China National Petroleum Corporation: SWOT Analysis & Company Profile by BusinessReview

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									China National Petroleum Corporation

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China National Petroleum Corporation:
SWOT Analysis & Company Profile


Reference code: BRAE001CP10-Q4

Published: Jun 2010




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China National Petroleum Corporation - SWOT Profile                                Page 1
China National Petroleum Corporation

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China National Petroleum Corporation - Company Overview

China National Petroleum Corporation (CNPC) is one of China's leading oil and gas producers and suppliers, and one of
world's major oilfield service providers. It is engaged in crude oil and natural gas exploration and production, refining and
chemicals, oil products sales and marketing, storage and pipeline transportation, oil and gas trading, oil and gas field
engineering and technical services, petroleum materials and equipment manufacturing and supply. The company
expertise in the areas of development, refining, geophysical prospecting, well drilling, well logging, mud logging,
production testing, down-hole operations, engineering, and construction. It owns and operates crude oil and natural gas
pipelines. Apart from this, the company is involved in the construction of petrochemical units, nitrogen fertilizers plants,
EPCM project, crude and natural gas pipelines, natural gas compression stations, oil and gas processing facilities, power
station and offshore terminal of crude pipeline, gas condense refinery, and water pump stations, as well as offshore risk
exploration projects. It provides oilfield services and engineering construction in 49 countries across the world. CNPC is
head quartered in Beijing, China.




China National Petroleum Corporation - Key Facts

China National Petroleum Corporation, Key Facts

                                  9 Dongzhimen North Street,
                                                                    Ticker Symbol, Stock
Corporate Address:                Beijing, , 100007, China
                                                                                                   N/A
                                                                    Exchange



Telephone                         + 86 10 62094114                  No. of Employees               1,000,000



Fax                               + 86 10 62094205                  Financial Year End             December



URL                               www.cnpc.com.cn                   Revenue (in CNY Million)       1,218,278.09


                                  Energy and Utilities , Alternative
Industry                          Energy
                                                                     Revenue (in USD Million)      178,110.83

                                  Azerbaijan, China, Indonesia, Kazakhstan, Mongolia, Myanmar, Thailand, Turkmenistan, Uzbekistan,
                                  Russian Federation, Algeria, Chad, Equatorial Guinea, Iran (Islamic Republic of Iran), Libyan Arab
Locations                         Jamahiriya, Mauritania, Niger, Nigeria, Oman, Sudan, Syrian Arab Republic, Tunisia, Canada, United
                                  States, Ecuador, Peru, Venezuela
Source: Annual Report, Company Website, Primary and Secondary Research




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China National Petroleum Corporation - SWOT Profile                                                                       Page 2
China National Petroleum Corporation

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China National Petroleum Corporation - Business Description

China National Petroleum Corporation (CNPC) is an integrated energy company engaged in the exploration and
production of crude oil and natural gas, field engineering and technical services, petrochemical products, and equipment
manufacturing and sales. It is also involved in refining and chemicals; oil products sales and marketing, storage and
pipeline transportation, oil and gas trading, oil and gas field engineering and technical services, petroleum materials and
equipment manufacturing and supply. CNPC employs around 1,000,000 people.

The company’s reportable business segments include Exploration and Production, Natural Gas and Pipelines, Refining
and Chemicals, Marketing, Overseas Oil and Gas Operations, International Trade, Technical services and Engineering &
Construction and Petroleum Equipment Manufacturing.

The company’s recoverable oil reserves amounted to 3 billion metric tons (bmt) and the gas reserves were 2,674.3 billion
cubic meters. Its total crude oil and natural gas production was 57.06% and 79.5% of China's total output.

The company's Exploration and Production segment includes crude oil and natural gas exploration activities. The CNPC’s
production division includes production activities for crude oil and natural gas. Further, the company has exploration and
production projects in China and 29 other countries, including operations in Azerbaijan, Canada, Indonesia, Myanmar,
Oman, Peru, Sudan, Syria, Thailand, Turkmenistan, and Venezuela.

CNPC’s Natural Gas and Pipelines segment plays a major role in China. As of December 31 2009, the company’s total
pipeline mileage in operation totaled 50,652 km in length, of which crude pipelines were 13,189 km, natural gas pipelines
were 28,595 km, refined products pipelines were 8,868 km.

The company’s Refining and Chemicals segment refined 125.12 million metric tons (mmt) during the financial year 2009
and its refined products output reached 80.45 mmt, out of which gasoline was 25.82 mmt, kerosene was 3.64 mmt, and
diesel was 50.99 mmt. Refining facilities had a utilization rate of over 90.60% during 2009. The company’s Marketing
segment markets refined products. During 2009, this segment sold a total of 88.45 million metric tons of refined products.

Across Africa, the company has oil and gas interests in Sudan, Algeria, Chad, Niger, Mauritania, Libya, Nigeria, Tunis,
Equatorial Guinea, and the Central African Republic. It manages oil and gas investments in Kazakhstan, Turkmenistan,
Uzbekistan, Azerbaijan and Russia. In Middle East, it manages oil and gas joint businesses in Iran, Oman, Syria, and
Iraq. Across Asia & Pacific, the company has oil and gas investments in Indonesia, Myanmar, Thailand, and Mongolia.

The company’s International Trade business recorded 153 million tons in volume terms and USD 65.94 billion in value
terms in 2009. It promoted activities such as domestic and international processing, exchange transactions and
international re-exportation. The company exported drilling rigs, slurry pumps, oil pumps, submersible pumps, line pipes
and special tubes to North and South America, and the Middle East.

CNPC’s Technical Services segment includes well drilling and well logging. As of December 2009, the company owned
1,009 drilling rigs, 188 seismic crews and 644 logging crews. The company has deployed 186 drilling and servicing rigs in
overseas operations. These rigs drilled 1,330 wells in 29 countries, which comprised Sudan, Kazakhstan, Pakistan
Venezuela and the US. The company conducted the well logging in the overseas market, which includes Niger,
Mauritania, Ecuador, Ethiopia and Chad. Moreover, in 2009, the company has 1,892 downhole operation crews providing
operations and services including fracturing and acidizing, well maintenance, overhaul and sidetrack drilling.

The company through its Petroleum Equipment Manufacturing segment manufactures drilling rig, recovery equipment,
steel pipes and power units. In 2009, it produced 86 onshore drilling rigs, 11,702 pumping units, 2.23 million metric tons of
line pipes and 2,187 internal combustion engines.

The company has oil and gas assets and interests in 30 countries across Africa, Middle East, Central Asia-Russia, Asia-
Pacific and South America. It offers oilfield services and enginee
								
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