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Asia National Oil Companies: Overseas Acquisitions To Secure Future Energy Needs
Market Study
Published: January 2010
Pages: 72
Tables: For full details, please email keithw@cmsinfo.com
From: GBP 2187.50 Buy Now!
Research from: GlobalData
Sector: Oil & Gas
Asia National Oil Companies: Overseas Acquisitions To Secure Future Energy Needs
Summary
GlobalData’s new report “Asia National Oil Companies: Overseas Acquisitions To Secure Future Energy Needs” analyzes the Asian National Oil Companies (NOCs) in respect of their aggressive overseas acquisitions to secure future energy supplies for the domestic country. The report details the current structure of Asia’s energy sector discussing the reserves, production and consumption trends during 2000-2008 and providing expected crude oil and natural gas production and consumption forecast till 2020. The report details the growth of Asian NOCs in terms of overall reserves and production and also the increase in international operations. The report also discusses the role of Asia NOCs in global M&A industry, detailing the major investments in each region across the globe. Major growth strategies of the Asian NOCs are also discussed. The reports also compares the major Asian NOCs against the big five IOCs in terms of various operational parameters. The role of national governments in the internationalization of these NOCs in also discussed. The report also provides the major future challenges and planned investments by the Asian NOCs during 2010-2015.
The Asian national oil companies have become active players in world oil and gas industry. Driven by the growing domestic consumption and limited domestic supplies, the Asian NOCs have been aggressively increasing their international operations in order to secure the domestic countries’ future energy supplies.
The Asian NOCs have steadily increased their role in the global M&A activities over the past year with a number of acquisitions across the globe. These NOCs are looking to expand their overseas operations in order to increase their operations internationally. The Chinese NOCs have been the most active acquirers over the past years followed by Korea’s KNOC. The Asian NOCs have together spent almost $49 billion during 2005-09 to acquire oil and gas properties overseas.
The domestic governments are also expected to play an important role in the growth of these Asian NOCs. The Chinese government’s recent loan for oil agreements have given a big boost to the Chinese NOCs allowing them to expand their presence into major resource rich countries like Venezuela, Brazil, Russia and others. The past two years have also seen an increased number of NOC-NOC partnerships. The increased trend of major producing NOCs preferring other NOCs to IOCs for the development of major projects will also benefit the Asian national oil companies.
Driven by national priorities, the Asian NOCs will continue to spend aggressively. The overall capital expenditure of these companies is expected to stand at approximately $100 billion in 2010.
Scope
The report provides a detailed analysis of Asian National Oil companies’ strategies to secure future energy needs of the domestic country. It provides
- An analysis of the Asian energy sector with crude oil and natural gas reserves, production and consumption trends from 2000-2008 and forecasts till 2020
- An analysis of the historical growth and major strategies of Asian national oil companies, detailing the growth in international operations.
- Details of the role of Asian NOCs in global M&A activities during 2005-2009, discussing the major investments of these NOCs across the globe.
- An analysis of the role of domestic governments in the internationalization of these NOCs.
- A comparison of Asian NOCs with the big five international majors in terms of various operational parameters. Key companies covered include China National Petroleum Corporation (CNPC), Petroliam Nasional Berhad (Petronas), Oil and Natural Gas Corporation (ONGC), China Petroleum & Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), and PTT Exploration and Production.
- Major future challenges faced by the Asian NOCs.
- The future investment plans and opportunities for the Asian NOCs.
Reasons to buy
- Understand the Asian Energy sector by enhancing your knowledge about these major companies in the region.
- Benchmark your operations against operations and competitive strategies adopted by these major national oil companies.
- Understand the strategies adopted by the NOCs and identify possible opportunities to partner with them.
- Identify the opportunities to partner with these growing national oil companies
- Formulate your business strategies in Asia by understanding the strategies of the national oil companies in the region. 1 Table of contents
1 Table of contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Overview 7
2.2 GlobalData Report Guidance 7
3 Asia Energy Sector: Growing Consumption Necessitates Foreign Energy Supplies 8
3.1 Oil and Gas Reserves Growth, 2008 8
3.1.1 Asia-Pacific, Crude Oil Reserves, 2008 8
3.1.2 Asia, Natural Gas Reserves, 2008 10
3.2 Asia, Oil and Gas Production & Consumption, 2000-2020 13
3.2.1 Asia Crude Oil Production and Consumption, 2000-2020 13
3.2.2 Asia Natural Gas Production and Consumption, 2000-2020 15
4 Rise Of Asian National Oil Companies 18
4.1 Increasing Domestic Needs Drives National Oil Companies To Expand Overseas 18
4.2 Asian National Oil Companies, Growth In Reserves And Production, 2006-2008 21
4.3 Asian National Oil Companies: Level Of Internationalization 25
4.4 Asian National Oil Companies: Share Of International Oil and Gas Operations 26
5 Asian National Oil Companies Expanding Aggressively 29
5.1 The Internationalization Of The Asian NOCs and Role Of Domestic Government 29
5.1.1 NOC- Government Relationship 29
5.1.2 China’s Loan For Oil Agreements 29
5.1.3 Increasing role of NOC-NOC Partnership 31
5.2 Chinese National Oil Companies: Securing China’s Future Energy Supplies 32
5.2.1 Chinese National Oil Companies: Taking Advantage Of The Global Financial Crisis To Expand Their Overseas Operations 32
5.2.2 China National Oil Companies: Gearing Up For Expected Surge In Natural Gas Demand In China 33
5.3 Indian National Oil Companies: Looking For Avenues To Expand Their Global Presence 35
5.4 Korea National Oil Company: Huge Dependence On Imports Necessitates The Expansion 36
5.5 Petronas: Strongly Positioned To Grow Into A Major International Oil And Gas Company 38
5.6 PTT Thailand: Slowly Expanding Its Operation Base 40
6 Asian National Oil Companies: M&A Activities and Investments 42
6.1 Asian National Oil Companies, Expansions Through Acquisitions 42
6.1.1 Asian NOCs, Major Acquisitions Abroad, 2005-2009 42
6.2 Asian NOCs, Investment In Asia and Oceania 44
6.3 Asian NOCs, Investment In Middle East 44
6.4 Asian NOCs, Investment In Africa 46
6.5 Asian NOCs, Investment In Latin America 50
6.6 Asian NOCs, Investment In Europe 51
6.7 Asian NOCs, Investment In North America 51
7 Asian NOCs and International Oil Majors: Comparison Of Major Operational Parameters 52
7.1 Asian NOCs Compared To International Majors, Key Operational Parameters 52
7.1.1 Asian NOCs and Major IOCs, Comparison By Oil and Gas Reserves 52
7.1.2 Asian NOCs and Major IOCs, Comparison By Oil and Gas Production 53
7.1.3 Asian NOCs and Major IOCs, Comparison By Reserve/Production Ratio 55
7.1.4 Asian NOCs and Major IOCs, Comparison By Oil & Gas Reserve Replacement (Excluding Sales), % 56
7.1.5 Asian NOCs and Major IOCs, Comparison By Total Cost Incurred 57
7.1.6 Asian NOCs and Major IOCs, Comparison By Oil & Gas Revenue Per Boe 59
7.1.7 Asian NOCs and Major IOCs, Comparison By Total Revenue 60
7.2 Competition Between IOCs and Asian NOCs To Acquire Foreign Assets 62
8 Asian NOCs: Set To Play A Major Role In Energy Sector 63
8.1 Asian NOCs Overseas Expansion: Major Challenges 63
8.1.1 Growing Resource Nationalization 63
8.1.2 Competing With The International Major To Acquire Equity Oil 64
8.2 Planned Investments 64
8.2.1 Asian National Oil Companies Play A Major Role In World Oil And Gas Spending 64
8.2.2 Asian National Oil Companies: Significant Increase In Capex to Support Growth 65
8.2.3 Asian National Oil Companies: Actively Entering All Possible Avenues For Future Growth 66
8.2.4 Chinese National Oil Companies: Huge Investments In Midstream and Downstream Sector 67
9 Appendix 70
9.1 Abbreviations 70
9.2 Methodology 70
9.2.1 Coverage 71
9.2.2 Secondary Research 71
9.2.3 Primary Research 71
9.2.4 Expert Panel Validation 71
9.3 Contact Us 72
9.4 Disclaimer 72
Summary
GlobalData’s new report “Asia National Oil Companies: Overseas Acquisitions To Secure Future Energy Needs” analyzes the Asian National Oil Companies (NOCs) in respect of their aggressive overseas acquisitions to secure future energy supplies for the domestic country. The report details the current structure of Asia’s energy sector discussing the reserves, production and consumption trends during 2000-2008 and providing expected crude oil and natural gas production and consumption forecast till 2020. The report details the growth of Asian NOCs in terms of overall reserves and production and also the increase in international operations. The report also discusses the role of Asia NOCs in global M&A industry, detailing the major investments in each region across the globe. Major growth strategies of the Asian NOCs are also discussed. The reports also compares the major Asian NOCs against the big five IOCs in terms of various operational parameters. The role of national governments in the internationalization of these NOCs in also discussed. The report also provides the major future challenges and planned investments by the Asian NOCs during 2010-2015.
The Asian national oil companies have become active players in world oil and gas industry. Driven by the growing domestic consumption and limited domestic supplies, the Asian NOCs have been aggressively increasing their international operations in order to secure the domestic countries’ future energy supplies.
The Asian NOCs have steadily increased their role in the global M&A activities over the past year with a number of acquisitions across the globe. These NOCs are looking to expand their overseas operations in order to increase their operations internationally. The Chinese NOCs have been the most active acquirers over the past years followed by Korea’s KNOC. The Asian NOCs have together spent almost $49 billion during 2005-09 to acquire oil and gas properties overseas.
The domestic governments are also expected to play an important role in the growth of these Asian NOCs. The Chinese government’s recent loan for oil agreements have given a big boost to the Chinese NOCs allowing them to expand their presence into major resource rich countries like Venezuela, Brazil, Russia and others. The past two years have also seen an increased number of NOC-NOC partnerships. The increased trend of major producing NOCs preferring other NOCs to IOCs for the development of major projects will also benefit the Asian national oil companies.
Driven by national priorities, the Asian NOCs will continue to spend aggressively. The overall capital expenditure of these companies is expected to stand at approximately $100 billion in 2010.
Scope
The report provides a detailed analysis of Asian National Oil companies’ strategies to secure future energy needs of the domestic country. It provides
- An analysis of the Asian energy sector with crude oil and natural gas reserves, production and consumption trends from 2000-2008 and forecasts till 2020
- An analysis of the historical growth and major strategies of Asian national oil companies, detailing the growth in international operations.
- Details of the role of Asian NOCs in global M&A activities during 2005-2009, discussing the major investments of these NOCs across the globe.
- An analysis of the role of domestic governments in the internationalization of these NOCs.
- A comparison of Asian NOCs with the big five international majors in terms of various operational parameters. Key companies covered include China National Petroleum Corporation (CNPC), Petroliam Nasional Berhad (Petronas), Oil and Natural Gas Corporation (ONGC), China Petroleum & Chemical Corporation (Sinopec), China National Offshore Oil Corporation (CNOOC), and PTT Exploration and Production.
- Major future challenges faced by the Asian NOCs.
- The future investment plans and opportunities for the Asian NOCs.
Reasons to buy
- Understand the Asian Energy sector by enhancing your knowledge about these major companies in the region.
- Benchmark your operations against operations and competitive strategies adopted by these major national oil companies.
- Understand the strategies adopted by the NOCs and identify possible opportunities to partner with them.
- Identify the opportunities to partner with these growing national oil companies
- Formulate your business strategies in Asia by understanding the strategies of the national oil companies in the region. 1 Table of contents
1 Table of contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Overview 7
2.2 GlobalData Report Guidance 7
3 Asia Energy Sector: Growing Consumption Necessitates Foreign Energy Supplies 8
3.1 Oil and Gas Reserves Growth, 2008 8
3.1.1 Asia-Pacific, Crude Oil Reserves, 2008 8
3.1.2 Asia, Natural Gas Reserves, 2008 10
3.2 Asia, Oil and Gas Production & Consumption, 2000-2020 13
3.2.1 Asia Crude Oil Production and Consumption, 2000-2020 13
3.2.2 Asia Natural Gas Production and Consumption, 2000-2020 15
4 Rise Of Asian National Oil Companies 18
4.1 Increasing Domestic Needs Drives National Oil Companies To Expand Overseas 18
4.2 Asian National Oil Companies, Growth In Reserves And Production, 2006-2008 21
4.3 Asian National Oil Companies: Level Of Internationalization 25
4.4 Asian National Oil Companies: Share Of International Oil and Gas Operations 26
5 Asian National Oil Companies Expanding Aggressively 29
5.1 The Internationalization Of The Asian NOCs and Role Of Domestic Government 29
5.1.1 NOC- Government Relationship 29
5.1.2 China’s Loan For Oil Agreements 29
5.1.3 Increasing role of NOC-NOC Partnership 31
5.2 Chinese National Oil Companies: Securing China’s Future Energy Supplies 32
5.2.1 Chinese National Oil Companies: Taking Advantage Of The Global Financial Crisis To Expand Their Overseas Operations 32
5.2.2 China National Oil Companies: Gearing Up For Expected Surge In Natural Gas Demand In China 33
5.3 Indian National Oil Companies: Looking For Avenues To Expand Their Global Presence 35
5.4 Korea National Oil Company: Huge Dependence On Imports Necessitates The Expansion 36
5.5 Petronas: Strongly Positioned To Grow Into A Major International Oil And Gas Company 38
5.6 PTT Thailand: Slowly Expanding Its Operation Base 40
6 Asian National Oil Companies: M&A Activities and Investments 42
6.1 Asian National Oil Companies, Expansions Through Acquisitions 42
6.1.1 Asian NOCs, Major Acquisitions Abroad, 2005-2009 42
6.2 Asian NOCs, Investment In Asia and Oceania 44
6.3 Asian NOCs, Investment In Middle East 44
6.4 Asian NOCs, Investment In Africa 46
6.5 Asian NOCs, Investment In Latin America 50
6.6 Asian NOCs, Investment In Europe 51
6.7 Asian NOCs, Investment In North America 51
7 Asian NOCs and International Oil Majors: Comparison Of Major Operational Parameters 52
7.1 Asian NOCs Compared To International Majors, Key Operational Parameters 52
7.1.1 Asian NOCs and Major IOCs, Comparison By Oil and Gas Reserves 52
7.1.2 Asian NOCs and Major IOCs, Comparison By Oil and Gas Production 53
7.1.3 Asian NOCs and Major IOCs, Comparison By Reserve/Production Ratio 55
7.1.4 Asian NOCs and Major IOCs, Comparison By Oil & Gas Reserve Replacement (Excluding Sales), % 56
7.1.5 Asian NOCs and Major IOCs, Comparison By Total Cost Incurred 57
7.1.6 Asian NOCs and Major IOCs, Comparison By Oil & Gas Revenue Per Boe 59
7.1.7 Asian NOCs and Major IOCs, Comparison By Total Revenue 60
7.2 Competition Between IOCs and Asian NOCs To Acquire Foreign Assets 62
8 Asian NOCs: Set To Play A Major Role In Energy Sector 63
8.1 Asian NOCs Overseas Expansion: Major Challenges 63
8.1.1 Growing Resource Nationalization 63
8.1.2 Competing With The International Major To Acquire Equity Oil 64
8.2 Planned Investments 64
8.2.1 Asian National Oil Companies Play A Major Role In World Oil And Gas Spending 64
8.2.2 Asian National Oil Companies: Significant Increase In Capex to Support Growth 65
8.2.3 Asian National Oil Companies: Actively Entering All Possible Avenues For Future Growth 66
8.2.4 Chinese National Oil Companies: Huge Investments In Midstream and Downstream Sector 67
9 Appendix 70
9.1 Abbreviations 70
9.2 Methodology 70
9.2.1 Coverage 71
9.2.2 Secondary Research 71
9.2.3 Primary Research 71
9.2.4 Expert Panel Validation 71
9.3 Contact Us 72
9.4 Disclaimer 72