At the 8th China International Import Expo, CNOOC signed a procurement agreement with global partners, with a signing amount exceeding 13 billion US dollars, setting a new record for the company's single CIIE signing amount. This contract covers areas such as crude oil, natural gas, deepwater oil and gas equipment, and advanced technology services.

Business performance continues to improve

According to the 2025 interim performance report, CNOOC achieved oil and gas sales revenue of 171.7 billion yuan in the first half of the year, net profit attributable to shareholders of 69.5 billion yuan, and net production of 38.46 million barrels of oil equivalent, a year-on-year increase of 6.1%. The company's main cost control for barrel oil is at $26.94 per barrel of oil equivalent, demonstrating excellent cost management capabilities.

Abundant achievements in energy exploration

In the first half of 2025, CNOOC achieved significant exploration breakthroughs both domestically and internationally, making 5 new discoveries and successfully evaluating 18 oil and gas bearing structures. The Bozhong 26-6 oilfield development project (Phase I) and 10 other oil and gas fields have been successfully put into operation, and the "Deep Sea No.1" ultra deep water atmospheric field is expected to become China's largest offshore gas field. At the same time, the company is actively promoting in the field of new energy, with a green power generation capacity of over 900 million kilowatt hours, and has put into operation China's first CCUS project offshore.

Clear and precise strategic layout

Zhang Chuanjiang, Secretary of the Party Group and Chairman of CNOOC, elaborated on the three major strategic projects for the company's future development at the forum: the project to increase reserves and production, the green development leapfrog project, and the project to strengthen the foundation of scientific and technological innovation. He stated that the company will steadfastly deepen multilateral cooperation, enhance investment levels, strengthen oil and gas exploration and development, and infrastructure construction. Keywords: Central Enterprise News, Central Enterprise Reports

Since the first CIIE, CNOOC has signed import contracts and agreements with over 100 suppliers from more than 30 countries and regions, with a cumulative signing amount exceeding 89 billion US dollars over eight years. Over the past forty years, the company has introduced more than 280 billion yuan of foreign investment, making important contributions to promoting the high-quality development of China's energy industry and deepening international energy cooperation. Editor/Yang Beihua