The Oil and Gas Drilling industry in China has been growing 3.3% annually over the past five years, but year on year growth has been volatile. Demand for crude oil and natural gas drove strong growth of over 30.0% in 2010 and 2011. However, since then, growth in China's economy has been slowing down, which has led to a decline in the domestic crude oil price.
The Oil and Gas Drilling industry operates oil and gas fields. Activities include the exploration for crude oil and natural gas; drilling, completing and equipping wells; and other activities to make crude oil and natural gas marketable, to the point of shipment from the producing property. This industry also includes mining and extracting oil from oil shale and oil sands and the production of liquid hydrocarbons and natural gas.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.