中化新网讯12月5日，以"汇智观能源大势.聚力建海洋强国"为主题的2025海洋能源发展论坛在北京举 办。据中国海油（600938）集团能源经济研究院发布的《中国海洋能源发展报告2025》(以下简称《报 告》)，今年全球海洋油气勘探开发投资预计达2175.5亿美元，占全球油气勘探开发总投资的35.7%，连 续5年保持增长态势，复合年均增速达11%。 《报告》显示，2025年，海洋油气新增探明储量约占全球油气(不含陆上非常规油气)新增储量的79%。 超深水油气勘探发现了3个探明可采储量超5亿桶油当量的大型油气田。 《报告》预计，2026年，全球海洋油气勘探开发投资将同比增长3%以上，占全球油气勘探开发总投资 的36%左右。海洋油气发现继续引领全球油气新增储量增长，占比将超过80%。预计全球海洋石油和天 然气产量均稳步增长，南美洲和中东等地区将成为增产主力。2026年，中国海洋油气产量预计将稳健增 长，海洋石油产量约为6900万吨，海洋天然气产量有望突破320亿立方米。 据《报告》数据，2025年全球海洋油气产量维持近年增长的态势，预计为4912万桶油当量/日，同比增 长4.1%。其中，超深水油气作为全球油气产量的 ...

石化央企迅速行动认真落实会议精神 12月10日至11日中央经济工作会议在北京举行，习近平总书记出席会议并发表重要讲话。连日来，石油 和化工行业认真学习领会会议精神，切实把思想和行动统一到党中央对形势的科学判断和对经济工作的 决策部署上来，以实际行动和工作成效落实好会议精神。 中国石油：提出五点要求 12月12日，中国石油集团党组召开会议，传达学习贯彻中央经济工作会议精神、中央政治局会议精神和 习近平总书记在党外人士座谈会上的重要讲话精神，党组书记、董事长戴厚良主持并提出工作要求。要 深入学习贯彻习近平总书记重要讲话精神和中央经济工作会议精神，坚持稳中求进工作总基调，自觉把 公司发展放到党和国家工作全局中谋划，加快建设世界一流企业。要切实把思想和行动统一到党中央对 经济工作的部署上来，深入领会党中央对经济形势的科学判断，优化完善公司发展策略。要坚决贯彻明 年经济工作部署，落实能源强国建设规划纲要，扎实编制集团公司"十五五"规划。要统筹发展和安全， 加强法治企业建设，系统谋划"十五五"依法合规治企专项规划。要狠抓执行落实，坚决完成全年目标任 务，实现"十四五"圆满收官；精心抓好明年一季度工作落实，确保"十五五"良 ...

来源：新浪证券-红岸工作室 12月15日，中国海油跌0.28%，成交额7.39亿元。两融数据显示，当日中国海油获融资买入额8192.34万 元，融资偿还3600.72万元，融资净买入4591.62万元。截至12月15日，中国海油融资融券余额合计13.57 亿元。 融资方面，中国海油当日融资买入8192.34万元。当前融资余额13.56亿元，占流通市值的1.60%，融资 余额低于近一年10%分位水平，处于低位。 融券方面，中国海油12月15日融券偿还9500.00股，融券卖出2100.00股，按当日收盘价计算，卖出金额 5.95万元；融券余量4.25万股，融券余额120.36万元，低于近一年10%分位水平，处于低位。 资料显示，中国海洋石油有限公司位于北京市东城区朝阳门北大街25号,香港花园道1号中银大厦65层， 成立日期1999年8月20日，上市日期2022年4月21日，公司主营业务涉及中国海洋石油有限公司是一家主 要从事原油和天然气的勘探、生产及销售的中国公司。该公司经营三个分部。勘探及生产分部从事常规 油气业务、页己油气业务、油砂业务和其他非常规油气业务。贸易业务分部从事原油转口贸易业务。公 司业务分部从 ...

此外，值得注意的是，全流程风控体系的构建贯穿上述公告。从持仓期限约束（佛燃能源限定不超过12 个月或实货合同期限），到交易授权机制（经营管理层在审批额度内灵活决策），再到交易对手信用评 估，企业已建立起覆盖事前、事中、事后的全链条风险防控机制，重点防范极端行情、违约及操作等潜 在风险，为套保业务稳健开展筑牢"防火墙"。 内外因共振 套保需求迎来爆发式增长 化工企业套保热情高涨，本质上是行业经营环境变化与市场工具完善共同作用的结果。记者了解到，近 年来，化工行业"两头在外"的市场格局加剧了经营不确定性：上游原油、煤炭等原材料价格受地缘政 治、供需格局等多重因素影响剧烈波动，下游需求波动与行业竞争加剧导致产品价格承压，"成本升、 售价跌"的双向挤压持续侵蚀企业利润空间。 俄乌冲突发生以来，这种压力进一步凸显。中信建投期货能化首席分析师高明宇表示，2022年下半年之 后原油价格重回供需面主导，在需求增速走弱与产能扩张双重作用下价格重心下移，带动烯烃、芳烃等 产业链品种价格回落；同时，疫情后油化工行业进入扩产高峰，2026年全球烯烃产能增速仍将维持在 5%左右，加工环节利润持续承压。此外，"十五五"期间我国炼能投产与 ...

Group 1 - Southbound funds reduced their holdings in China National Offshore Oil Corporation (CNOOC) by 18.52 million shares on December 15 [1] - Over the past five trading days, there were three days of reductions, totaling a net decrease of 32.01 million shares [1] - In the last twenty trading days, there were eight days of reductions, with a cumulative net decrease of 15.73 million shares [1] - Currently, southbound funds hold 10.25 billion shares of CNOOC, accounting for 21.56% of the company's total issued ordinary shares [1] Group 2 - China National Offshore Oil Corporation is primarily engaged in the exploration, development, production, and sale of crude oil and natural gas [2] - The company operates through three main departments: Exploration and Production (E&P), Trading, and Business Services [2] - The E&P department focuses on conventional oil and gas, shale oil and gas, oil sands, and other unconventional oil and gas operations [2] - The Trading department is involved in the import and export of crude oil and natural gas [2] - The Business Services department handles technology research and development, asset management, product sales, and other services [2] - CNOOC conducts its business in both domestic and international markets across Asia, Africa, North America, South America, Oceania, and Europe [2]

Group 1 - Alibaba-W and Xiaomi Group-W received net purchases of HKD 9.35 billion and HKD 4.95 billion respectively through the Hong Kong Stock Connect (Shanghai) [1] - China National Offshore Oil Corporation (CNOOC) had the highest net sell amount at HKD 4.16 billion [1] - Through the Hong Kong Stock Connect (Shenzhen), Xiaomi Group-W and China Ping An received net purchases of HKD 8.87 billion and HKD 7.66 billion respectively [1] Group 2 - Tencent Holdings had the highest net sell amount at HKD 6.42 billion through the Hong Kong Stock Connect (Shenzhen) [1]

净卖出腾讯控股7.74亿、华虹半导体5.55亿、中国移动5.5亿、中芯国际4.34亿、中国海洋石油4.16亿。 据统计，南下资金已连续12日净买入小米，共计121.5043亿港元；连续4日净买入美团，共计46.2952亿港元；连续5日净卖出中芯国际，共计19.8564亿港 元；连续4日净卖出腾讯，共计24.9089亿港元；连续3日净卖出华虹半导体，共计15.4751亿港元；连续3日净卖出中海油，共计14.0144亿港元。(格隆汇) 格隆汇12月15日｜南下资金今日净买入港股36.54亿港元。其中： 净买入小米集团-W 13.82亿、中国平安11.9亿、美团-W 5.47亿、中国人寿3.5亿、阿里巴巴-W 3.04亿、长飞光纤光缆1.77亿、建设银行1.04亿； | | 升段面 | | | | | --- | --- | --- | --- | --- | | 名称 | 涨跌幅 | 净买入额(亿) | 成交额 | 名称 | | 阿里巴巴-W | -3.6% | 9.35 | 52.82 Z | 阿里巴巴-W | | 中芯国际 | -4.4% | -0.19 | 23.80 Z | 腾讯控股 | | 小米集团-W ...

Core Insights - CNOOC has commenced full operations of the secondary development project at the Liuhua Oilfield, which is the largest offshore reef limestone oilfield in China by proven geological reserves [1][2] - The Liuhua Oilfield has produced over 20 million tonnes of crude oil since its commissioning in 1996, with approximately 140 million tonnes of reserves remaining [2] - The current phase of the project includes the Liuhua 11-1 and Liuhua 4-1 oilfields, located at an average water depth of around 305 meters, and involves the development of 32 production wells [2] Production and Development - The first group of wells at the Liuhua Oilfield began operating in September last year, achieving a daily crude oil output of 3,900 tonnes [3] - CNOOC has also initiated production at the Weizhou 11-4 oilfield adjustment and satellite fields project in the Beibu Gulf Basin, which is located at an average depth of 43 meters [3] - The Weizhou 11-4 project includes a new unmanned wellhead platform and a central processing platform, with plans to drill 35 development wells, including 28 production wells and 7 water injection wells [4] Future Expectations - CNOOC expects the Weizhou 11-4 project to reach a peak output of approximately 16,900 barrels of oil equivalent per day by 2026, focusing on the production of light crude oil [4]

Group 1 - The oil and gas extraction sector experienced a decline of 0.44% on December 15, with Intercontinental Oil & Gas leading the drop [1] - The Shanghai Composite Index closed at 3867.92, down 0.55%, while the Shenzhen Component Index closed at 13112.09, down 1.1% [1] - The trading volume for the oil and gas extraction sector showed significant activity, with Intercontinental Oil & Gas recording a trading volume of 1.827 million shares and a transaction value of 479 million yuan [1] Group 2 - The net outflow of main funds in the oil and gas extraction sector was 18.32 million yuan, while retail funds saw a net outflow of 31.79 million yuan [1] - Major stocks in the sector showed varied fund flows, with China National Offshore Oil Corporation experiencing a net inflow of 34.58 million yuan from main funds [2] - Blue Flame Holdings had a net inflow of 4.53 million yuan from main funds, while Intercontinental Oil & Gas faced a significant net outflow of 51.39 million yuan [2]

Core Viewpoint - The successful full production of the Liuhua oil field's secondary development project marks a significant advancement in China's deepwater oilfield development capabilities, achieving a daily crude oil output of 3,900 tons and setting a new production capacity record [1][3]. Group 1: Project Overview - The Liuhua oil field, China's first deepwater oil field, has fully commenced its secondary development project, consisting of 32 production wells, with an expected annual output exceeding 1 million tons next year [1]. - The project is located approximately 240 kilometers southeast of Shenzhen, utilizing the "Haiji No. 2" deepwater jacket platform and includes a subsea production system and a cylindrical offshore oil and gas processing plant [1][3]. - Since the first production wells were put into operation in September of last year, the cumulative crude oil production has surpassed 900,000 tons [1]. Group 2: Technological Innovations - The "Haiji No. 2" platform incorporates 15 globally leading technologies and features a highly integrated digital twin system that optimizes maintenance strategies and reduces operational costs [9]. - The platform is designed for deepwater operations, standing at 428 meters tall and weighing over 50,000 tons, making it the highest and heaviest offshore oil production platform in Asia [9]. - The project has successfully implemented a set of stable oil control and water management technologies, significantly improving the oil recovery rate and extending the operational lifespan of the oil field by 30 years [14]. Group 3: Industry Significance - The development of the Liuhua oil field represents a breakthrough in addressing the challenges of deepwater reef limestone oil reservoir extraction, which is recognized as a global technical difficulty [5][12]. - China's deepwater oil and gas exploration and development capabilities have made historic progress, with the country becoming one of the few able to independently conduct deepwater oil and gas exploration [15]. - The deepwater oil and gas production capacity has exceeded 12 million tons of oil equivalent, contributing significantly to national energy security [19].