中國上游油氣產業：市場佔有率分析、產業趨勢與統計及成長預測（2026-2031年）

2025年中國上游油氣市場規模為776.9億美元，預計到2031年將達到1045.7億美元，而2026年為816.3億美元，預測期內（2026-2031年）複合年成長率為5.08%。

本報告按部署區域（陸上和海上）、資源類型（原油和天然氣）、油井類型（傳統型和傳統型）以及服務（探勘、開發和生產以及退役）進行細分。市場規模和預測均以美元計價。

中國上游油氣市場趨勢與分析

發現新的超深油氣天然氣田

在深度超過6000公尺的地質構造中取得的大規模發現，促使人們重新評估中國上游油氣市場的前景。中國石油天然氣集團公司（中石油）位於塔里木盆地的富滿油田，一口井深達8,400米，日產量達到2,000桶，展現了超深層儲存的商業性獲利能力潛力。四川省安岳天然氣田在2024年新增探明蘊藏量5,000億立方米，成為中國最大的傳統天然氣資產。這些發現預計在2030年前將中國的天然氣進口依賴度降低近十倍，同時也將高壓鑽井技術輸出到海外市場。監管方面的推動作用也十分顯著。 2024年，中國西部地區開放了15個探勘區塊，預示在預測期內，資源開發將進一步推進。設備供應商正受惠於對高性能鑽機需求的增加，地方政府也期待新的特許權使用費收入能促進當地經濟發展。

中國國有石油公司正在擴大對上游領域的投資。

2024年，為保護供應鏈免受地緣政治衝擊，國營石油公司（NOC）的資本投資大幅成長。中石化上游投資成長15%，達到380億美元，用於投資生產技術和數位基礎設施的試點計畫。中國海洋石油總公司（中海油）在南海和渤海灣的深海項目上投資220億美元，凸顯了其在海上油氣領域的成長雄心。 2024年核准的總額達950億美元的國家計畫進一步顯示了政府對擴大國內產量的政策支持。成本控制也得到改善，透過引入標準化鑽探平臺和模組化地面設施，每桶開發成本降低了高達18%。現金流的增加正在加速再投資週期，鞏固中國上游油氣市場的成長模式。

價格波動和歐佩克+的供應措施

原油價格波動為預算編制帶來不確定性，導致最終投資決策延遲，並給自由現金流帶來壓力。歐佩克+在2024年下半年的減產措施將布蘭特原油價格推高至接近每桶95美元，雖然增加了收入，但也壓縮了國內煉油利潤。深海工程仍面臨挑戰；12個開發案正等待油價穩定在每桶70美元以上。中國國營石油公司對其40%至60%的產量進行避險，但由於衍生性商品市場尚不成熟，避險的效果有限。為緩解衝擊，監管機構規定國內原油最低價格為每桶60美元，減輕了對高成本資產的影響。儘管如此，週期性不確定性仍抑制著對前沿油氣開發的投資，導致中國上游油氣市場採取謹慎的資本配置策略。

細分市場分析

至2025年，陸上油氣資產將佔中國上游油氣市場佔有率的63.02%。這得歸功於完善的基礎設施和平均每桶35-45美元的低開採成本。大慶和遼河的高產技術試點計畫延長了高峰期，而集輸系統的現代化則降低了損耗。同時，隨著深海技術的成熟和政策制定者對能源多元化的推動，預計到2031年，海上油氣產業將保持強勁成長，年複合成長率達5.92%。中海油渤中19-6冷凝油油田在1500公尺水深條件下也展現出經濟可行性，促使中海油在整個渤海灣開展追蹤探勘計畫。數位化監測和無人平台的引入使海上油氣產業的營運成本降低了25%，縮小了與陸上油田長期存在的成本差距，並提高了專案核准率。

在中國上游油氣市場，海上區塊目前被視為大規模油氣探勘的主要前線陣地。 2024年新分配的八個區塊覆蓋了南海2.5萬平方公裡的廣闊區域，前景十分可觀。浮體式生產儲卸油船（FPSO）的廣泛應用將避免長距離海底管線連接，縮短首次產油時間。同時，陸上作業正致力於現有設施的數位化改造，並注入化學藥劑以緩解產量下降。在整個預測期內，將形成均衡的資本配置：成熟的陸上資產提供低風險現金流，而海上專案則推動產量成長，從而支撐中國上游油氣市場的整體擴張。

2025年，原油將佔中國上游油氣市場的56.15%。這主要得益於煉油企業依賴國產低硫原油最佳化運轉率。大慶和勝利油田的二氧化碳注入使採收率提高了12%至15%，並延長了油田的壽命。天然氣是成長的明顯支柱，到2031年年複合成長率（CAGR）將達到5.74%，這反映了政府致力於提高天然氣在國家初級能源結構中佔比的政策。 2024年，「西氣東輸管」新增輸送量150億立方米，新疆塔里木盆地的天然氣產量開始取代沿海地區的液化天然氣進口。四川和鄂爾多斯頁岩氣和緻密氣的新增供應將滿足40%的新增供應，滿足城市燃氣和石化產品日益成長的需求。

環保法規優先發展天然氣而非煤炭，這提高了價格透明度，並鼓勵對上游領域的投資。通往中亞的跨境管道項目，使得過剩天然氣得以回流，這對營運商來說也是一大利好。從長遠來看，多元化的資源結構有助於實現能源安全目標，並降低中國上游油氣市場受原油市場波動的影響。然而，液體燃料對於國內煉油廠和石化聯合企業仍然至關重要，這確保了油氣資產組合的資本配置平衡。

其他好處：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章：引言

• 研究假設和市場定義
• 調查範圍

第2章：調查方法

第3章執行摘要

第4章 市場狀況

• 市場概覽
• 市場促進因素
  • 在四川塔里木盆地發現新的超深油氣天然氣田
  • 中國國營石油公司加大對上游領域的投資
  • 政府為保障能源安全和進口替代所做的努力
  • 透過整合二氧化碳驅油和碳捕集與封存技術提高油田獲利能力
  • 數位化鑽井和人工智慧驅動的油井最佳化程序
• 市場限制因素
  • 價格波動與歐佩克+供應措施
  • 加強國內甲烷排放法規
  • 地震多發盆地抗震安全面臨的限制因素
  • 中國西北乾旱地區水力壓裂水短缺
• 供應鏈分析
• 技術展望
• 監理情勢
• 原油產量和消費量預測
• 天然氣生產與消費預測
• 非傳統資源（緻密油、油砂、深海油田）資本投資預測
• 波特五力模型
• PESTLE分析

第5章 市場規模與成長預測

• 按部署位置
  • 陸上
  • 離岸
• 按資源類型
  • 原油
  • 天然氣
• 按井類型
  • 傳統的
  • 傳統型
• 按服務
  • 探勘
  • 開發和生產
  • 退休

第6章 競爭情勢

• 市場集中度
• 策略趨勢（併購、聯盟、購電協議）
• 市場佔有率分析（主要公司的市場排名和佔有率）
• 公司簡介
  • China National Petroleum Corporation（CNPC）
  • China Petroleum & Chemical Corporation（Sinopec）
  • China National Offshore Oil Corporation（CNOOC）
  • PetroChina Co. Ltd.
  • ExxonMobil Corporation
  • Chevron Corporation
  • BP plc
  • Shell plc
  • TotalEnergies SE
  • ConocoPhillips Co.
  • Eni SpA
  • Equinor ASA
  • Husky Oil China Ltd.
  • China National United Oil Corp.
  • Yanchang Petroleum Group
  • Shaanxi Yanchang Petroleum（Group）Co. Ltd.
  • Zhejiang Petrochemical Co. Ltd.
  • Sinochem Group
  • OVL（ONGC Videsh Ltd.）
  • Mitsubishi Corporation（Bohai JV）
  • COSL-China Oilfield Services Ltd.

第7章 市場機會與未來展望

According to Mordor Intelligence, the China oil and gas upstream market size was valued at USD 77.69 billion in 2025 and estimated to grow from USD 81.63 billion in 2026 to reach USD 104.57 billion by 2031, at a CAGR of 5.08% during the forecast period (2026-2031).

This report is Segmented by Location of Deployment (Onshore and Offshore), Resource Type (Crude Oil and Natural Gas), Well Type (Conventional and Unconventional), and Service (Exploration, Development and Production, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

China Oil And Gas Upstream Market Trends and Insights

Discovery of New Ultra-Deep Oil & Gas Fields

Large-scale discoveries in formations deeper than 6,000 meters have recalibrated the China oil and gas upstream market outlook. CNPC's Fuman field achieved 2,000 barrels per day from 8,400-meter wells in the Tarim Basin, validating commercial recovery in extreme-depth reservoirs. Sichuan's Anyue gas field added 500 billion m3 proven reserves in 2024, becoming the country's single-largest unconventional gas asset. Together, these findings could reduce import dependence by nearly one-tenth by 2030, while exporting high-pressure drilling expertise to overseas markets. Regulatory momentum is visible: 15 exploration blocks were opened in Western China in 2024, signaling deeper resource monetization over the forecast horizon. Equipment suppliers benefit from higher-spec rig demand, and regional governments anticipate new royalties that bolster local economies.

Rising Upstream Investment by Chinese NOCs

Capital outlays surged in 2024 as NOCs shield supply chains against geopolitical shocks. Sinopec lifted upstream spending 15% to USD 38 billion, channeling funds into enhanced-recovery pilots and digital infrastructure. CNOOC committed USD 22 billion to deepwater South China Sea and Bohai Bay projects, underscoring offshore growth ambitions. National project approvals worth USD 95 billion in 2024 further underscore policy support for domestic production expansion. Cost discipline is improving: standardized drilling platforms and modular surface facilities are lowering per-barrel development costs by up to 18%. The cash-flow uplift accelerates reinvestment cycles, reinforcing the growth pattern of the Chinese oil and gas upstream market.

Price Volatility & OPEC+ Supply Actions

Oil-price swings create budgeting uncertainty, delay final-investment decisions, and pressure free cash flow. OPEC+ cuts in late-2024 lifted Brent toward USD 95 per barrel, boosting revenues but tightening domestic refining margins. Deepwater project hurdles remain: 12 developments await price stability above USD 70 per-barrel breakevens. Chinese NOCs hedge 40-60% of their production, yet shallow derivative markets limit their effectiveness. To soften shocks, regulators enforce a USD 60 per-barrel floor for domestic barrels, cushioning high-cost assets. Even so, cyclical uncertainty restrains spending on frontier plays and shapes a measured capital-allocation approach within the China oil and gas upstream market.

Other drivers and restraints analyzed in the detailed report include:

1. Government Push for Energy Security & Import Substitution
2. Digital-Drilling & AI Well-Optimization Programs
3. Stricter National Methane-Emission Regulations

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Onshore assets held 63.02% of the China oil and gas upstream market share in 2025, backed by entrenched infrastructure and lower lifting costs averaging USD 35-45 per barrel. Enhanced-recovery pilots in Daqing and Liaohe prolong plateau output, while revamped gathering systems shrink loss rates. In tandem, the offshore segment is projected to post a robust 5.92% CAGR to 2031 as deepwater technologies mature and policymakers encourage energy diversification. CNOOC's Bozhong 19-6 condensate field proved economically viable at a 1,500-meter water depth and led to follow-up exploration programs across Bohai Bay. Digital monitoring and unmanned platforms are cutting offshore operating costs by 25%, closing the historic cost gap with onshore fields and bolstering project sanction rates.

The Chinese oil and gas upstream market now views offshore acreage as the core frontier for large-scale oil and gas discoveries. Eight new blocks awarded in 2024 span 25,000 km2 of prospective South China Sea acreage. Wider use of floating production storage and offloading (FPSO) units avoids long subsea tie-backs and accelerates first-oil timelines. Meanwhile, onshore operations bank on brownfield digitalization and chemical flooding to arrest decline. Over the forecast period, a balanced capital allocation emerges, with mature land assets providing low-risk cash flow and offshore projects delivering volume growth, thereby sustaining the broader China oil and gas upstream market's expansion.

Crude oil accounted for 56.15% of the Chinese oil and gas upstream market size in 2025, as refiners relied on domestic sweet blends to optimize their run rates. CO2 injection in Daqing and Shengli lifted recovery by 12-15% and extended field life cycles. Gas is the clear growth pillar, registering a 5.74% CAGR through 2031, mirroring government mandates to increase the fuel's share in the national primary energy mix. The West-East Pipeline added 15 billion m3 capacity in 2024, enabling Xinjiang's Tarim output to displace coastal LNG imports. Shale and tight-gas additions in Sichuan and Ordos underpin 40% of the incremental supply, feeding rising city-gas and petrochemical demand.

Environmental regulation prioritizes gas burnout over coal, driving higher pricing transparency that incentivizes upstream investments. Operators also benefit from cross-border pipeline opportunities in Central Asia, which allow for back-hauling surplus volumes. Over the long term, a diversified resource mix underpins security targets and keeps the Chinese oil and gas upstream market less exposed to crude market shocks. Nonetheless, liquids remain indispensable to domestic refineries and petrochemical complexes, ensuring balanced capital allocations between oil and gas portfolios.

Complete Report Scope:

• By Location of Deployment
  • Onshore
  • Offshore
• By Resource Type
  • Crude Oil
  • Natural Gas
• By Well Type
  • Conventional
  • Unconventional
• By Service
  • Exploration
  • Development and Production
  • Decommissioning

List of Companies Covered in this Report:

1. China National Petroleum Corporation (CNPC)
2. China Petroleum & Chemical Corporation (Sinopec)
3. China National Offshore Oil Corporation (CNOOC)
4. PetroChina Co. Ltd.
5. ExxonMobil Corporation
6. Chevron Corporation
7. BP plc
8. Shell plc
9. TotalEnergies SE
10. ConocoPhillips Co.
11. Eni S.p.A.
12. Equinor ASA
13. Husky Oil China Ltd.
14. China National United Oil Corp.
15. Yanchang Petroleum Group
16. Shaanxi Yanchang Petroleum (Group) Co. Ltd.
17. Zhejiang Petrochemical Co. Ltd.
18. Sinochem Group
19. OVL (ONGC Videsh Ltd.)
20. Mitsubishi Corporation (Bohai JV)
21. COSL - China Oilfield Services Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Discovery of new ultra-deep oil & gas fields (Tarim, Sichuan)
  • 4.2.2 Rising upstream investment by Chinese NOCs
  • 4.2.3 Government push for energy-security & import substitution
  • 4.2.4 CO2-EOR & CCS integration improving field economics
  • 4.2.5 Digital-drilling & AI well-optimization programs
• 4.3 Market Restraints
  • 4.3.1 Price volatility & OPEC+ supply actions
  • 4.3.2 Stricter national methane-emission regulations
  • 4.3.3 Seismic-safety curbs in earthquake-prone basins
  • 4.3.4 Water scarcity for fracturing in arid Northwest China
• 4.4 Supply-Chain Analysis
• 4.5 Technological Outlook
• 4.6 Regulatory Landscape
• 4.7 Crude-Oil Production & Consumption Outlook
• 4.8 Natural-Gas Production & Consumption Outlook
• 4.9 Unconventional Resources CAPEX Outlook (tight oil, oil sands, deep-water)
• 4.10 Porter's Five Forces
  • 4.10.1 Threat of New Entrants
  • 4.10.2 Bargaining Power of Suppliers
  • 4.10.3 Bargaining Power of Buyers
  • 4.10.4 Threat of Substitutes
  • 4.10.5 Competitive Rivalry
• 4.11 PESTLE Analysis

5 Market Size & Growth Forecasts

• 5.1 By Location of Deployment
  • 5.1.1 Onshore
  • 5.1.2 Offshore
• 5.2 By Resource Type
  • 5.2.1 Crude Oil
  • 5.2.2 Natural Gas
• 5.3 By Well Type
  • 5.3.1 Conventional
  • 5.3.2 Unconventional
• 5.4 By Service
  • 5.4.1 Exploration
  • 5.4.2 Development and Production
  • 5.4.3 Decommissioning

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 China National Petroleum Corporation (CNPC)
  • 6.4.2 China Petroleum & Chemical Corporation (Sinopec)
  • 6.4.3 China National Offshore Oil Corporation (CNOOC)
  • 6.4.4 PetroChina Co. Ltd.
  • 6.4.5 ExxonMobil Corporation
  • 6.4.6 Chevron Corporation
  • 6.4.7 BP plc
  • 6.4.8 Shell plc
  • 6.4.9 TotalEnergies SE
  • 6.4.10 ConocoPhillips Co.
  • 6.4.11 Eni S.p.A.
  • 6.4.12 Equinor ASA
  • 6.4.13 Husky Oil China Ltd.
  • 6.4.14 China National United Oil Corp.
  • 6.4.15 Yanchang Petroleum Group
  • 6.4.16 Shaanxi Yanchang Petroleum (Group) Co. Ltd.
  • 6.4.17 Zhejiang Petrochemical Co. Ltd.
  • 6.4.18 Sinochem Group
  • 6.4.19 OVL (ONGC Videsh Ltd.)
  • 6.4.20 Mitsubishi Corporation (Bohai JV)
  • 6.4.21 COSL - China Oilfield Services Ltd.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment