The Top 10 Asia Pacific Oil and Gas Companies - Business Insights

The Top 10 Asia Pacific Oil 

and Gas Companies 

Growth strategies, performance and 

SWOT analysis 

Report Price: $2875 

Publication Date: February 2010 

E N E R G Y

The Top 10 Asia Pacific Oil and Gas Companies 

Growth strategies, performance and SWOT analysis 

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Report overview 

This report profiles the leading oil 

and gas companies in the Asia- 

Pages 163 

Pacific region, with primary focus on 

their exploration and production 

Figures 32 

(upstream) operations. The Asia- 

Pacific oil and gas industry is a 

combination of integrated companies 

Tables 75 

and either upstream or downstream 

“Use this report to 

companies. Typically, upstream 

understand and analyze 

activities involve the exploration, 

growth strategies of the 

development, and production of 

leading oil and gas 

crude oil and natural gas; midstream 

companies in the Asiaactivities 

include transportation of oil 

Pacific region...” 

and natural gas through pipelines and 

tankers; and downstream activities 

include the refining, marketing and 

distribution of petroleum and petrochemical products. 

Provides trends in the Asia-Pacific 

oil and gas industry with focus on 

upstream (exploration and 

production) sector 

Identifies the top 10 Asia-Pacific 

oil and gas players 

Provides proved reserves and 

upstream revenues of leading 

players in 2008 

‘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. 

Company analysis including 

change in key operating metrics



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. 

Operating profit CAGR (2006-08) 

50 

40 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

Santos 

INPEX 

ONGC 

Bubble size = Proved reserves (2008) 

PETRONAS 

Woodside 

Petroleum 

CNOOC 

10 20 30 40 50 

PetroChina 

Sinopec 

Consolidated revenue CAGR (2006-08) 

Figure 2.2: Performance of top 10 Asia-Pacific oil 

and gas companies, 2006-08 

“Companies with predominantly upstream operations 

benefited from record high commodity prices during 2008. 

Operating profits of integrated companies and companies 

with primarily downstream operations were dragged down 

due to decreased refining margins...” 

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INSTANT ACCESS to this report 

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. 

• 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. 

• Understand the major issues affecting the 

Asia-Pacific oil and gas industry.



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. 

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

reserves, 2008 

Company 

Total proved reserves 

(mboe) 

PETRONAS 27,020.0 

PetroChina 21,623.5 

ONGC 5,141.6 

Sinopec 4,024.0 

CNOOC 2,534.3 

Woodside Petroleum 1,703.2 

INPEX 1,609.0 

Reliance Industries 1,427.4 

Santos 1,013.0 

PTT Public Company 944.0 

Source: Company information 

Business Insights Ltd 

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. 

Table 2.5: Top 10 Asia-Pacific oil and gas companies 

based on proved reserves, 2008 

“ The ranking order of the players changes slightly when 

proved reserves of the companies are considered for 

comparison, though national oil companies still 

dominate. PETRONAS took the top position with 

27,020 mboe of proved reserves in 2008. Reliance 

Industries makes it to the top 10 list with 1,427.4 mboe 

of proved reserves...” 

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? 



• What are the weaknesses of the top 10 

players? 

• Who are the top 10 players in the industry in 

the region? 

• What are the growth opportunities for the top 

10 companies? 

• 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?



Table of Contents 



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 to develop 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 




- Oil business 

- Gas business 

- Petrochemical business 

- Logistics and maritime business 



segments 


- To build a geographicallybalanced 

international upstream 

portfolio 

- To consolidate its position as a 

leading global LNG player 


ChAPTER 5 SINOPEC 

• Summary 




- Refining 

- Marketing and distribution 

- Chemicals 



segments 


- Plans to increase upstream 

capacity 

- Increase refining capacity in key 

geographic areas near to high 

demand centers 


ChAPTER 6 ONGC 

• Summary 




- Refining 



segments 


- Intensified exploration activity to 

meet increasing energy demand 

in India 

- Aims to improve recovery from 

matured fields to sustain 

production 


ChAPTER 7 CNOOC 

• Summary 



- Independent operations 

- Production sharing contracts 

- Trading business 



segments 


- To expand exploration activity to 

offset anticipated decline in 

production 

- Plans strategic investments in 

natural gas business







ChAPTER 8 PTT 

• Summary 



- Gas business 

- PTTEP 

- Oil business 

- Petrochemicals 



segments 


- To expand exploration and 

production business through 

acquisition of petroleum fields 

- Continue to strengthen gas 

value chain in natural gas and 

LNG 


ChAPTER 9 INPEx 

• Summary 



- Oil and natural gas business 



segments 


- Sustainable expansion of 

exploration and production 

business 

- To build a complete natural gas 

supply chain 

- To evolve into a diversified 

energy company 


ChAPTER 10 BhP BILLITON 

• Summary 



- Petroleum 

- Aluminum 

- Base metals 

- Diamonds and specialty products 

- Stainless steel materials 

- Iron ore 

- Manganese 

- Metallurgical coal 

- Energy coal 



segments 


- To own and operate long-life 

and low-cost upstream assets 

- Curtails production in response 

to reduced demand 


ChAPTER 11 wOODSIDE 

• Summary 



- North West Shelf 

- Australia 

- Pluto 

- US 



segments 


- Aims to attain global leadership 

in LNG 

- Continues to hold 

complementary exploration 

assets outside Australia 


ChAPTER 12 SANTOS 

• Summary 



- Australia 

- International 



segments 


- Developing existing exploration 

assets in Australia and Asia- 

Pacific 

- Investing in LNG to drive growth 


ChAPTER 13 ThE NExT 10 

COMPANIES: BRIEF 

PROFILES 

• Cosmo Oil 

- Company overview 


- Recent financial performance 

• Essar Oil 




• GAIL (India) 




• Gujarat State Petroleum 

Corporation (GSPC) 




• MedcoEnergy 




• Nippon Oil 




• Oil India 




• Origin Energy 




• Reliance Industries 




• Singapore Petroleum 



- Recent financial performance






ChAPTER 14 APPENDIx 

• Glossary 

• Index 

LIST OF FIGURES 

• Asia-Pacific natural gas proved 

reserves (tcm), 2004–08 

• Performance of top 10 Asia-Pacific 

oil and gas companies, 2006–08 

• PetroChina financial performance 

($m), 2004–08 

• PetroChina SWOT analysis 

• PETRONAS financial performance 

($m), 2004–08 

• PETRONAS SWOT analysis 

• Sinopec financial performance ($m), 

2004–08 

• Sinopec SWOT analysis 

• ONGC financial performance ($m), 

2004–08 

• ONGC SWOT analysis 

• CNOOC financial performance ($m), 

2004–08 

• CNOOC SWOT analysis 

• PTT financial performance ($m), 

2006–08 

• PTT SWOT analysis 

• INPEX financial performance ($m), 

2006–08 

• INPEX SWOT analysis 

• BHP Billiton financial performance 

($m), 2004–08 

• BHP Billiton SWOT analysis 

• Woodside financial performance 

($m), 2004–08 

• Woodside SWOT analysis 

• Santos financial performance ($m), 

2004–08 

• Santos SWOT analysis 

• Cosmo Oil financial performance 

($m), 2004–08 

• Essar Oil financial performance 

($m), 2004–08 

• GAIL (India) financial performance 

($m), 2004–08 

• GSPC financial performance ($m), 

2004–07 

• MedcoEnergy financial performance 

($m), 2004–08 

• Nippon Oil financial performance 

($m), 2004–08 

• Oil India financial performance ($m), 

2004–08 

• Origin Energy financial performance 

($m), 2004–08 

• Reliance Industries financial 

performance ($m), 2004–08 

• Singapore Petroleum financial 


List of Tables 

• Asia-Pacific natural gas proved 

reserves (tcm), 2004–08 

• Asia-Pacific LNG liquefaction 

capacity forecast, 2010–18 

• Asia-Pacific crude oil reserves and 

production ('000 million barrels), 

2004–08 

• Top 10 Asia-Pacific oil and gas 

companies based on upstream 

revenues ($m), 2008 

• Top 10 Asia-Pacific oil and gas 

companies based on proved 

reserves, 2008 

• Performance of top 10 Asia-Pacific 

oil and gas companies, 2006–08 

• PetroChina snapshot 

• PetroChina's exploration and 

production metrics, 2007–08 

• PetroChina financial performance 

($m), 2004–08 

• PetroChina business segments 

performance ($m), 2008 

• PETRONAS snapshot 

• PETRONAS' exploration and 


• PETRONAS financial performance 

($m), 2004–08 

• PETRONAS business segments 


• Sinopec snapshot 

• Sinopec's exploration and 


• Sinopec financial performance ($m), 

2004–08 

• Sinopec business segments 


• ONGC snapshot 

• ONGC's exploration and production 

metrics, 2007–08 

• ONGC financial performance ($m), 

2004–08 

• ONGC business segments 


• CNOOC snapshot 

• CNOOC's exploration and 


• CNOOC financial performance ($m), 

2004–08 

• CNOOC business segments 


• PTT snapshot 

• PTT's exploration and production 


• PTT financial performance ($m), 

2006–08 

• PTT business segments 


• INPEX snapshot 

• INPEX's exploration and production 


• INPEX financial performance ($m), 

2006–08 

• BHP Billiton snapshot 

• BHP Billiton exploration and 


• BHP Billiton financial performance 

($m), 2004–08 

• BHP Billiton business segments 


• Woodside snapshot 

• Woodside's exploration and 


• Woodside financial performance 

($m), 2004–08 

• Woodside business segments 


• Santos snapshot 

• Santos' exploration and production 


• Santos financial performance ($m), 

2004–08




• Santos business segments 


• Cosmo Oil snapshot 

• Cosmo Oil exploration and 


• Cosmo Oil financial performance 

($m), 2004–08 

• Essar Oil snapshot 

• Essar Oil exploration and 


• Essar Oil financial performance 

($m), 2004–08 

• GAIL (India) snapshot 

• GAIL (India) exploration and 


• GAIL (India) financial performance 

($m), 2004–08 

• GSPC snapshot 

• GSPC exploration and production 


• GSPC financial performance ($m), 

2004–07 

• MedcoEnergy snapshot 

• MedcoEnergy exploration and 


• MedcoEnergy financial performance 

($m), 2004–08 

• Nippon Oil snapshot 

• Nippon Oil exploration and 


• Nippon Oil financial performance 

($m), 2004–08 

• Oil India snapshot 

• Oil India exploration and production 


• Oil India financial performance ($m), 

2004–08 

• Origin Energy snapshot 

• Origin Energy exploration and 


• Origin Energy financial performance 

($m), 2004–08 

• Reliance Industries snapshot 

• Reliance Industries exploration and 


• Reliance Industries financial 


• Singapore Petroleum snapshot 

• Singapore Petroleum exploration 

and production metrics, 2007–08 

• Singapore Petroleum financial 



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Top 10 Asia Pacific Oil and Gas Companies 

Growth strategies, performance and 

SWOT analysis 

Pages: 163, Figures:32, Tables:75 

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