Title: Research Report on China Oil and Gas 2016
1 Research Report on China Oil and Gas 2016
Market Reports On China
http//www.marketreportsonchina.com
2Summary
China's crude stockpiling will remain strong as
new storage is constantly built, even though the
domestic fuels demand however will moderate
substantially in the coming years. On the
upstream, CNPC's first major tight oil discovery
on the Changqing field marks a milestone for
Chinese technological capabilities as this is the
first unconventional solo discovery by a Chinese
NOC. Applying new technologies to unlock vast
onshore (unconventional) and offshore (deepwater)
resources is the most pertinent upside risk to
our long-term oil and gas production forecast.
However, rising tensions on the South China Sea
will dampen progress for offshore deepwater
exploration. The main trends and developments we
highlight for China's oil and gas sector are We
have slightly revised our oil production forecast
for 2015 to the upside on the back of a stronger
than expected production resurgence from the
offshore Penglai field in Q115.
Scope The report provides in-depth market
analysis, information and insights, including
? A detailed coverage of the travel and
tourism industry in China ? A comprehensive
analysis airlina ? Profile of the top airlines
operating in China
3However, lower oil prices and Chinese company
cuts in oil production targets will still reverse
China's yearly growth in oil production from 2015
onwards. We expect output to fall gradually over
our forecast period from 4.17mn b/d in 2015 to
3.9mn b/d by 2024. The greatest upside to our
10-year oil production forecasts stems from
commercialisation of deepwater and unconventional
resources, which are still in early stages of
exploration.
4Table Of Content
1. Industry View 7 2. Industry Forecast 11 3.
Oil And Gas Reserves 11 4. Oil Supply And Demand
22 5. Gas Supply And Demand 27 6. Refining And
Oil Products Trade 41 7. Key Risks To BMI's
Forecast Scenario 45 8. Industry Risk Reward
Ratings 46
5To view the full Executive Summary and Table of
Contents, please visit Research Report on
China Oil and Gas 2016 Contact Us Market
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