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Asian National Oil Companies (NOCs) - International Operations to Play a Key Role in Ensuring Domestic Energy Security - Product Image

Asian National Oil Companies (NOCs) - International Operations to Play a Key Role in Ensuring Domestic Energy Security

  • Published: June 2012
  • Region: Global, Asia
  • 62 pages
  • GlobalData

Asian National Oil Companies (NOCs) - International Operations to Play a Key Role in Ensuring Domestic Energy Security

Summary

“Asian National Oil Companies (NOCs) - International Operations to Play a Key Role in Ensuring Domestic Energy Security”, is the latest report from GlobalData, the industry analysis specialists, that provides an in-depth analysis of the role of NOCs of key Asian countries – India, South Korea, China and Thailand – in securing domestic energy security. The report details how the NOCs are increasing investments abroad to mitigate the demand-supply gap of oil and gas in their countries. The report also provides details on the major international acquisitions of key NOCs of India, South Korea, China and Thailand. It also details the estimated share of the NOCs towards ensuring oil and gas supplies for their countries.

The Asian NOCs of India, South Korea, China and Thailand are playing an active role to ensure domestic energy security. Increasing demand and limited supplies of oil and gas have increased the import dependency of these countries. In order to secure oil and gas supplies, NOCs of the key Asian countries are READ MORE >

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1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guidance
3 Key Asian Countries are Increasing Investments Abroad Through their NOCs To Mitigate Energy Supply Risk
3.1 India’s Heavy Import Dependence for Oil and Gas Prompt Overseas Acquisitions by the Country’s NOCs
3.1.1 Crude Oil and Natural Gas Supply-Demand Scenario in India
3.1.2 Government of India is Focusing on Three Main Strategic Objectives to Mitigate Future Risks Associated with the Demand - Supply Mismatch
3.1.3 Indian Oil Sector Public Sector Undertakings (PSUs) are Actively Pursuing Overseas Investments
3.2 South Korea Relies on Imports for Most of its Oil and Gas Requirements
3.2.1 Crude Oil and Natural Gas Supply Demand Scenario in South Korea
3.2.2 South Korea Focuses on Building Oil Stockpiling Capacity and Investing in Overseas Oil and Gas Assets to Ensure Energy Security
3.2.3 NOCs of South Korea are Focused on Overseas Investments to Gain Hydrocarbon Resource Base and Technological Know-How
3.3 China is Witnessing a Widening Gap Between Domestic Production and Consumption of Oil and Gas
3.3.1 Crude Oil and Natural Gas Supply Demand Scenario of China
3.3.2 China is Undertaking Several Measures to Ensure Domestic Energy Security
3.4 Thailand Depends on Imports for More than Two - Fifth of its Crude Oil and Natural Gas Consumption
3.4.1 Crude Oil and Natural Gas Supply Demand Scenario of Thailand
3.4.2 Thailand’s PTT Group is to Invest about 720 Billion Baht ($23.48 Billion) over 2012 - 2016 to Mitigate Demand-Supply Mismatch
4 ONGC is among the Key Asian NOCs in terms of International Investments in Upstream Sector Since 2010
4.1 Major Overseas Investments of ONGC Since 2007
4.2 ONGC is working towards Boosting its Reserve Replacement Ratio (RRR)
4.3 Major Overseas Planned Investments of ONGC
5 International Investments in the Upstream Sector Allow KNOC to Ensure Energy Security for South Korea
5.1 Major Overseas Investments of KNOC
5.2 Major Overseas Planned Investments of Korea National Oil Corporation
6 CNOOC’s Spree to Expand its International Upstream Operations has helped the Company to Bolster its RRR
6.1 CNOOC is striving to Strengthen its RRR
6.2 CNOOC has made Several Major Overseas Asset Acquisitions Since 2008
6.3 CNOOC Plans to Maintain its Production in the Range of 330MMboe to 340MMboe in 2012
7 PetroChina’s Business Strategy Includes Acquiring Resources Overseas and Expanding its Strategic Reserves
7.1 Major Overseas Investments of PetroChina
7.2 Major Overseas Planned Investments of PetroChina
8 Oil India Limited is Supporting Domestic Energy Security through its Core Business Objective of Diversifying Across Geographies
8.1 Major Overseas Investments of Oil India Limited
8.2 Major Overseas Planned Investments of Oil India Limited
9 PTTEP Considers North America, Australia, Thailand and South East Asia as its Growth Hubs
9.1 Major Overseas Investments of PTTEP
9.2 PTTEP’s RRR has Decreased Significantly over a Period
9.3 Major Overseas Planned Investments of PTTEP
10 Sinopec is Focusing on Overseas Acquisition to Expand its Reserves and Production Base
10.1 Major Overseas Investments of Sinopec
10.2 Major Overseas Planned Investments of Sinopec
11 Appendix
11.1 Source
11.2 Market Definition
11.3 Abbreviations
11.4 Methodology
11.4.1 Coverage
11.4.2 Secondary Research
11.4.3 Primary Research
11.4.4 Expert Panel Validation
11.5 Contact Us
11.6 Disclaimer

1.1 List of Tables
Table 1: Details of Participating Interest of PSUs in Overseas Oil and Gas Assets, June 2011
Table 2: Oil and Natural Gas Corporation Limited, Major Announced and Completed Overseas Investment Deals, January 2007- March 2012
Table 3: OVL, Overseas Oil and Gas Production, 2009 - 2012
Table 4: Oil and Natural Gas Corporation Limited, Major Planned Overseas Investment Deals, 2010-2012 (March)
Table 5: Korea National Oil Corporation, Major Announced and Completed Overseas Investment Deals, 2007-2012 (March)
Table 6: Korea National Oil Corporation, Major Planned Overseas Investment Deals, 2011
Table 7: CNOOC Limited, Major Announced and Completed Overseas Investment Deals, 2008 -2011
Table 8: CNOOC Limited, Major Planned Overseas Investment Deal, March 2012
Table 9: PetroChina Company Limited, Major Announced and Completed Overseas Investment Deals, January 2007- March 2012
Table 10: PetroChina Company Limited, Major Planned Overseas Investment Deals, 2010
Table 11: Oil India Limited, Major Announced and Completed Overseas Investment Deals, January 2007- March 2012
Table 12: Oil India Limited, Major Planned Overseas Investment Deals, 2009 -2012 (March)
Table 13: PTT Exploration and Production PCL, Major Announced and Completed Overseas Investment Deals, 2007- 2010
Table 14: PTT Exploration and Production PCL, Major Planned Overseas Investment Deals, February 2012
Table 15: China Petroleum & Chemical Corporation, Major Announced and Completed Overseas Investment Deals, January 2007- March 2012

1.2 List of Figures
Figure 1: India, Gap Between Domestic Production and Consumption of Crude Oil and Natural Gas, MMboe, 2006 - 2011
Figure 2: Share of Investment Target of Five Indian Oil PSUs, %, 2011 - 2012
Figure 3: China, Gap Between Domestic Production and Consumption of Crude Oil and Natural Gas, MMboe, 2006-2011
Figure 4: Thailand, Gap Between Domestic Production and Consumption of Crude Oil and Natural Gas, MMboe, 2006-2011
Figure 5: OVL, Overseas Operations Map, February 2012
Figure 6: ONGC, Total Proved Oil and Gas Reserves, Geographical Distribution, Fiscal Year 2011
Figure 7: Oil and Natural Gas Corporation Limited, Reserve Replacement Ratio, %, 2007 - 2011
Figure 8: Estimated Share of Oil and Gas Production of OVL in India’s Oil and Gas Consumption, %, 2007 - 2018
Figure 9: India, Comparison of Reserves and Production of Major NOCs, MMboe, Fiscal Year 2011
Figure 10: Korea National Oil Corporation, Overseas E&P Operations, Location Map, February 2012
Figure 11: Estimated Share of Oil and Gas Production of KNOC in South Korea’s Oil and Gas Consumption, %, 2007 - 2012
Figure 12: Korea National Oil Corporation and SK Innovation Co., Ltd., Comparison of Reserves and Production, MMboe, 2010
Figure 13: CNOOC, Net Proved Oil and Gas Reserves, Geographic Distribution, December 31, 2011
Figure 14: CNOOC Limited, Reserve Replacement Ratio, %, 2007 - 2011
Figure 15: Estimated Share of Oil and Gas Production of CNOOC Limited in China’s Oil and Gas Consumption, %, 2007 - 2012
Figure 16: PetroChina Company Limited, E&P Operations, Location Map, December 2011
Figure 17: China, Comparison of Reserves, Production and Estimated Upstream Capital Expenditure of Major NOCs, MMboe and $m, 2012
Figure 18: Oil India Limited, E&P Operations, Location Map, November 2011
Figure 19: Estimated Share of Oil and Gas Production of Oil India Limited in India’s Oil and Gas Consumption, %, 2007 - 2012
Figure 20: PTT Exploration and Production PCL, E&P Operations, Location Map, March 2012
Figure 21: Estimated Share of Oil and Gas Production of PTT Exploration and Production PCL in Thailand’s Oil and Gas Consumption, %, 2007 - 2012
Figure 22: PTT Exploration and Production PCL, Reserve Replacement Ratio, %, 2007 - 2011
Figure 23: PTT Exploration and Production PCL, Distribution of Planned Drilling Expenditure by Region, $m, 2012
Figure 24: China Petroleum & Chemical Corporation, Total Proved Oil and Gas Reserves, Location Map, 2010

Asian Oil Companies Expand Internationally to Quench Domestic Thirst.

A heavy reliance on oil and gas imports is forcing key Asian countries to look further afield to meet domestic needs, finds a new report from business intelligence providers GlobalData.

According to the report, the national oil companies (NOC) of China, India, South Korea and Thailand are increasing investments in overseas oil and gas exploration projects as consumption levels continue to exceed national production.

As these emerging economies continue to grow, the disparity between need and domestic production becomes more significant. India’s current oil and gas production represents around 40% of its consumption, while for South Korea that figure drops to below 10%. Both China and Thailand import approximately half of the oil and gas they require.

Mergers and acquisitions also constitute a key tactic in ensuring domestic energy security. For the period March 2010 to March 2012, Korea National Oil Corporation (KNOC) carried out 10 acquisitions and asset transactions, including planned deals – the largest figure for any of the Asian NOCs.

However, as a nation, China carried out more acquisitions during this window than any other Asian country as it continues to expand its economy. GlobalData found that, through its three major NOCs (CNOOC Limited, PetroChina Company and China Petroleum and Chemical Corporation) the country invested $17.31 billion in overseas acquisitions (for the deals for which the value was disclosed).

China, India, South Korea and Thailand all have oil and gas reserve lives of seven to 26 years, but have limited capacity to swell domestic production and will continue to look to international sources to maintain resource levels.

* Asian National Oil Companies (NOCs) - International Operations to Play a Key Role in Ensuring Domestic Energy Security

This report provides an in-depth analysis of the role of NOCs of key Asian countries – India, South Korea, China and Thailand – in securing domestic energy security. The report details how the NOCs are increasing investments abroad to mitigate the demand-supply gap of oil and gas in their countries. The report also provides details on the major international acquisitions of key NOCs of India, South Korea, China and Thailand. It also details the estimated share of the NOCs towards ensuring oil and gas supplies for their countries. The Asian NOCs of India, South Korea, China and Thailand are playing an active role to ensure domestic energy security. Increasing demand and limited supplies of oil and gas have increased the import dependency of these countries. In order to secure oil and gas supplies, NOCs of the key Asian countries are aggressively increasing their international operations.

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