CNOOC: 2021 business performance hit the best level in history!

On April 15, China National Offshore Oil Corporation (CNOOC) released the "2021 Sustainability Report of China National Offshore Oil Corporation" (hereinafter referred to as the "Report"
).

According to reports, this year, CNOOC's domestic crude oil production increased to a new high, accounting for about 80% of the total increase in the country for two consecutive years; The profits and taxes paid were 100.
64 billion yuan, and the operating performance hit the best level in
history.

1.
Make every effort to ensure energy supply

CNOOC focused on the "project of increasing reserves and increasing production", and domestic oil and gas reserves and production maintained a strong growth momentum
.

In 2021, the company achieved significant results in offshore oil and gas exploration and development, successfully explored large and medium-sized oil and gas fields such as "Kenli 10-2", and completed 18 key upstream capacity construction projects as scheduled, especially the successful commissioning of the "Deep Sea No.
1" ultra-deep water atmospheric field, marking a historic leap to 1500 meters of ultra-deep water in China's offshore oil and gas development; Bohai Oilfield produced more than 30 million tons of crude oil, becoming the largest crude oil production base in
China.

In 2021, CNOOC will produce 81.
86 million tons of crude oil, 33.
8 billion square meters of natural gas, 37.
22 million tons of processed crude oil, 34.
08 million tons of imported LNG, natural gas supply of 68.
6 billion cubic meters, natural gas power generation of 22.
1 billion kWh, profits and taxes paid 100.
64 billion yuan, operating performance hit the best level in history, domestic crude oil production increased to a new high, accounting for about 80% of the total increase in the country for two consecutive years, which played an important role in helping the steady growth of the national economy.
The status of the main force of increasing reserves and production has become more prominent
.

2.
Explore the path to achieve the dual-carbon target

This year, CNOOC officially launched the carbon neutrality plan, adhering to the concept of green development, and implementing the strategic deployment of carbon peak and carbon neutrality
.

The company will incorporate the double carbon target into the whole process of strategic decision-making and production and operation, prepare a carbon peak carbon neutrality action plan, focus on improving the supply capacity of natural gas, do a solid job in energy conservation and carbon reduction measures, accelerate the cultivation of new energy industries, give play to comparative advantages, promote the integrated development of traditional energy and new energy, and explore the organic integration of
offshore wind and solar power generation and offshore oil and gas production.

In 2021, the company's double-carbon practice has achieved remarkable results, the Bohai Oilfield Shore Power Demonstration Project has been put into operation as scheduled, the first 300,000 kilowatts of offshore wind power project has achieved full-capacity grid-connected power generation, the first megawatt-level distributed photovoltaic power generation project has been successfully connected to the grid, and the first coastal LNG ship filling station and the first oil, gas and electricity integrated energy station in China have been officially put into operation
.

The company implemented 105 energy-saving and emission-reduction renovation projects throughout the year, with a total investment of 450 million yuan, achieving energy saving of 274,000 tons of standard coal, achieving a carbon dioxide emission reduction of 880,000 tons, and the emission of major pollutants showed a downward trend
.

In the future, CNOOC will continue to unswervingly be a green oil and gas field builder, a clean energy supplier, and a green and low-carbon practitioner, and contribute to the construction of a beautiful China
.

3.
Break through key core technologies

CNOOC has placed scientific and technological innovation at the core of the overall development
.
Adhere to the layout of the innovation chain around the industrial chain, implement the innovation-driven strategy, release the action plan for the scientific and technological innovation strong foundation project, and implement new scientific research management mechanisms such as "unveiling the commander", and the supporting role of scientific and technological innovation in the oil and gas industry has been significantly enhanced
.

In 2021, the company's key core technology research has made a series of new breakthroughs, and the "Deep Sea No.
1" ultra-deepwater atmospheric field has successfully achieved 3 world-class innovations, overcome a number of localization problems, and been rated as the top ten national science and technology news and the top ten national heavy tools
of central enterprises.
Three projects, such as rotary guidance and drilling and logging, were selected as the first (set) of major technical equipment demonstration applications
in the national energy field.

The company has opened up new roads in the direction of digitalization and intelligence, and the proportion of unmanned offshore production platforms has exceeded 12.
5%.

The "Qinhuangdao 32-6" intelligent oilfield was fully completed and put into use, and was selected as one of the top ten achievements of the digital transformation of central enterprises in the year, and scientific and technological innovation injected a steady stream of driving force
into the high-quality development of CNOOC.

4.
Realize development sharing

The company uses the CNOOC Public Welfare Foundation as a platform to increase investment
in projects such as precision poverty alleviation, marine protection, and public welfare cooperation.
In 2021, 3 people's livelihood projects and 10 people's livelihood facts at the group level will be fully completed
.
The company has implemented 37 marine protection, poverty alleviation and Tibet assistance and special public welfare projects, and invested 160 million yuan
in public welfare charity funds.

CNOOC continued to consolidate and expand the achievements in poverty alleviation, actively implemented the strategy of rural revitalization, committed to promoting the economic and social development of poverty alleviation areas and the improvement of people's lives, formed a "1+7" assistance model, and embarked on a road
of rural revitalization and assistance with CNOOC characteristics.
The company has won the highest level of "Good" in the assessment of the central designated help work for 4 consecutive years, and won the "China Charity Award"
for 5 times.

In addition, in terms of international cooperation, in 2021, CNOOC will adhere to overseas high-quality exploration and development, and oil and gas production and economic benefits will reach a record high; Adhere to innovation-driven, "Xuanjie" system to form a full-scale equipment system, to achieve overseas large-scale application
.