September 2008, COSL acquired 100% of shares in the Norwegian public company Awilco Offshore ASA (Awilco), at a cost of about $2.5 billion. The acquisition en
36、abled COSL to have the sixth-largest offshore drilling team in the world, with a total of 36 drilling platforms operating and under construction. Awilco was established in January 2005 and was listed on the Oslo Stock Exchange in May 2005. Its main business is offshore oil and gas drilling, operatin
37、g in Australia, Norway, Vietnam, Saudi Arabia, the Mediterranean Sea and Southeast Asia. By September 2008, Awilco had five new operating jack-up drilling platforms. It also had three jack-ups and three semi-submersible drilling platforms being constructed. In 2007, COSL realized substantial growth
38、in terms of both revenue and total profit. This was due to increasing contracts, rising service prices, development of foreign markets and improved work efficiency through new equipment. In late 2006, COSL attempted to acquire the oilfield service firm STU from the Russian company TNK-BP. However, t
39、he transaction failed due to opposition from the Russian government. China Oilfield Service Limited - financial performance Year Revenue US Million Dollars Growth % change NPBT US Million Dollars Growth % change Assets US Million Dollars Growth % change 2005 601.8 30.3 116.8 19.9 1183.8 7.2 2006 818
40、.6 36.0 182.0 55.8 1647.9 39.2 WWW.IBISWORLD.COM.CN Oil & Gas Drilling Support Services in China November 2011 25 2007 1215.1 48.4 376.9 107.1 3035.6 84.2 2008 1784.6 46.9 475.9 26.3 8152.4 168.6 2009 2686.0 50.5 550.5 15.7 8921.4 9.4 2010 2667.7 -0.7 609.7 10.8 9393.4 5.3 SOURCE: ANNUAL REPORT Othe
41、r Players Anton Oilfield Services Group Headquartered in Beijing, Anton Oilfield Services Group (Anton) is a large private enterprise providing support services for oilfields. The company employed over 1,038 people in 2010. The main clients of Anton include CNPC, CNOOC and Sinopec. Anton has four ma
42、jor business segments: drilling technology services, well completion equipment services, downhole operation services and oilfield equipment services. The four segments contributed 10.3%, 34.2%, 36.1% and 19.4% to company revenue in 2010, respectively. Specific services include well completion, well
43、cementing, drilling, drilling equipment rent, oilfield water treatment and well washing. Antons businesses are mainly spread over four regions: North China, North West China, North East China and South West China, which accounted for 23.5%, 37.8%, 14.5% and 16.5% of total revenue in 2010, respective
44、ly. In 2010, Antons development was due to its increased focus on technology innovation and successful business restructuring. Oil and gas mining services became its major business that accounted for over 80% of the company revenue in contrast to 58% in 2009. In August 2008, Anton established a subs
45、idiary Anton Oilfield Services International Co., Ltd., to manage its overseas businesses. In December 2007, Anton was listed on the Hong Kong Stock Exchange and raised $110.8 million. In November 2007, Anton acquired Beijing Haineng Haite Oil Technology Development Co., Ltd., and Beijing Huarui Mei
46、er Oil Development Co., Ltd. Also during 2007, Anton established its overseas subsidiary, Anton Energy Services Corporation. Anton established the Anton Research Institute, and developed new services such as well completion and well cementing. Copower Enterprise Co., Ltd. Copower Enterprise Co., Ltd
47、. (Copower) is a private enterprise headquartered in Yinchuan city in Nei Mongol Ningxia Autonomous Region. It originated from Yinchuan Sanding Industrial and Trade Co. Ltd., which was established in 1986. The main businesses of Copower include oilfield prospecting and exploration, construction, dri
48、lling, well cementing, well logging, oil testing, well fracturing, well repair and oilfield materials supply. The company cements over 200 wells annually, tests for wells as deep as 3,000 meters and completes fracture acidizing for wells as deep as 5,000 meters. The subsidiary Yinchuan Changlong Pet
49、rochemical Industrial Co., Ltd. was jointly established by Copower and Changqing Industrial Group Co., Ltd. in 1998 and is engaged in oilfield prospecting. Copower mainly serves oilfields in Changqing oilfield, which is located across Shaanxi province, Gansu province and Nei Mongol Ningxia Autonomous Region. Xinjiang Zhundong Petroleum Technology Co., Ltd. WWW.IBISWORLD.COM.CN Oil & Gas Drilling Support Services in China November 2011 26 Xinjiang Zhundong Petroleum Technology Co., Ltd. (XZPT) is a private enterprise established in 2001, o