On November 6, Cnooc Limited (SEHK: 00883) held its forum and global procurement signing ceremony at the ninth China International Import Expo in Shanghai, signing import procurement contracts and cooperation agreements with 20 global suppliers. The total contract value reached a new high, with procurement covering the entire upstream and downstream oil and gas value chain, including crude oil, natural gas, deepwater oil and gas equipment, and advanced technical services, reflecting a continuously optimized and upgraded procurement structure.
Over the nine editions of the Import Expo, Cnooc Limited (SEHK: 00883) has accumulated a total signed contract value exceeding US$100 billion. General Manager Huang Yongzhang stated that this year marks the opening year of China's 15th Five-Year Plan. Standing at a new development starting point, Cnooc Limited (SEHK: 00883) will deepen its focus on the marine energy main business, coordinate key tasks including reserve growth and production increase, technological innovation, green transformation, and digital-intelligent empowerment, and work together with global partners to promote international energy cooperation in a more open, inclusive, mutually beneficial direction, jointly creating a better future for the marine energy and resources industry.
Cnooc Limited (SEHK: 00883) has participated in the Import Expo for nine consecutive years, having reached more than 250 import contracts and cooperation agreements with over 100 global suppliers from more than 30 countries and regions. The Import Expo has become an important platform for the company to deepen practical international energy cooperation. Over the nine years, the company has established three major trade operation centers in Asia-Pacific, Europe, and the Americas, conducting cumulative oil product trading exceeding 1 billion tons and importing over 240 million tons of LNG, making it the world's third-largest and China's largest LNG importer. The company has deeply integrated into the energy cooperation system of the Belt and Road Initiative, achieving important progress in cooperation with international partners in overseas oil and gas exploration and development, refining and chemical project construction, and other areas, with a number of high-end equipment entering the international market.
In the first three quarters of this year, Cnooc Limited (SEHK: 00883) achieved net oil and gas production of 593.7 million barrels of oil equivalent, a year-on-year increase of 2.7%. The company obtained 5 new exploration discoveries and put 9 new projects into production, actively building a safe, efficient, and diversified oil and gas supply system. Cnooc Limited (SEHK: 00883) will continue to promote deep integration of technological innovation and industrial innovation, accelerating its transformation into a comprehensive energy and resources enterprise spanning oil, gas, refining, chemicals, materials, power, hydrogen, carbon, mining, and services. It will thoroughly implement the green development concept, continue to strengthen the natural gas industry chain, and actively develop deep-sea floating wind power, offshore carbon dioxide storage, and other businesses. It will deeply implement the "AI+" initiative, accelerating the construction of intelligent oil and gas fields, intelligent engineering, and intelligent factories. It will actively expand high-level opening-up, continuously elevating the level of cooperation in oilfield services, engineering construction, resource trading, and other fields.
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