Since 2010, central government has
continuously reformed oil and gas system with issuing a few reform-plans such
ecological civilization system reform plan, mining rights trading system reform
plan, minerals loyalty system reform plan and oil-gas system reform plan. To
execute central governmental policies, the administration of natural resources
has reformed practice on marketized management of China ‘s oil-gas mining
rights and has gained achievements. In order to further deepen the reform, to
activate markets and to boost increasing oil-gas reserve and production so as
to promote China ‘s oil-gas resource guarantee, this paper, based on a
systematic review of marketized management of China ‘s oil-gas mining rights,
summarizes the preliminary achievements gained in the oil-gas mining rights
marketized management reform, and analyzes its new situation and challenges in
diversified oil-gas investing markets, risks investment & market financing,
expected return of investment, key technologies in exploration and development,
oil servicing market and oil-gas exploration rights trading management, and
present a reform plans from six aspects on conducting supportive polices to
attract more investors in oil-gas up-stream market, expanding market financing
channels to share its high-investment-high-risks of oil-gas industry,
constructing the second order market of oil-gas exploration rights trading,
improving oil-gas servicing market to support investors, boosting oil-gas
exploration rights trading system, and unifying one big market which needs
governmental and companies ‘ involvement.