Overview:

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

Industry overview

PetroChina

Petroliam Nasional (PETRONAS)

Sinopec

Oil and Natural Gas Corporation (ONGC)

China National Offshore Oil Corporation (CNOOC)

PTT Public Company Limited (PTT)

INPEX

BHP Billiton

Woodside Petroleum (Woodside)

Santos

Chapter 1 Introduction

What is this report about?

Methodology

Chapter 2 Industry overview

Summary

Introduction

Upstream

Focus on developing Asia-Pacific's abundant natural gas reserves

Companies going global to acquire crude oil reserves

Midstream

China strengthened its influence in Central Asia with the laying of a natural

gas pipeline to Turkmenistan

Downstream

Asia-Pacific region poised to drive refinery capacity additions

Competitive landscape

Top 10 Asia-Pacific oil and gas companies based on upstream revenues

Top 10 Asia-Pacific oil and gas companies based on proved reserves

Performance of top 10 oil and gas companies

Chapter 3 PetroChina

Summary

Company overview

Business segments

Exploration and production

Refining and marketing

Chemicals and marketing

Natural gas and pipeline

Recent financial performance

Performance by business segments

Growth strategies

Increased efforts to acquire international upstream assets

To focus on natural gas exploration and development activities

Increased investments in refining

Expands network of oil and gas pipelines

SWOT analysis

Chapter 4 PETRONAS

Summary

Company overview

Business segments

Exploration and production

Oil business

Gas business

Petrochemical business

Logistics and maritime business

Recent financial performance

Performance by business segments

Growth strategies

To build a geographically-balanced international upstream portfolio

To consolidate its position as a leading global LNG player

SWOT analysis

Chapter 5 Sinopec

Summary

Company overview

Business segments

Exploration and production

Refining

Marketing and distribution

Chemicals

Recent financial performance

Performance by business segments

Growth strategies

Plans to increase upstream capacity

Increase refining capacity in key geographic areas near to high demand centers

SWOT analysis

Chapter 6 ONGC

Summary

Company overview

Business segments

Exploration and production

Refining

Recent financial performance

Performance by business segments

Growth strategies

Intensified exploration activity to meet increasing energy demand in India

Aims to improve recovery from matured fields to sustain production

SWOT analysis

Chapter 7 CNOOC

Summary

Company overview

Business segments

Independent operations

Production sharing contracts

Trading business

Recent financial performance

Performance by business segments

Growth strategies

To expand exploration activity to offset anticipated decline in production

Plans strategic investments in natural gas business

SWOT analysis

Chapter 8 PTT

Summary

Company overview

Business segments

Gas business

PTTEP

Oil business

Petrochemicals

Recent financial performance

Performance by business segments

Growth strategies

To expand exploration and production business through acquisition of petroleum fields

Continue to strengthen gas value chain in natural gas and LNG

SWOT analysis

Chapter 9 INPEX

Summary

Company overview

Business segments

Oil and natural gas business

Recent financial performance

Performance by business segments

Growth strategies

Sustainable expansion of exploration and production business

To build a complete natural gas supply chain

To evolve into a diversified energy company

SWOT analysis

Chapter 10 BHP Billiton

Summary

Company overview

Business segments

Petroleum

Aluminum

Base metals

Diamonds and specialty products

Stainless steel materials

Iron ore

Manganese

Metallurgical coal

Energy coal

Recent financial performance

Performance by business segments

Growth strategies

To own and operate long-life and low-cost upstream assets

Curtails production in response to reduced demand

SWOT analysis

Chapter 11 Woodside

Summary

Company overview

Business segments

North West Shelf

Australia

Pluto

US

Recent financial performance

Performance by business segments

Growth strategies

Aims to attain global leadership in LNG

Continues to hold complementary exploration assets outside Australia

SWOT analysis

Chapter 12 Santos

Summary

Company overview

Business segments

Australia

International

Recent financial performance

Performance by business segments

Growth strategies

Developing existing exploration assets in Australia and Asia-Pacific

Investing in LNG to drive growth

SWOT analysis

Chapter 13 The next 10 companies: brief profiles

Cosmo Oil

Company overview

Business segments

Recent financial performance

Essar Oil

Company overview

Business segments

Recent financial performance

GAIL (India)

Company overview

Business segments

Recent financial performance

Gujarat State Petroleum Corporation (GSPC)

Company overview

Business segments

Recent financial performance

MedcoEnergy

Company overview

Business segments

Recent financial performance

Nippon Oil

Company overview

Business segments

Recent financial performance

Oil India

Company overview

Business segments

Recent financial performance

Origin Energy

Company overview

Business segments

Recent financial performance

Reliance Industries

Company overview

Business segments

Recent financial performance

Singapore Petroleum

Company overview

Business segments

Recent financial performance

Appendix

Glossary

Index

List of Figures

Figure 2.1: Asia-Pacific natural gas proved reserves (tcm), 2004-08

Figure 2.2: Performance of top 10 Asia-Pacific oil and gas companies, 2006-08

Figure 3.3: PetroChina financial performance ($m), 2004-08

Figure 3.4: PetroChina SWOT analysis

Figure 4.5: PETRONAS financial performance ($m), 2004-08

Figure 4.6: PETRONAS SWOT analysis

Figure 5.7: Sinopec financial performance ($m), 2004-08

Figure 5.8: Sinopec SWOT analysis

Figure 6.9: ONGC financial performance ($m), 2004-08

Figure 6.10: ONGC SWOT analysis

Figure 7.11: CNOOC financial performance ($m), 2004-08

Figure 7.12: CNOOC SWOT analysis

Figure 8.13: PTT financial performance ($m), 2006-08

Figure 8.14: PTT SWOT analysis

Figure 9.15: INPEX financial performance ($m), 2006-08

Figure 9.16: INPEX SWOT analysis

Figure 10.17: BHP Billiton financial performance ($m), 2004-08

Figure 10.18: BHP Billiton SWOT analysis

Figure 11.19: Woodside financial performance ($m), 2004-08

Figure 11.20: Woodside SWOT analysis

Figure 12.21: Santos financial performance ($m), 2004-08

Figure 12.22: Santos SWOT analysis

Figure 13.23: Cosmo Oil financial performance ($m), 2004-08

Figure 13.24: Essar Oil financial performance ($m), 2004-08

Figure 13.25: GAIL (India) financial performance ($m), 2004-08

Figure 13.26: GSPC financial performance ($m), 2004-07

Figure 13.27: MedcoEnergy financial performance ($m), 2004-08

Figure 13.28: Nippon Oil financial performance ($m), 2004-08

Figure 13.29: Oil India financial performance ($m), 2004-08

Figure 13.30: Origin Energy financial performance ($m), 2004-08

Figure 13.31: Reliance Industries financial performance ($m), 2004-08

Figure 13.32: Singapore Petroleum financial performance ($m), 2004-08

List of Tables

Table 2.1: Asia-Pacific natural gas proved reserves (tcm), 2004-08

Table 2.2: Asia-Pacific LNG liquefaction capacity forecast (mmtpa), 2010-18

Table 2.3: Asia-Pacific crude oil reserves and production ('000 million barrels), 2004-08

Table 2.4: Top 10 Asia-Pacific oil and gas companies based on upstream revenues ($m), 2008

Table 2.5: Top 10 Asia-Pacific oil and gas companies based on proved reserves, 2008

Table 2.6: Performance of top 10 Asia-Pacific oil and gas companies, 2006-08

Table 3.7: PetroChina snapshot

Table 3.8: PetroChina's exploration and production metrics (mboe), 2007-08

Table 3.9: PetroChina financial performance ($m), 2004-08

Table 3.10: PetroChina business segments performance ($m), 2008

Table 4.11: PETRONAS snapshot

Table 4.12: PETRONAS' exploration and production metrics (mboe), 2007-08

Table 4.13: PETRONAS financial performance ($m), 2004-08

Table 4.14: PETRONAS business segments performance ($m), 2008

Table 5.15: Sinopec snapshot

Table 5.16: Sinopec's exploration and production metrics (mboe), 2007-08

Table 5.17: Sinopec financial performance ($m), 2004-08

Table 5.18: Sinopec business segments performance ($m), 2008

Table 6.19: ONGC snapshot

Table 6.20: ONGC's exploration and production metrics (mboe), 2007-08

Table 6.21: ONGC financial performance ($m), 2004-08

Table 6.22: ONGC business segments performance ($m), 2008

Table 7.23: CNOOC snapshot

Table 7.24: CNOOC's exploration and production metrics (mboe), 2007-08

Table 7.25: CNOOC financial performance ($m), 2004-08

Table 7.26: CNOOC business segments performance ($m), 2008

Table 8.27: PTT snapshot

Table 8.28: PTT's exploration and production metrics (mboe), 2007-08

Table 8.29: PTT financial performance ($m), 2006-08

Table 8.30: PTT business segments performance ($m), 2008

Table 9.31: INPEX snapshot

Table 9.32: INPEX's exploration and production metrics (mboe), 2007-08

Table 9.33: INPEX financial performance ($m), 2006-08

Table 10.34: BHP Billiton snapshot

Table 10.35: BHP Billiton exploration and production metrics (mboe), 2007-08

Table 10.36: BHP Billiton financial performance ($m), 2004-08

Table 10.37: BHP Billiton business segments performance ($m), 2008

Table 11.38: Woodside snapshot

Table 11.39: Woodside's exploration and production metrics (mboe), 2007-08

Table 11.40: Woodside financial performance ($m), 2004-08

Table 11.41: Woodside business segments performance ($m), 2008

Table 12.42: Santos snapshot

Table 12.43: Santos' exploration and production metrics (mboe), 2007-08

Table 12.44: Santos financial performance ($m), 2004-08

Table 12.45: Santos business segments performance ($m), 2008

Table 13.46: Cosmo Oil snapshot

Table 13.47: Cosmo Oil exploration and production metrics (mboe), 2007-08

Table 13.48: Cosmo Oil financial performance ($m), 2004-08

Table 13.49: Essar Oil snapshot

Table 13.50: Essar Oil exploration and production metrics (mboe), 2007-08

Table 13.51: Essar Oil financial performance ($m), 2004-08

Table 13.52: GAIL (India) snapshot

Table 13.53: GAIL (India) exploration and production metrics (mboe), 2007-08

Table 13.54: GAIL (India) financial performance ($m), 2004-08

Table 13.55: GSPC snapshot

Table 13.56: GSPC exploration and production metrics (mboe), 2007-08

Table 13.57: GSPC financial performance ($m), 2004-07

Table 13.58: MedcoEnergy snapshot

Table 13.59: MedcoEnergy exploration and production metrics (mboe), 2007-08

Table 13.60: MedcoEnergy financial performance ($m), 2004-08

Table 13.61: Nippon Oil snapshot

Table 13.62: Nippon Oil exploration and production metrics (mboe), 2007-08

Table 13.63: Nippon Oil financial performance ($m), 2004-08

Table 13.64: Oil India snapshot

Table 13.65: Oil India exploration and production metrics (mboe), 2007-08

Table 13.66: Oil India financial performance ($m), 2004-08

Table 13.67: Origin Energy snapshot

Table 13.68: Origin Energy exploration and production metrics (mboe), 2007-08

Table 13.69: Origin Energy financial performance ($m), 2004-08

Table 13.70: Reliance Industries snapshot

Table 13.71: Reliance Industries exploration and production metrics (mboe), 2007-08

Table 13.72: Reliance Industries financial performance ($m), 2004-08

Table 13.73: Singapore Petroleum snapshot

Table 13.74: Singapore Petroleum exploration and production metrics (mboe), 2007-08

Table 13.75: Singapore Petroleum financial performance ($m), 2004-08