Asia National Oil Companies: Overseas Acquisitions To Secure Future Energy Needs

New report "Asia National Oil Companies: OverseasThe Chinese government's recent loan for oil
Acquisitions To Secure Future Energy Needs"agreements have given a big boost to the Chinese
analyzes the Asian National Oil Companies (NOCs) inNOCs allowing them to expand their presence into
respect of their aggressive overseas acquisitions tomajor resource rich countries like Venezuela, Brazil,
secure future energy supplies for the domesticRussia and others. The past two years have also
country. The report details the current structure ofseen an increased number of NOC-NOC partnerships.
Asia's energy sector discussing the reserves,The increased trend of major producing NOCs
production and consumption trends during 2000-2008preferring other NOCs to IOCs for the development of
and providing expected crude oil and natural gasmajor projects will also benefit the Asian national oil
production and consumption forecast till 2020. Thecompanies.
report details the growth of Asian NOCs in terms ofDriven by national priorities, the Asian NOCs will
overall reserves and production and also the increasecontinue to spend aggressively. The overall capital
in international operations. The report also discussesexpenditure of these companies is expected to stand
the role of Asia NOCs in global M&A industry,at approximately $100 billion in 2010.
detailing the major investments in each region acrossScope
the globe. Major growth strategies of the Asian NOCsThe report provides a detailed analysis of Asian
are also discussed. The reports also compares theNational Oil companies' strategies to secure future
major Asian NOCs against the big five IOCs in termsenergy needs of the domestic country. It provides
of various operational parameters. The role of national- An analysis of the Asian energy sector with crude oil
governments in the internationalization of these NOCsand natural gas reserves, production and consumption
in also discussed. The report also provides the majortrends from 2000-2008 and forecasts till 2020
future challenges and planned investments by the- An analysis of the historical growth and major
Asian NOCs during 2010-2015.strategies of Asian national oil companies, detailing the
The Asian national oil companies have become activegrowth in international operations.
players in world oil and gas industry. Driven by the- Details of the role of Asian NOCs in global M&A
growing domestic consumption and limited domesticactivities during 2005-2009, discussing the major
supplies, the Asian NOCs have been aggressivelyinvestments of these NOCs across the globe.
increasing their international operations in order to- An analysis of the role of domestic governments in
secure the domestic countries' future energy supplies.the internationalization of these NOCs.
The Asian NOCs have steadily increased their role in- A comparison of Asian NOCs with the big five
the global M&A activities over the past year withinternational majors in terms of various operational
a number of acquisitions across the globe. Theseparameters. Key companies covered include China
NOCs are looking to expand their overseas operationsNational Petroleum Corporation (CNPC), Petroliam
in order to increase their operations internationally. TheNasional Berhad (Petronas), Oil and Natural Gas
Chinese NOCs have been the most active acquirersCorporation (ONGC), China Petroleum & Chemical
over the past years followed by Korea's KNOC. TheCorporation (Sinopec), China National Offshore Oil
Asian NOCs have together spent almost $49 billionCorporation (CNOOC), and PTT Exploration and
during 2005-09 to acquire oil and gas propertiesProduction.
overseas.- Major future challenges faced by the Asian NOCs.
The domestic governments are also expected to play- The future investment plans and opportunities for the
an important role in the growth of these Asian NOCs.Asian NOCs.