Petroleum\Natural Gas Extraction Service

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Last updated: 8 Aug 2011

Petroleum & Natural Gas Extraction Services Industry in China

According to China Petroleum & Natural Gas Extraction Services Industry Profile - the industry research report issued by Zeefer Consulting, Guangdong, Tianjin, Liaoning and Heilongjiang are the major production bases for petroleum & natural gas extraction services industry in China. Shaanxi, Sichuan, Xinjiang, Beijing, Jilin and Henan are the secondary distribution areas for this industry. Xinjiang has most leading petroleum & natural gas extraction services enterprises, and among all top 100 large petroleum & natural gas extraction services enterprises across China, 16 are located in Xinjiang.

In terms of market size, in 2009, petroleum & natural gas extraction services enterprises above designated size achieved a sales revenue of more than USD 15 billion. Tianjin, Sichuan and Henan ranked top 3 in terms of sales revenue, enterprises in these regions engaged in petroleum & natural gas extraction services production achieved a sales revenue of more than USD 9 billion. in all, taking a share of more than 50% of the gross sales revenue from above designated size petroleum & natural gas extraction services enterprises across China. Total assets of enterprises inside petroleum & natural gas extraction services industry exceeded USD 30 billion, a rise of more than 15% on a year-on-year basis. On an annual average, total employees in petroleum & natural gas extraction services industry exceeded 425,000, an increase of more than 15% on a year-on-year basis.

In terms of industry-wide profit, in 2009, a total of more than 45 enterprises suffered a loss, the percentage of loss-incurring enterprises was higher than 25%. On average, the ratio of return on net assets in petroleum & natural gas extraction services industry was higher than -2%.

In terms of market position of foreign enterprises in China, in 2009, there were 8 foreign enterprises above designated size engaged in petroleum & natural gas extraction services production in China, accounting for more than 4% of all petroleum & natural gas extraction services enterprises across China. Foreign enterprises in China petroleum & natural gas extraction services industry achieved a ratio of return on assets of more than 7%, higher than the industry average.

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Full content of China Petroleum & Natural Gas Extraction Services Industry Analysis:
http://www.allchinareports.com/china-energy-industry/oil-gas-industry-analysis/petroleum-natural-gas-extraction-services-industry-in-china.html
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The analyses above are extracted from the industry report: China Petroleum & Natural Gas Extraction Services Industry Profile


Posted: 17 June 2011, last updated 8 August 2011

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