股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中石化石油工程技術服務股份有限公司 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600871 | 說明 | 於上海證券交易所 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 13,569,378,551 RMB | | 1 | RMB | | 13,569,378,551 | | 增加 / 減少 (-) | | | -22,366,200 | | | RMB | | -22,366,200 | | 本月底結存 | | | 13,547,012,351 RMB | | 1 | RMB | | 1 ...

Group 1 - The U.S. military conducted a large-scale military strike against Venezuela, capturing President Maduro and announcing plans for U.S. oil companies to invest billions in Venezuela's oil infrastructure [1] - Venezuela has the world's largest proven oil reserves at approximately 303 billion barrels, accounting for 17% of global reserves, but its daily oil production is currently below 1 million barrels [2][3] - Venezuela's oil production has sharply declined since 2017 due to U.S. sanctions, dropping from over 2 million barrels per day to around 300,000 barrels per day by 2020 [2] Group 2 - As of November 2025, Venezuela's oil production was 934,000 barrels per day, a month-on-month decrease of 2.3%, with an average annual production of 916,000 barrels per day, reflecting an 8.57% year-on-year increase [2] - In November 2025, Venezuela's oil export volume was 653,000 barrels per day, a month-on-month decrease of 16.71%, with an average annual export volume of 728,000 barrels per day, showing a 10.7% year-on-year increase [3] - The current geopolitical instability between the U.S. and Venezuela is likely to support oil prices in the short term, but ongoing developments need to be monitored [3] Group 3 - Venezuela's oil is primarily heavy and extra-heavy crude, which requires special processing and diluents for transportation and refining, resulting in higher extraction and operational costs compared to conventional light crude [3] - Prior to 2019, Venezuela was a key source of heavy oil for the U.S., but due to sanctions, imports have fallen to less than 100,000 barrels per day in 2025, with Canada and Mexico now being the top suppliers [4] - In 2025, WTI and Brent crude oil prices fell approximately 20% from the beginning of the year, influenced by OPEC+ production increases and oversupply in the oil market [4]

Core Viewpoint - The article discusses the recent military actions by the U.S. against Venezuela, highlighting the potential for U.S. oil companies to invest billions in Venezuelan oil infrastructure, which could significantly impact global oil markets and prices [3]. Group 1: Military Actions and Economic Implications - The U.S. military conducted a large-scale operation against Venezuela, capturing President Maduro and announcing plans to "manage" the country, which includes significant investments in the oil sector [3]. - U.S. oil companies are expected to invest billions to repair oil infrastructure in Venezuela, which has the largest proven oil reserves globally, estimated at 303 billion barrels, accounting for 17% of the world's total [3][4]. Group 2: Current Oil Production and Trends - Venezuela's oil production has drastically declined from over 2 million barrels per day in 2017 to around 930,000 barrels per day in November 2025, reflecting a 2.3% month-on-month decrease [4]. - The average oil production for 2025 was reported at 916,000 barrels per day, showing an 8.57% year-on-year increase, while the average export volume was 728,000 barrels per day, up 10.7% year-on-year [4]. Group 3: Market Reactions and Future Outlook - Oil and gas stocks surged following the news, with companies like Quanzhou Oil and PetroChina seeing significant price increases [3]. - Despite the short-term support for oil prices due to geopolitical instability, analysts caution that the macro environment may not sustain long-term price increases, especially with OPEC+ discussions on restoring production levels [5]. - The article notes that the price of WTI and Brent crude oil has dropped approximately 20% over the year, from $72 and $75 per barrel to $56 and $60, respectively, influenced by OPEC+ production increases and oversupply [5].

Core Viewpoint - The recent military action by the U.S. against Venezuela, including the capture of President Maduro, is expected to lead to significant investments by U.S. oil companies in Venezuela's oil infrastructure, potentially revitalizing the country's oil production and exports [1] Group 1: Venezuela's Oil Production and Exports - Venezuela has proven oil reserves of approximately 303 billion barrels, accounting for 17% of global reserves, but its daily oil production is currently below 1 million barrels, representing less than 1% of global oil production [2] - Venezuela's oil production has sharply declined from over 2 million barrels per day in 2017 to around 300,000 barrels per day in 2020 due to U.S. sanctions during Trump's presidency [2] - As of November 2025, Venezuela's oil production was 934,000 barrels per day, a month-on-month decrease of 2.3%, while the average production for the year was 916,000 barrels per day, reflecting an annual growth of 8.57% [2] Group 2: Export Dynamics - In November 2025, Venezuela's oil export volume was 653,000 barrels per day, a month-on-month decrease of 16.71%, with an average annual export volume of 728,000 barrels per day, showing a year-on-year increase of 10.7% [3] - The geopolitical instability between the U.S. and Venezuela is likely to support oil prices in the short term, but ongoing developments need to be monitored closely [3] Group 3: Market Conditions and Pricing - The oil market is currently facing macroeconomic conditions that do not favor sustained price increases, with discussions within OPEC+ about gradually restoring production, which could lead to a more balanced global supply-demand scenario [3] - The price of WTI and Brent crude oil has dropped approximately 20% from the beginning of 2025, with WTI falling from $72 per barrel to $56 and Brent from $75 to $60 [4] - Venezuela's oil is primarily heavy and extra-heavy crude, which requires special processing and diluents for transportation and refining, resulting in higher extraction and operational costs compared to conventional light crude oil [3]

Group 1 - The "Three Oil Giants" refer to China National Petroleum Corporation (CNPC), Sinopec Limited, and China National Offshore Oil Corporation (CNOOC), which are the main state-owned enterprises in China's oil exploration, extraction, refining, and supply sectors [1] - A total of 35 personnel changes occurred across 9 listed companies controlled by Sinopec, CNPC, and CNOOC, with 6 companies experiencing changes at the chairman, general manager, and vice chairman levels [3] - Sinopec saw significant personnel changes, including the resignation of Chairman Ma Yongsheng and the appointment of Liu Qiang as General Manager and Vice Chairman [4][5] Group 2 - CNPC experienced personnel adjustments with 14 changes across 3 listed companies, including the resignation of Vice Chairman Hou Qijun and President Huang Yongzhang, with Ren Lixin appointed as the new President [13][14] - CNOOC had 4 personnel changes, including the resignation of Chairman Wang Dongjin and the appointment of Zhang Chuanjiang as the new Chairman [20][21] - The personnel changes reflect a broader trend of leadership transitions within major state-owned enterprises in China's oil and gas sector [3][19]

Core Viewpoint - The successful application of the bionic peristaltic drag reduction tool in the drilling of the Chengbei 22H-19 well by Shengli Oil Engineering Company marks a significant advancement in drilling technology, aimed at improving efficiency and reducing costs in offshore drilling operations [1] Group 1: Technology Development - The bionic peristaltic drag reduction tool is a key research project developed by Sinopec Petroleum Engineering Company, inspired by the movement of segmented animals like earthworms to minimize friction in confined spaces [1] - This tool enhances the load transfer efficiency of the drill string, addressing issues related to drag in long horizontal wells and improving mechanical drilling speed [1] Group 2: Operational Impact - The use of the tool resulted in a more than 100% increase in the directional inclination rate compared to the upper wellbore, successfully validating its drag reduction effect [1] - The field test data obtained from this application will provide scientific support for future technological advancements in drilling operations [1]

Core Viewpoint - The successful application of the bionic crawling resistance reduction tool in drilling operations marks a significant advancement in drilling technology for offshore oil extraction, enhancing efficiency and reducing costs [1] Group 1: Technology Development - The bionic crawling resistance reduction tool was developed as a key research project by Sinopec Petroleum Engineering Company [1] - The tool mimics the movement of segmented animals like earthworms to optimize friction reduction in narrow spaces, thereby improving load transfer efficiency during drilling [1] Group 2: Operational Success - The tool was successfully tested in the Chengbei 22H-19 well, achieving drilling from 2771 meters to 3189 meters [1] - The directional inclination rate improved by over 100% compared to the upper wellbore, validating the tool's effectiveness in reducing directional resistance [1] Group 3: Economic Impact - The application of this tool is expected to enhance mechanical drilling speed, shorten well construction periods, and reduce drilling costs significantly [1] - The field test data will provide scientific support for future technological advancements in drilling operations [1]

Market Overview - The oil service engineering sector experienced a slight decline of 0.08% on December 29, with Huibo leading the drop [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Stock Performance - Notable stock performances in the oil service engineering sector included: - Zhongman Petroleum (603619) closed at 23.12, up 1.05% with a trading volume of 100,500 shares and a turnover of 233 million yuan [1] - Bomaike (603727) closed at 14.04, up 0.79% with a trading volume of 18,500 shares [1] - Tongyuan Petroleum (300164) closed at 5.57, up 0.54% with a trading volume of 741,800 shares and a turnover of 414 million yuan [1] - Huibo (002554) closed at 3.29, down 2.95% with a trading volume of 311,500 shares and a turnover of 103 million yuan [2] Capital Flow - The oil service engineering sector saw a net inflow of 4.147 million yuan from institutional investors, while retail investors experienced a net outflow of 1.2712 million yuan [2][3] - The capital flow for specific stocks included: - Zhongman Petroleum had a net inflow of 27.1129 million yuan from institutional investors, but a net outflow of 34.9077 million yuan from retail investors [3] - Tongyuan Petroleum had a net inflow of 25.8586 million yuan from institutional investors, with a net outflow of 44.3007 million yuan from retail investors [3] - Huibo experienced a significant net outflow of 30.448 million yuan from retail investors [3]

Group 1 - The stock price of Sinopec Oilfield Service increased by 2.29% on December 29, reaching 2.23 CNY per share, with a trading volume of 1.10 billion CNY and a market capitalization of 42.274 billion CNY [1] - Year-to-date, the stock price has risen by 9.31%, with a 2.76% increase over the last five trading days, a 5.11% decrease over the last 20 days, and an 8.25% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on November 12, where it recorded a net purchase of 19.8666 million CNY [1] Group 2 - Sinopec Oilfield Service, established on November 21, 1994, and listed on April 11, 1995, specializes in engineering and technical services for oil and gas exploration and development [2] - The company's revenue composition includes drilling (49.10%), engineering construction (23.37%), special downhole operations (13.87%), geophysics (4.89%), logging (4.67%), and other services (2.99%) [2] - As of September 30, 2025, the company reported a revenue of 55.163 billion CNY, a year-on-year increase of 0.51%, and a net profit attributable to shareholders of 669 million CNY, a year-on-year decrease of 1.05% [2] Group 3 - Sinopec Oilfield Service has distributed a total of 2.084 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 95.692 million shares, an increase of 43.2551 million shares from the previous period [3]

化学剂是保障油气田勘探开发高效、安全、环保运行的关键"血液"，其供应链的稳定与健康，直接关系 到石油工程企业的生产效益与安全。 今年以来，胜利石油工程公司物资管理中心扛牢"服务保障、降本增效、防控风险"核心职责，以精益化 管理为牵引，以管理创新为驱动，以产业协同为纽带，在价格管控、库存优化、内部产品推广等重点领 域持续攻坚，推动油田化学剂供应链建设实现系统性跃升，为高质量发展注入了新动能。 大众新闻记者 顾松 通讯员 赵洪刚 周静 建立动态调价机制 构筑成本管控"防火墙" 油田化学剂是生产建设中的消耗大户，其价格频繁波动与区域差异，曾是成本管控的突出挑战。 "过去的价格联动不够精准，成本覆盖也不全面，调价往往滞后于市场变化。"物资管理中心经理陶学全 说，攻坚小组引入行业先进计价模型，系统构建了融合主要原料成本、合理加工费、运输成本及适度利 润等多维度的科学计价公式体系。 同时，他们配套建立了清晰的价格动态调整机制，明确各类成本要素波动触发调价的具体条件与执行标 准，实现了从"固定价格、事后核算"到"动态响应、过程管控"的根本性转变。 实践证明，这一机制显著提升了价格管控的精准性与时效性，有效解决市场异常波动带 ...