China Oilfield Service Industry Report, 2010-2011
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With the rapidly growing demand of oil and gas at home in recent years, supply shortage is increasingly severe in China. Oil demand and output of China reached 455 million tons and 203 million tons respectively, with a supply and demand gap of 252 million tons and over 50% external dependency.

Output and Demand of Oil in China, 2003-2010 (Unit: mln tons)
 201107034.gif
Source: ResearchInChina

Although the gap between oil gas supply and demand widens, it does not indicate that the exploitation of energy resources has exhausted in domestic China. It is the exploration equipment, services and so forth that caused the lower proven rate and low recover recovery ratio of oilfields.

In terms of the oil proved rate, it is only 33.7% on average in China, less than half of the world level. Especially for offshore oil, its proved rate in China is even less than 1/3 of the world average. Regarding gas proved rate, it is also less than half of that of the world, a far cry from the proved rate of 70% in America. In respect of recovery ratio of oilfield, for instance, oil output in the eastern region of China presented a downward trend, with recovery ratio of 56% during 9th Five-Year-Plan (1996-2000) down to 28% during 11th Five- Year-Plan (2006-2010). This has put forward a higher request for oilfield service industry in China.

In order to ensure national energy security, three state-owned enterprises including CNPC, Sinopec and CNOOC are constantly increasing their exploration investment. During 2003-2008, the expenses for exploration of the three enterprises continued to grow, with an AAGR of 22.6%. In 2009, being affected by the financial crisis, the costs totaled RMB238.2 billion, a fall of 2.9% YoY. In 2010, the exploration costs of the three enterprises increased by 10.6% YoY and the exploration investment for CNPC, Sinopec and CNOOC was RMB160.89 billion, RMB52.68 billion and RMB49.77 billion, respectively.

Oil gas exploration and production exerts direct effect on market demand for oilfield service. In general, 70%-80% of the exploration investment goes to oilfield service. Therefore, the market size of oilfield service reached at least RMB184.34 billion in 2010 in China, and it is predicted to exceed RMB232.77 billion in 2011.

In China, most of the large-scale oil gas equipment manufacturers and technical service companies are subsidiaries or research institutions subordinated to CNPC, Sinopec and CNOOC, and directly provide products and services to the oilfields of theirs. What’s more, some private firms provide professional services by relying upon their advantages in equipment and products and they occupy certain market shares certain market shares in their respective market segments, take example for the composite perforating service and deflagration fracturing service provided by Tong Oil Tools Co., Ltd., the cutting re-injection unit produced by Yantai Jereh Oilfield Services Group Co., Ltd., and mobile logging service delivered by Lanzhou Haimo Technologies Co., Ltd.
1. Overview of Oilfield Service Industry
1.1 Definition
1.2 Services related to Oil and Gas Development
1.2.1 Exploration
1.2.2 Exploitation
1.2.3 Production

2. Development Environment of Oilfield Service Industry in China and Worldwide
2.1 Worldwide
2.2 China

3. Operation of Oilfield Service Industry
3.1 Development of Oilfield Service Industry Worldwide
3.1.1 Evolution
3.1.2 Market Size
3.2 Development of Oilfield Service Industry in China
3.2.1 Comparison of Oilfield Service in China and Overseas Countries
3.2.2 Characteristic of Oilfield Service Industry in China
3.2.3 Market Size
3.2.4 Competition Pattern
3.2.5 Merger & Acquisition
3.2.6 Prospect
3.3 Market Segments in China
3.3.1 Well Drilling Service
3.3.2 Geophysical Prospecting Service

4. Sectors Related to Oilfield Service 
4.1 Upstream Provision of Equipment
4.2 Downstream Service Demand
4.2.1 Global Projects of Oil Companies
4.2.2 Recovery Ratio of Matured Oilfields

5. Key Enterprises 
5.1 COSL
5.1.1 Profile
5.1.2 Operation
5.1.3 Well Drilling Service
5.1.4 Marine Support Service
5.1.5 Geophysical Prospecting Service
5.1.6 Prospect
5.2 COOEC
5.2.1 Profile
5.2.2 Operation
5.2.3 Ocean Engineering 
5.2.4 Prospect
5.3 LandOcean Energy Services
5.3.1 Profile
5.3.2 Operation
5.3.3 Prospect
5.4 Sino Geophysical
5.4.1 Profile
5.4.2 Operation
5.4.3 Prospect
5.5 Anton Oilfield Services
5.5.1 Profile
5.5.2 Operation
5.5.3 Prospect
5.6 Tong Oil Tools
5.6.1 Profile
5.6.2 Operation
5.6.3 Overseas Business
5.6.4 Composite Perforating Service
5.6.5 Deflagration fracturing Service
5.6.6 Dynamics
5.7 Xinjiang Zhundong Petroleum Technology
5.7.1 Profile
5.7.2 Operation
5.7.3 Petroleum Technology Service
5.8 Shanghai SK Petroleum & Chemical Equipment
5.8.1 Profile
5.8.2 Operation
5.8.3 Mud Logging Service
5.9 Yantai Jereh Oilfield Services Group
5.9.1 Profile
5.9.2 Operation
5.9.3 Cutting Re-injection 
5.9.4 Prospect
5.10 Lanzhou Haimo Technologies
5.10.1 Profile
5.10.2 Operation
5.10.3 Mobile Logging Service
5.10.4 Well Drilling Service
5.10.5 Prospect
5.11 Oilfield Service Business of CNPC
5.11.1 Xibu Drilling
5.11.2 Greatwall Drilling
5.11.3 Bohai Drilling
5.11.4 Changqing Drilling
5.11.5 BGP
5.12 Oilfield Service Subordinated to Sinopec
Oilfield Services Involved in Oil-gas Exploration
Oilfield Services Involved in Oil-gas Development
Oilfield Services Involved in Oil-gas production
Comparison of OPEC and Non-OPEC Crude Oil Output Decline Rates
Supply and Demand of Crude Oil Worldwide, 2001-2010
Global Capital Expenditure and Growth Rate of Oil & Gas Exploration and Development, 2008-2011E
Supply and Demand of Petroleum in China, 2003-2010
Investment of CNPC, Sinopec and CNOOC in Exploration and Development, 2004-2011E
Development History of Global Oilfield Service Industry
Market Size and YoY Growth of Oilfield Service Worldwide, 2007-2011E
Investment Structure of Oil and Gas Exploration and Development Worldwide, 2010
R&D Expenditure Proportion in Operating Revenue of Main Domestic and Overseas Oilfield Service Companies, 2010
Operating Revenue Breakdown of Main Domestic and Overseas Oilfield Service Companies (by Region), 2010
Distribution of Major Oilfields in China
Oilfield Service Market Size and Growth Rate of Top 3 Oil Companies in China, 2004-2013E
Major Enterprises in Chinese Oilfield Service Industry
External Dependence of Chinese Oil Consumption, 1965-2010
Offshore Oil Proven Rate and Average Proven Rate Comparison between China and the World, 2009
Natural Gas Proven Rate Comparison among China, the USA, and the World, 2009
Market Size and Growth Rate of Well Drilling Service in China, 2000-2009
Competition Pattern of Geophysical Prospecting Industry in China
Market Size of Seismic Data Processing for Oil Exploration in China, 2005-2009
Numbers of Oil and Gas Drilling Equipment Manufacturers in China, 2003-2011Q1
Operating Revenue of Oil and Gas Drilling Equipment in China, 2007-2011Q1
Recovery Ratio of Old Oilfield from “Ninth Five-year Plan” to “Twelfth Five-year Plan”
Statistics of Oil Service Equipment and Offshore Fleets of COSL
Operation Revenue, Net Income and YoY Growth Rate of COSL, 2008-2011Q1
Operating Revenue of COSL by Business, 2008-2010
Gross Margin of COSL by Business, 2008-2010
Operating Indicators of COSL Drilling Services, 2007-2010
Daily Fee of COSL Drilling Ship, 2010
Operating Indicators of COSL Marine Support Services, 2007-2010
Operating Indicators of COSL Geophysical Prospecting Services, 2005-2010
Operation Revenue, Net Income and YoY Growth Rate of COOEC, 2007-2010
Operating Revenue of COOEC by business, 2008-2010
Operating Revenue of COOEC Oceaneering Business, 2007-2010
Operating Revenue of Oceaneering Non-contracting Businesses of COOEC (by Business), 2008-2010
Operating Revenue, Net Income and YoY Growth Rate of Landocean Energy Services, 2007-2010
Operating Revenue of Landocean Energy Services by Business, 2007-2010
Operating Revenue, Gross Margin and YoY Growth Rate of Landocean Energy Services by Business, 2010
Operating Revenue, Gross Margin and YoY Growth Rate of Landocean Energy Services by Region, 2010
Operating Revenue, Net Income and YoY Growth Rate of Sino Geophysical, 2007-2010
Operating Revenue of Sino Geophysical by Region, 2007-2010
Operating Revenue, Net Income and YoY Growth Rate of Anton Oilfield Services, 2007-2010
Operating Revenue Breakdown of Anton Oilfield Services by Business, 2009-2010
Operating Revenue and Total Profit of Tong Oil Tools, 2008-2011Q1
Operating Revenue Breakdown of Tong Oil Tools by Business, 2010
Gross Margin of Tong Oil Tools by Business, 2010
Operating Revenue and YoY Growth Rate of Tong Oil Tools by Region in Domestic China, 2010
Overseas Operating Revenue of Tong Oil Tools, 2007-2010
Overseas Operating Revenue Breakdown of Tong Oil Tools by Region, 2010
Operating Revenue of Composite Perforating Services of Tong Oil Tools, 2010
Operating Revenue, Operating Cost and Gross Margin of Deflagration Fracturing Services of Tong Oil Tools, 2009-2010
Operating Revenue and Total Profit of Xinjiang Zhundong Petroleum Technology, 2008-2011Q1
Operating Revenue Breakdown of Xinjiang Zhundong Petroleum Technology by Business, 2010
Operating Revenue Breakdown of Xinjiang Zhundong Petroleum Technology by Region, 2010
Operating Revenue and Operating Income of Oil Technical Service of Xinjiang Zhundong Petroleum Technology, 2008-2010
Gross Margin of Oil Technical Service of Xinjiang Zhundong Petroleum Technology, 2008-2010
Operating Revenue and Total Profit of Shanghai SK Petroleum & Chemical Equipment, 2008-2011Q1
Operating Revenue Breakdown of Shanghai SK Petroleum & Chemical Equipment by Business, 2008-2010
Operating Revenue Breakdown of Shanghai SK Petroleum & Chemical Equipment by Region, 2010
Operating Revenue, Operating Income and Gross Margin of Technical Service of Shanghai SK Petroleum & Chemical Equipment, 2009-2010
Operating Revenue and Total Profit of Yantai Jereh Oilfield Services, 2008-2011Q1
Operating Revenue of Main Business of Yantai Jereh Oilfield Services, 2008-2010
Operating Revenue Breakdown of Yantai Jereh Oilfield Services by Business, 2008-2010
Gross Margin of Main Business of Yantai Jereh Oilfield Services, 2008-2010
Operating Revenue and Total Profit of Lanzhou Haimo Technologies, 2008-2011Q1
Operating Revenue Breakdown of Lanzhou Haimo Technologies by Business, 2008-2010
Operation Revenue of Lanzhou Haimo Technologies by Region, 2008-2010
Operating Revenue, Operating Cost and Gross Margin of Mobile Logging Services and After-sale  Service of Lanzhou Haimo Technologies, 2008-2010
Operating Revenue, Operating Cost and Gross Margin of Well Drilling Services of Lanzhou Haimo Technologies, 2009-2010

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