China Petroleum & Chemical Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 79 |  Published By: GlobalData | Format: PDF
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Summary

China Petroleum & Chemical Corporation (Sinopec), also known as Sinopec Corp., is a vertically integrated energy and chemical company. Its operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the production, sale, storage and transportation of refinery products, petrochemical products, coal chemical products, synthetic fibre, and other chemical products; and the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies. The company operates as a subsidiary of China Petrochemical Corporation. Sinopec is headquartered in Beijing, China.

China Petroleum & Chemical Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
China Petroleum & Chemical Corporation, Valuation and Financial Data 8
China Petroleum & Chemical Corporation, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
China Petroleum & Chemical Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
China Petroleum & Chemical Corporation, Quarterly E&P Costs Trends 10
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 10
China Petroleum & Chemical Corporation, Quarterly Production Trends 11
China Petroleum & Chemical Corporation, Total Oil and Gas Production 11
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 11
China Petroleum & Chemical Corporation, Crude Oil Production 13
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 13
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 14
China Petroleum & Chemical Corporation, Natural Gas Production 15
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 15
China Petroleum & Chemical Corporation, Valuation and Financial Data, 2012-2016 16
China Petroleum & Chemical Corporation, Share Price Performance, 2012-2016 16
Share Price Performance, 2012-2016 16
Key Valuation Metrics, 2012-2016 18
China Petroleum & Chemical Corporation, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 21
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 24
Crude Oil Production and Reserves By Country/Region, 2012-2016 25
Crude Oil/Liquids Reserve Changes, 2012-2016 27
Natural Gas Production and Reserve 28
Natural Gas Production and Reserve Trend, 2012-2016 28
Natural Gas Production and Reserves, By Country/Region, 2012-2016 29
Natural Gas Reserve Changes, 2012-2016 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 33
China Petroleum & Chemical Corporation, E&P Costs Trends 35
Allocation of the Upstream Capital Expenditure 35
Upstream Capital Expenditure, 2012-2016 35
Exploration and Development Costs, By Country/Region, 2012-2016 36
Oil and Gas Cost Per boe, US$/boe 38
Oil and Gas Cost Per boe, US$/boe, 2012-2016 38
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 40
China Petroleum & Chemical Corporation, Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2012-2016 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 44
China Petroleum & Chemical Corporation, Results of Oil & Gas Operations Trend 46
Oil and Gas Revenue and Expenses 46
Oil and Gas Revenue and Expenses, 2012-2016 46
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 48
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2012-2016 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 54
Oil and Gas Performance Metrics 58
China Petroleum & Chemical Corporation, Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2012-2016 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 60
Well Statistics 63
Producible Oil and Gas Well, 2012-2016 63
Producible Oil and Gas Well, By Country/Region, 2012-2016 64
Exploration and Development Wells Drilled, 2012-2016 69
Recent Developments 71
China Petroleum & Chemical Corporation - Recent Developments 71
Jun 02, 2017: Sibur In Discussions With Chinese On Amur Gas Chemical Plant 71
May 24, 2017: Pertamina Selects Sinopec Unit To Process Iraqi Crude Oil 71
May 24, 2017: Sinopec Commences Work On Natural Gas Storage Facility In Henan, China 71
May 23, 2017: China Issues Third Batch Of General Trade Fuel Export Quotas 71
May 18, 2017: Saudi Aramco Agrees To Build Refinery And Petrochemical Plant In China 71
May 17, 2017: Unipec And Vitol May Win Tender For Fuel Supplies To BPC 71
May 17, 2017: Unipec To Continue Reselling Term LNG Cargoes In 2017 72
May 16, 2017: Alexey Miller Speaks At CNPC's Roundtable On Oil And Gas Cooperation As Part Of Belt And Road Forum 72
May 10, 2017: KPC, Contractor Tiff Blamed For Sh48bn Pipeline Delay 73
Apr 27, 2017: Sinopec Announces 2017 First Quarter Results 73
Appendix 76
Methodology 76
Coverage 76
Secondary Research 76
Primary Research 77
Data Information Sources 77
Company Source 77
SEC/Other Regulatory Filings 77
Other Sources 77
Expert Panel Validation 77
Data Definition 77
Oil and Gas Reserves 77
Units of Measure 78
About GlobalData 79
Disclosure 79
Disclaimer 79

List of Tables
Table 1: China Petroleum & Chemical Corporation, Key Facts 7
Table 2: China Petroleum & Chemical Corporation, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: China Petroleum & Chemical Corporation, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: China Petroleum & Chemical Corporation, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 10
Table 5: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 12
Table 6: China Petroleum & Chemical Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 13
Table 7: China Petroleum & Chemical Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 14
Table 8: China Petroleum & Chemical Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 15
Table 9: China Petroleum & Chemical Corporation, Share Price Performance, 2012-2016 17
Table 10: China Petroleum & Chemical Corporation, Key Valuation Metrics, 2012-2016 18
Table 11: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 20
Table 12: China Petroleum & Chemical Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 22
Table 13: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 23
Table 14: China Petroleum & Chemical Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 24
Table 15: China Petroleum & Chemical Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 26
Table 16: China Petroleum & Chemical Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 27
Table 17: China Petroleum & Chemical Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 28
Table 18: China Petroleum & Chemical Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 30
Table 19: China Petroleum & Chemical Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 31
Table 20: China Petroleum & Chemical Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 32
Table 21: China Petroleum & Chemical Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 34
Table 22: China Petroleum & Chemical Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 35
Table 23: China Petroleum & Chemical Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 37
Table 24: China Petroleum & Chemical Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 39
Table 25: China Petroleum & Chemical Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 40
Table 26: China Petroleum & Chemical Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 42
Table 27: China Petroleum & Chemical Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 45
Table 28: China Petroleum & Chemical Corporation, Revenue and Expenses, US$ mil, 2012-2016 47
Table 29: China Petroleum & Chemical Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 52
Table 30: China Petroleum & Chemical Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 53
Table 31: China Petroleum & Chemical Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 57
Table 32: China Petroleum & Chemical Corporation, Oil and Gas Performance Metrics, 2012-2016 58
Table 33: China Petroleum & Chemical Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Table 34: China Petroleum & Chemical Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 62
Table 35: China Petroleum & Chemical Corporation, Producible Oil and Gas Wells, 2012-2016 63
Table 36: China Petroleum & Chemical Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 68
Table 37: China Petroleum & Chemical Corporation, Exploratory and Developed Wells, 2012-2016 70

List of Figures
Figure 1: China Petroleum & Chemical Corporation, Share Price Performance, CNY/Share, Q4, 2015-Q4, 2016 8
Figure 2: China Petroleum & Chemical Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: China Petroleum & Chemical Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 10
Figure 4: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 11
Figure 5: China Petroleum & Chemical Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 13
Figure 6: China Petroleum & Chemical Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 14
Figure 7: China Petroleum & Chemical Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 15
Figure 8: China Petroleum & Chemical Corporation, Share Price Performance, CNY/Share, 2012-2016 16
Figure 9: China Petroleum & Chemical Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 18
Figure 10: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 19
Figure 11: China Petroleum & Chemical Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 21
Figure 12: China Petroleum & Chemical Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 21
Figure 13: China Petroleum & Chemical Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 23
Figure 14: China Petroleum & Chemical Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 24
Figure 15: China Petroleum & Chemical Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 25
Figure 16: China Petroleum & Chemical Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 25
Figure 17: China Petroleum & Chemical Corporation, Crude Oil Reserve Changes, mmbbl, 2016 27
Figure 18: China Petroleum & Chemical Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 28
Figure 19: China Petroleum & Chemical Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 29
Figure 20: China Petroleum & Chemical Corporation, Gas Production, By Country/Region, bcf, 2012-2016 29
Figure 21: China Petroleum & Chemical Corporation, Natural Gas Reserve Changes, bcf, 2016 31
Figure 22: China Petroleum & Chemical Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 32
Figure 23: China Petroleum & Chemical Corporation, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 24: China Petroleum & Chemical Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 25: China Petroleum & Chemical Corporation, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 34
Figure 26: China Petroleum & Chemical Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 35
Figure 27: China Petroleum & Chemical Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 36
Figure 28: China Petroleum & Chemical Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 36
Figure 29: China Petroleum & Chemical Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 38
Figure 30: China Petroleum & Chemical Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 41
Figure 31: China Petroleum & Chemical Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 44
Figure 32: China Petroleum & Chemical Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 44
Figure 33: China Petroleum & Chemical Corporation, Revenue and Expenses, US$ mil, 2012-2016 46
Figure 34: China Petroleum & Chemical Corporation, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 48
Figure 35: China Petroleum & Chemical Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 48
Figure 36: China Petroleum & Chemical Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 49
Figure 37: China Petroleum & Chemical Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 49
Figure 38: China Petroleum & Chemical Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 50
Figure 39: China Petroleum & Chemical Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 50
Figure 40: China Petroleum & Chemical Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 51
Figure 41: China Petroleum & Chemical Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 53
Figure 42: China Petroleum & Chemical Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2012-2016 54
Figure 43: China Petroleum & Chemical Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 54
Figure 44: China Petroleum & Chemical Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 45: China Petroleum & Chemical Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 46: China Petroleum & Chemical Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 56
Figure 47: China Petroleum & Chemical Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 56
Figure 48: China Petroleum & Chemical Corporation, Oil and Gas Performance Metrics, 2012-2016 58
Figure 49: China Petroleum & Chemical Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Figure 50: China Petroleum & Chemical Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 60
Figure 51: China Petroleum & Chemical Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 60
Figure 52: China Petroleum & Chemical Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 61
Figure 53: China Petroleum & Chemical Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 61
Figure 54: China Petroleum & Chemical Corporation, Producible Oil and Gas Wells, 2012-2016 63
Figure 55: China Petroleum & Chemical Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 64
Figure 56: China Petroleum & Chemical Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 64
Figure 57: China Petroleum & Chemical Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 65
Figure 58: China Petroleum & Chemical Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 65
Figure 59: China Petroleum & Chemical Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 66
Figure 60: China Petroleum & Chemical Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 66
Figure 61: China Petroleum & Chemical Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 67
Figure 62: China Petroleum & Chemical Corporation, Exploratory and Developed Wells, 2012-2016 69


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