The Top 10 Asia-Pacific Gas and Oil Companies: Growth strategies, performance and SWOT analyses

Date: February 22, 2010
Pages: 162
Price:
US$ 2,875.00
Publisher: Business Insights
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery
ID: T08201A8434EN
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The Top 10 Asia-Pacific Gas and Oil Companies: Growth strategies, performance and SWOT analyses
This report profiles the leading oil and gas companies in the Asia-Pacific region, with primary focus on their exploration and production (upstream) operations. The Asia-

Pacific oil and gas industry is a combination of integrated companies and either upstream or downstream companies. Typically, upstream activities involve the exploration, development, and production of crude oil and natural gas; midstream activities include transportation of oil and natural gas through pipelines and tankers; and downstream activities include the refining, marketing and distribution of petroleum and petrochemical products.

‘Top 10 Asia Pacific Oil and Gas Companies’ is a new Business Insights report which analyzes the major trends in the Asia-Pacific oil and gas industry with focus on the upstream sector. The report provides detailed profiles of the top ten companies in the industry in the region and also includes a brief summary of the next ten players.

Key findings

The Asia-Pacific oil and gas industry is dominated by national oil companies with substantial cash reserves and unrivalled access to domestic oil and gas resources.

Forced by flat growth in domestic crude oil reserves and production, resource-seeking companies intensified oil exploration activities overseas.

Resource-rich companies, on the other hand, are considerably building LNG export capacity to commercialize their abundant natural gas resources and to access international gas markets.

China opened a natural gas pipeline connecting China to a Central Asian country that could likely alter the geopolitics in the region.

Asia-Pacific and the Middle East regions are expected to drive the refinery capacity additions during 2008–14.

Use this report to...

  • Learn from the strategies of the Asia-Pacific oil and gas companies to target future growth markets effectively, avoid their mistakes, replicate their successes and learn of the threats they face.
  • Benchmark your performance against the leading oil and gas companies in the region using critical operational data by company and comprehending their strategies.
  • Understand the major issues affecting the Asia-Pacific oil and gas industry.
  • Predict the key growth areas in the Asia-Pacific oil and gas industry.
  • Utilize thought leadership on the performance of the key players in the oil and gas industry, and their future strategies.


  • Explore issues including...

    Depleting crude oil reserves: the majority of the oil and gas companies in the Asia- Pacific region continue to face either flat or depleting growth in crude oil reserves.

    Regulated market environment: Major players in the region are state-owned and operate in a highly regulated market environment. Stateowned companies have limited operational flexibility.

    Price volatility: Volatility in oil and natural gas prices to impact operations of the companies.

    Environmental regulations: Stringent environmental regulations (that are applicable globally) to curb GHG (green house gas) emissions will result in additional capital expenditure, especially on refineries and emission-intensive exploration technologies.

    Supply constraints: A strong economic growth in the region will likely exert pressure on the supply capability of the companies.

    Discover...

  • What are the trends in the Asia-Pacific oil and gas industry?
  • Who are the top 10 players in the industry in the region?
  • What are the growth strategies of the top 10 companies?
  • What are the strengths of the top 10 players in the oil and gas industry in the region?
  • What are the weaknesses of the top 10 players?
  • What are the growth opportunities for the top 10 companies?

  • Asia-Pacific Top 10 Oil and Gas Companies
    Executive Summary 14
    Industry overview 14
    PetroChina 15
    Petroliam Nasional (PETRONAS) 15
    Sinopec 16
    Oil and Natural Gas Corporation (ONGC) 16
    China National Offshore Oil Corporation (CNOOC) 17
    PTT Public Company Limited (PTT) 17
    INPEX 18
    BHP Billiton 18
    Woodside Petroleum (Woodside) 19
    Santos 19

    CHAPTER 1 INTRODUCTION

    What is this report about? 22
    Methodology 22

    CHAPTER 2 INDUSTRY OVERVIEW

    Summary 24
    Introduction 25
    Upstream 25
    Focus on developing Asia-Pacific's abundant natural gas reserves 25
    Companies going global to acquire crude oil reserves 27
    Midstream 29
    China strengthened its influence in Central Asia with the laying of a natural
    gas pipeline to Turkmenistan 29
    Downstream 29
    Asia-Pacific region poised to drive refinery capacity additions 29
    Competitive landscape 31
    Top 10 Asia-Pacific oil and gas companies based on upstream revenues 31
    Top 10 Asia-Pacific oil and gas companies based on proved reserves 31
    Performance of top 10 oil and gas companies 32

    CHAPTER 3 PETROCHINA

    Summary 36
    Company overview 37
    Business segments 37
    Exploration and production 37
    Refining and marketing 38
    Chemicals and marketing 39
    Natural gas and pipeline 39
    Recent financial performance 40
    Performance by business segments 41
    Growth strategies 42
    Increased efforts to acquire international upstream assets 42
    To focus on natural gas exploration and development activities 43
    Increased investments in refining 43
    Expands network of oil and gas pipelines 44
    SWOT analysis 45

    CHAPTER 4 PETRONAS

    Summary 48
    Company overview 49
    Business segments 49
    Exploration and production 49
    Oil business 50
    Gas business 50
    Petrochemical business 51
    Logistics and maritime business 51
    Recent financial performance 51
    Performance by business segments 53
    Growth strategies 53
    To build a geographically-balanced international upstream portfolio 53
    To consolidate its position as a leading global LNG player 54
    SWOT analysis 55

    CHAPTER 5 SINOPEC

    Summary 58
    Company overview 59
    Business segments 59
    Exploration and production 59
    Refining 60
    Marketing and distribution 60
    Chemicals 61
    Recent financial performance 61
    Performance by business segments 63
    Growth strategies 63
    Plans to increase upstream capacity 63
    Increase refining capacity in key geographic areas near to high demand centers 64
    SWOT analysis 64

    CHAPTER 6 ONGC

    Summary 66
    Company overview 67
    Business segments 67
    Exploration and production 67
    Refining 68
    Recent financial performance 68
    Performance by business segments 70
    Growth strategies 71
    Intensified exploration activity to meet increasing energy demand in India 71
    Aims to improve recovery from matured fields to sustain production 72
    SWOT analysis 73

    CHAPTER 7 CNOOC

    Summary 76
    Company overview 76
    Business segments 77
    Independent operations 77
    Production sharing contracts 78
    Trading business 78
    Recent financial performance 78
    Performance by business segments 80
    Growth strategies 80
    To expand exploration activity to offset anticipated decline in production 80
    Plans strategic investments in natural gas business 81
    SWOT analysis 82

    CHAPTER 8 PTT

    Summary 84
    Company overview 85
    Business segments 85
    Gas business 85
    PTTEP 85
    Oil business 86
    Petrochemicals 86
    Recent financial performance 87
    Performance by business segments 88
    Growth strategies 89
    To expand exploration and production business through acquisition of petroleum fields 89
    Continue to strengthen gas value chain in natural gas and LNG 90
    SWOT analysis 91

    CHAPTER 9 INPEX

    Summary 94
    Company overview 95
    Business segments 95
    Oil and natural gas business 95
    Recent financial performance 96
    Performance by business segments 97
    Growth strategies 98
    Sustainable expansion of exploration and production business 98
    To build a complete natural gas supply chain 98
    To evolve into a diversified energy company 99
    SWOT analysis 100

    CHAPTER 10 BHP BILLITON

    Summary 102
    Company overview 103
    Business segments 103
    Petroleum 103
    Aluminum 104
    Base metals 104
    Diamonds and specialty products 104
    Stainless steel materials 105
    Iron ore 105
    Manganese 105
    Metallurgical coal 105
    Energy coal 105
    Recent financial performance 105
    Performance by business segments 107
    Growth strategies 107
    To own and operate long-life and low-cost upstream assets 107
    Curtails production in response to reduced demand 109
    SWOT analysis 110

    CHAPTER 11 WOODSIDE

    Summary 112
    Company overview 113
    Business segments 113
    North West Shelf 113
    Australia 113
    Pluto 114
    US 114
    Recent financial performance 115
    Performance by business segments 117
    Growth strategies 117
    Aims to attain global leadership in LNG 117
    Continues to hold complementary exploration assets outside Australia 118
    SWOT analysis 119

    CHAPTER 12 SANTOS

    Summary 122
    Company overview 123
    Business segments 123
    Australia 123
    International 123
    Recent financial performance 124
    Performance by business segments 125
    Growth strategies 126
    Developing existing exploration assets in Australia and Asia-Pacific 126
    Investing in LNG to drive growth 126
    SWOT analysis 128

    CHAPTER 13 THE NEXT 10 COMPANIES: BRIEF PROFILES

    Cosmo Oil 130
    Company overview 130
    Business segments 130
    Recent financial performance 131
    Essar Oil 134
    Company overview 134
    Business segments 134
    Recent financial performance 135
    GAIL (India) 137
    Company overview 137
    Business segments 137
    Recent financial performance 138
    Gujarat State Petroleum Corporation (GSPC) 140
    Company overview 140
    Business segments 140
    Recent financial performance 141
    MedcoEnergy 143
    Company overview 143
    Business segments 143
    Recent financial performance 144
    Nippon Oil 146
    Company overview 146
    Business segments 146
    Recent financial performance 147
    Oil India 149
    Company overview 149
    Business segments 149
    Recent financial performance 150
    Origin Energy 152
    Company overview 152
    Business segments 152
    Recent financial performance 153
    Reliance Industries 155
    Company overview 155
    Business segments 155
    Recent financial performance 156
    Singapore Petroleum 159
    Company overview 159
    Business segments 159
    Recent financial performance 160
    Appendix 162
    Glossary 162
    Index 163

    LIST OF FIGURES

    Figure 2.1: Asia-Pacific natural gas proved reserves (tcm), 2004–08 26
    Figure 2.2: Performance of top 10 Asia-Pacific oil and gas companies, 2006–08 34
    Figure 3.3: PetroChina financial performance ($m), 2004–08 41
    Figure 3.4: PetroChina SWOT analysis 45
    Figure 4.5: PETRONAS financial performance ($m), 2004–08 52
    Figure 4.6: PETRONAS SWOT analysis 55
    Figure 5.7: Sinopec financial performance ($m), 2004–08 62
    Figure 5.8: Sinopec SWOT analysis 64
    Figure 6.9: ONGC financial performance ($m), 2004–08 70
    Figure 6.10: ONGC SWOT analysis 73
    Figure 7.11: CNOOC financial performance ($m), 2004–08 79
    Figure 7.12: CNOOC SWOT analysis 82
    Figure 8.13: PTT financial performance ($m), 2006–08 88
    Figure 8.14: PTT SWOT analysis 91
    Figure 9.15: INPEX financial performance ($m), 2006–08 97
    Figure 9.16: INPEX SWOT analysis 100
    Figure 10.17: BHP Billiton financial performance ($m), 2004–08 106
    Figure 10.18: BHP Billiton SWOT analysis 110
    Figure 11.19: Woodside financial performance ($m), 2004–08 116
    Figure 11.20: Woodside SWOT analysis 119
    Figure 12.21: Santos financial performance ($m), 2004–08 125
    Figure 12.22: Santos SWOT analysis 128
    Figure 13.23: Cosmo Oil financial performance ($m), 2004–08 133
    Figure 13.24: Essar Oil financial performance ($m), 2004–08 136
    Figure 13.25: GAIL (India) financial performance ($m), 2004–08 139
    Figure 13.26: GSPC financial performance ($m), 2004–07 142
    Figure 13.27: MedcoEnergy financial performance ($m), 2004–08 145
    Figure 13.28: Nippon Oil financial performance ($m), 2004–08 148
    Figure 13.29: Oil India financial performance ($m), 2004–08 151
    Figure 13.30: Origin Energy financial performance ($m), 2004–08 154
    Figure 13.31: Reliance Industries financial performance ($m), 2004–08 158
    Figure 13.32: Singapore Petroleum financial performance ($m), 2004–08 161

    LIST OF TABLES

    Table 2.1: Asia-Pacific natural gas proved reserves (tcm), 2004–08 26
    Table 2.2: Asia-Pacific LNG liquefaction capacity forecast (mmtpa), 2010–18 27
    Table 2.3: Asia-Pacific crude oil reserves and production ('000 million barrels), 2004–08 28
    Table 2.4: Top 10 Asia-Pacific oil and gas companies based on upstream revenues ($m), 2008 31
    Table 2.5: Top 10 Asia-Pacific oil and gas companies based on proved reserves, 2008 32
    Table 2.6: Performance of top 10 Asia-Pacific oil and gas companies, 2006–08 33
    Table 3.7: PetroChina snapshot 36
    Table 3.8: PetroChina's exploration and production metrics (mboe), 2007–08 38
    Table 3.9: PetroChina financial performance ($m), 2004–08 40
    Table 3.10: PetroChina business segments performance ($m), 2008 42
    Table 4.11: PETRONAS snapshot 48
    Table 4.12: PETRONAS' exploration and production metrics (mboe), 2007–08 50
    Table 4.13: PETRONAS financial performance ($m), 2004–08 52
    Table 4.14: PETRONAS business segments performance ($m), 2008 53
    Table 5.15: Sinopec snapshot 58
    Table 5.16: Sinopec's exploration and production metrics (mboe), 2007–08 60
    Table 5.17: Sinopec financial performance ($m), 2004–08 62
    Table 5.18: Sinopec business segments performance ($m), 2008 63
    Table 6.19: ONGC snapshot 66
    Table 6.20: ONGC's exploration and production metrics (mboe), 2007–08 68
    Table 6.21: ONGC financial performance ($m), 2004–08 69
    Table 6.22: ONGC business segments performance ($m), 2008 71
    Table 7.23: CNOOC snapshot 76
    Table 7.24: CNOOC's exploration and production metrics (mboe), 2007–08 77
    Table 7.25: CNOOC financial performance ($m), 2004–08 79
    Table 7.26: CNOOC business segments performance ($m), 2008 80
    Table 8.27: PTT snapshot 84
    Table 8.28: PTT's exploration and production metrics (mboe), 2007–08 86
    Table 8.29: PTT financial performance ($m), 2006–08 88
    Table 8.30: PTT business segments performance ($m), 2008 89
    Table 9.31: INPEX snapshot 94
    Table 9.32: INPEX's exploration and production metrics (mboe), 2007–08 96
    Table 9.33: INPEX financial performance ($m), 2006–08 97
    Table 10.34: BHP Billiton snapshot 102
    Table 10.35: BHP Billiton exploration and production metrics (mboe), 2007–08 104
    Table 10.36: BHP Billiton financial performance ($m), 2004–08 106
    Table 10.37: BHP Billiton business segments performance ($m), 2008 107
    Table 11.38: Woodside snapshot 112
    Table 11.39: Woodside's exploration and production metrics (mboe), 2007–08 115
    Table 11.40: Woodside financial performance ($m), 2004–08 116
    Table 11.41: Woodside business segments performance ($m), 2008 117
    Table 12.42: Santos snapshot 122
    Table 12.43: Santos' exploration and production metrics (mboe), 2007–08 124
    Table 12.44: Santos financial performance ($m), 2004–08 125
    Table 12.45: Santos business segments performance ($m), 2008 126
    Table 13.46: Cosmo Oil snapshot 130
    Table 13.47: Cosmo Oil exploration and production metrics (mboe), 2007–08 131
    Table 13.48: Cosmo Oil financial performance ($m), 2004–08 132
    Table 13.49: Essar Oil snapshot 134
    Table 13.50: Essar Oil exploration and production metrics (mboe), 2007–08 135
    Table 13.51: Essar Oil financial performance ($m), 2004–08 136
    Table 13.52: GAIL (India) snapshot 137
    Table 13.53: GAIL (India) exploration and production metrics (mboe), 2007–08 138
    Table 13.54: GAIL (India) financial performance ($m), 2004–08 139
    Table 13.55: GSPC snapshot 140
    Table 13.56: GSPC exploration and production metrics (mboe), 2007–08 141
    Table 13.57: GSPC financial performance ($m), 2004–07 142
    Table 13.58: MedcoEnergy snapshot 143
    Table 13.59: MedcoEnergy exploration and production metrics (mboe), 2007–08 144
    Table 13.60: MedcoEnergy financial performance ($m), 2004–08 144
    Table 13.61: Nippon Oil snapshot 146
    Table 13.62: Nippon Oil exploration and production metrics (mboe), 2007–08 147
    Table 13.63: Nippon Oil financial performance ($m), 2004–08 148
    Table 13.64: Oil India snapshot 149
    Table 13.65: Oil India exploration and production metrics (mboe), 2007–08 150
    Table 13.66: Oil India financial performance ($m), 2004–08 151
    Table 13.67: Origin Energy snapshot 152
    Table 13.68: Origin Energy exploration and production metrics (mboe), 2007–08 153
    Table 13.69: Origin Energy financial performance ($m), 2004–08 154
    Table 13.70: Reliance Industries snapshot 155
    Table 13.71: Reliance Industries exploration and production metrics (mboe), 2007–08 156
    Table 13.72: Reliance Industries financial performance ($m), 2004–08 157
    Table 13.73: Singapore Petroleum snapshot 159
    Table 13.74: Singapore Petroleum exploration and production metrics (mboe), 2007–08 160
    Table 13.75: Singapore Petroleum financial performance ($m), 2004–08 161

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