Author Archive

Development Journey and Outlook of Chinese Giant Oilfields

Abstract Over 70% of China’s domestic oil production is obtained from 9 giant oilfields. Understanding the behaviour of these fields is essential to both domestic oil production and future Chinese oil imports. This study utilizes decline curves and depletion rate analysis to create some future production outlooks for the Chinese giant oilfields. We can conclude that China’s future domestic oil production faces a significant challenge caused by maturing and declining giant fields. Evidence also indicates that the extensive use of water flooding and enhanced oil recovery methods may be masking increasing scarcity and may result in even steeper future decline rates than the ones currently being seen. The Chinese petroleum industry has managed to keep many of their giants on a production plateau for many decades. However, nothing can change the eventual onset of decline in oilfields and many of the Chinese giants have already passed their peak production levels. Our results suggest that a considerable drop in oil production from the Chinese giant oilfields can be expected over the next decades.
Date 2014 04
Author Mikael Höök
Publisher Petroleum Exploration and Development
Link http://web.cup.edu.cn/peakoil/document/20100805090257853946.pdf
Attachment
3 Oil & Gas, 3.3 Peak Oil

Sinopec Corporation Annual Report and Accounts 2010

Abstract Capitalizing on China’s steady economic growth, Sinopec Corp. achieved remarkable performance across all businesses and recorded a historical high in operational results despite a challenging operating environment. In 2010, we expanded our resources and markets, optimized operations and enhanced management. In Exploration & Production (“E&P”) business, we accelerated the implementation of our resource strategy, devoted greater efforts in exploration and development and realized continuous increase in reserves and production. Since the official launch of the Sichuan-East China Gas project, our natural gas business has achieved robust growth. In Refining business, we maintained high-load operation, upgraded oil products quality and met the increasing demands from the marketplace. Our Chemicals business took a faster pace to adjust product mix and develop new products and through introducing new capacities and reaping benefits from our centralized sales system, the segment recorded satisfying profit. In Marketing business, we further developed our business by entering new geographic areas, consolidating our existing networks and connections, and rapidly expanding the non-fuel business. We enhanced our ability in global sourcing to ensure crude supply and made a breakthrough in overseas oil and gas business. Our debt structure has also been optimized, thus improving the financial position and asset quality.
Date 2010
Author
Publisher Sinopec Corporation
Link http://english.sinopec.com/download_center/reports/2010/20110328/download/2010AnnualReport.pdf
Attachment
3 Oil & Gas, 3.2 Chinese Oil Companes

Sinopec Group Annual Report 2010

Abstract I would like to thank you for Following our development in the past year and look forward to your continued support and understanding. In the face of a complex business environment in 2010, under the strong leadership of the Chinese government and tremendous support from all aspects, we thoroughly implemented the scientific outlook on development, forged ahead pragmatically and progressively, and hit new highs in all aspects of our business performance amidst the extended crisis.
Date 2010
Author
Publisher Sinopec Group
Link http://www.sinopecgroup.com/english/Pages/AnnualReport2010.pdf
Attachment
3 Oil & Gas, 3.2 Chinese Oil Companes

Value Leading to Excellence, Annual Report 2010

Abstract Dear shareholders, With the year 2010 quietly slipping by, CNOOC Limited has reached another milestone in the course of its development with your care and support. In reporting the Company’s major operating results, I hereby would like to sum it up in two key expressions — “a new era of growth” and “changes in management team”. I will also share with you my thoughts on CNOOC Limited’s future development in another key expression — “value creation as top priority”
Date 2010
Author
Publisher CNOOC Limited
Link http://www.cnoocltd.com/encnoocltd/tzzgx/dqbd/nianbao/images/201147767.pdf
Attachment
3 Oil & Gas, 3.2 Chinese Oil Companes

2011 Strategy Preview Analyst Briefing

Date 2011
Author
Publisher CNOOC Limited
Link http://www.cnoocltd.com/encnoocltd/tzzgx/yjhtjcl/Presentations/images/2011127754.pdf
Attachment
3 Oil & Gas, 3.2 Chinese Oil Companes

Coal Pricing in China: Issues and Reform Strategy

Abstract This study makes an important contribution to our understanding of the magnitude of coal price distortions producers and consumers face in China and how the distortions ripple through the Chinese economy. China has already made an impressive start on reforming its economy. The question of price distortions must now be faced and addressed in order to move the economy to a higher plane of development and efficiency. The author outlines a strategy for gradual price adjustments and liberalization in the coal sector.
Date 1991
Author Albouy, Y.
Publisher
Link http://www-wds.worldbank.org/servlet/WDSContentServer/IW3P/IB/1999/12/23/000178830_98101903545740/Rendered/PDF/multi_page.pdf
Series World Bank, Discussion Papers #138
Attachment
2 Coal, 2.2 Domestic Consumption and International Commerce

Impact of WTO Entry on the International Trade of Coal

Abstract This article reviews the Chinese international coal trade activity in recent years, with a focus on the steam coal market. It then goes on to summarize market factors which will gain importance as China is integrated into the WTO. It examines the current state of information available at the time of writing, in order to analyze China’s practices in the international steam coal sector. It ends with speculation on “the way forward” for Chinese international coal trade. Written 10 years ago, as China was entering the WTO, this article offers important background to understanding the current situation in the Chinese coal sector, and its impact on global coal trade.
Date 2002 10 21
Author Lawrence F. Metzroth
Publisher International Energy Agency
Link ftp://ftp.eia.doe.gov/pub/coal/international/lmpact%20of%20China%27s%20WTO%20Entry.pdf
Attachment
2 Coal, 2.2 Domestic Consumption and International Commerce

Prospects for the Supply and Demand of Coal and Related Coal Transportation Issues in China

Abstract In 2002, China produced 1,390 million tonnes, exported 85 million tonnes, imported 11 million tonnes, and consumed 1,280 million tonnes of coal. The Asian coal market must be seriously affected, and Japan’s stable supply of coal will be severely damaged, if China’s supply and demand status in relation to coal collapses or narrows. In general, the greatest portion of China’s coal reserves is to be found in the northern and western regions, while the areas of demand are primarily located in the eastern and southern regions. Although coal is produced widely in the while country, Shanxi Province is the center of coal production in China, and transports about 200 million tonnes of coal to the areas in demand. Sanxi region (Shanxi Province, Shaanxi Province, and the western part of Inner Mongolia Autonomous Region) is expected to constitute a major supply center for coal in China and the transportation of coal from this region will be a key for the stable supply of coal within the country.  This report reviews China’s prospects for the supply and demand of coal up to 2020 and examines how the transportation of coal from Sanxi region (China’s major coal supply center) will be developed.
Date 2003
Author Sagawa, A.
Publisher Institute of Energy Economics
Link http://eneken.ieej.or.jp/en/data/pdf/220.pdf
Attachment
2 Coal, 2.2 Domestic Consumption and International Commerce

Baseline for Carbon Emissions in the Indian and Chinese Power Sectors: Implications for International Carbon Trading

Abstract The study examines the dynamics of carbon emissions baselines of electricity generation in Indian states and Chinese provinces in the backdrop of ongoing electricity sector reforms in these countries. Two Indian states-Gujarat and Andhra Pradesh, and three Chinese provinces-Guangdong, Liaoning and Hubei have been chosen for detailed analysis to bring out regional variations that are not captured in aggregate country studies. The study finds that fuel mix is the main driver behind the trends exhibited by the carbon baselines in these five cases. The cases confirm that opportunities exist in the Indian and Chinese electricity sectors to lower carbon intensity mainly in the substitution of other fuels for coal and, to a lesser extent, adoption of more efficient and advanced coal-fired generation technology. Overall, the findings suggest that the electricity sectors in India and China are becoming friendlier to the global environment. Disaggregated analysis, detailed and careful industry analysis is essential to establishing a power sector carbon emissions baseline as a reference for CDM crediting. However, considering all the difficulties associated with the baseline issue, our case studies demonstrate that there is merit in examining alternate approaches that rely on more aggregated baselines. Program on Energy and Sustainable Development Working Paper #34, published by Energy Policy.
Date 2005 01
Author Chi Zhang
Publisher Program on Energy and Sustainable Development
Link http://iis-db.stanford.edu/pubs/20798/WP34%2C_14_Jan_05.pdf
Attachment
2 Coal, 2.2 Domestic Consumption and International Commerce

Coal Supply Challenges for China

Date 2007
Author Minchener, A.J.
Publisher International Energy Agency
Link http://www.iea-coal.org/documents/81847/6784/Coal-supply-challenges-for-China
Attachment
2 Coal, 2.2 Domestic Consumption and International Commerce