China National Offshore Oil Announced "Mid-Year Answer": Domestic oil and gas storage on the production plan.

At the mid-2020 working meeting, China National Offshore Oil announced the "mid-year answer": the first half of the main production and operation indicators stable and good, domestic crude oil and natural gas storage and production exceeded the plan, oil and gas production have achieved year-on-year growth, the growth rate of domestic counterparts in the first place.
same time, CNOOC has been rated A-level in the business performance appraisal of the head of the central enterprise for 16 consecutive years, and ranked second in the 2019 central enterprise appraisal ranking.
second half of the epidemic prevention and control and response to low oil prices of the war test continues.
" CNOOC Party Secretary and Chairman stressed that "the whole system of the Group should adhere to the "1534" overall development ideas, go all out to seize the epidemic prevention and control and production and operation of the "double victory", for the decisive victory to build a well-off society in an all-round way, the decisive fight against poverty to contribute to the strength of CNOOC.
oil and gas storage and production over-planned in the face of the sudden outbreak of new crown pneumonia, China National Offshore Oil co-ordinated efforts to promote epidemic prevention and control and resumption of production, achieved phased results.
statistics show that at the end of February, the company's domestic exploration, development and drilling operations all resumed, in early March, the project construction recovery rate reached 100%.
At the same time, China National Offshore Oil actively transferred production of epidemic prevention materials, overtime production of 84 disinfection liquid accumulated 920 tons, nearly 700 tons donated to the outside world;
to Hubei and other key provinces to donate more than 60 million yuan.
In winning the domestic oil and gas storage offensive war, according to Wang Dongjin, since this year, CNOOC has obtained a number of commercial discoveries and potential commercial discoveries in China, the domestic new proven oil and gas geological reserves increased significantly, has completed the "seven-year action plan" annual target of more than 70%.
Among them, the first large-scale reserves of large oil fields found in the northern part of Laizhou Bay in Bohai 6-1, breaking the situation of no commercial oil and gas discoveries in the region for more than 40 years, and the major discovery of Huizhou 26-6 in the eastern waters of the South China Sea is expected to become the first large and medium-sized oil and gas field in the shallow waters of the Pearl River Estuary Basin.
such as the construction of production capacity are progressing smoothly, and the work of drilling wells is at its best in the same period in history by improving the efficiency of production organization.
To speed up a number of key production capacity construction projects, China's first self-installed development of deep-water oil fields - flow flower 16-2 oil field group drilling completion project successfully concluded, more than 100 days ahead of the design, efficiency of up to 17%, for the smooth production of oil fields to lay a solid foundation.
projects, such as the second phase of the Penglai 19-9 oil field development, have been put into safe operation, and the key projects of the oil and gas infrastructure of the four countries undertaken by China National Offshore Oil Corporation are also being promoted on schedule.
, " Wang stressed.
Do everything possible to improve the cost-effectiveness of the international oil price since March, "cliff-edge" decline situation, Chairman Wang proposed that China National Offshore Oil to do a good job in the long-term response to low oil prices, low oil price pressure into deepening reform and innovation, crack the development bottleneck and reduce the cost of efficiency, and strive to turn the crisis into an opportunity to achieve high-quality development under the new situation.
to lean management through strict cost control.
China National Offshore Oil (SNOOC) proposed to reduce the total cost by not less than 10% under the premise of ensuring that domestic investment projects increase over the same period, to promote special actions to reduce the cost of efficiency to achieve a reduction of 5 billion yuan, and to achieve the goal of reducing losses by 5 billion yuan in loss-making corporate governance.
through multi-measure and pressure control production management costs, CNOOC achieved cumulative efficiency of 4 billion yuan in the first half of the year, the company's upstream barrel oil costs hit a new low in nearly 10 years.
to expand sales through the expansion of the market, to the market operation to benefit.
China National Offshore Oil is actively integrated into the national regional development strategy, in May, a total investment of nearly 40 billion yuan of the HNOOC Shell Huizhou Phase III ethylene project settled in Guangdong, Hong Kong, Macao and the Great Bay Area, will give a strong impetus to the construction of world-class petrochemical base.
the first half of this year, China National Offshore Oil has signed a number of strategic cooperation agreements with Guangdong Province, PetroChina, Sinopec and China Shipping to achieve mutual benefit and win-win results through complementary advantages.
same time, China National Offshore Oil Rio Tinto expanded sales, the first half of the cumulative natural gas sales increased by 3% YoY, refined oil exports increased by 31% YoY, total oil trade volume increased by 19% YoY, in order to cope with low oil prices into a strong impetus.
to reform and innovation through bold change.
this year, China's first marine oil and gas development mixed project - Wushi 17-2 oil field group project on-land treatment terminal in Zhanjiang, Guangdong officially started construction, marking the china National Offshore Oil mixed ownership reform is deepening.
through scientific and technological innovation, a number of key core technologies to make new progress.
digital transformation momentum is strong, the first half of the "Sea Oil Mall" orders to trade refined oil, natural gas and other products 58.4 billion yuan.
Through in-depth implementation of the special action to improve the cost-effectiveness, CNOOC in April after experiencing very low oil prices, operating efficiency gradually rebounded, the first half of operating income, net profit in the central enterprises in the forefront, the total profit and net profit in the central enterprise peers ranked first.
Chairman Wang, who continues to inspire talent innovation vitality, said that since this year, despite the double impact of the epidemic and low oil prices, China National Offshore Oil has handed over a good "report card", thanks to China National Offshore Oil over the years to build a lean and efficient talent team, in the strong driving force of talent innovation vitality, cadres and workers have the spirit, fine work, high quality.
Reported that in the fight against the epidemic and the resumption of production process, CNOOC during the Spring Festival system-wide units of more than 50,000 cadres and employees to stick to their posts, more than 120 domestic offshore oil and gas fields and major refineries, LNG receiving stations, fertilizer plants, etc. to maintain normal production, to ensure all kinds of epidemic prevention and production and living materials supply.
Wang Dongjin introduced, through a more scientific assessment of the "baton", more distinct incentives "guidance standards", to train a high-quality, strong ability, good innovation of cadres and staff, to stimulate the innovative vitality of cadres and workers.
, China National Offshore Oil's labor productivity, labor cost profit margin, personnel cost rate and other key indicators are in the forefront of state-owned enterprises.
" group of cadres and employees to carry forward the 'patriotic, bear, struggle, innovation' of the new era of the spirit of offshore oil.
we have full confidence, strength and ability to successfully meet various risk challenges, and promote the company in the crisis to develop new machines, in the change of the situation to start a new situation.
, " said Chairman Wang.
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