Core Viewpoint - The oil service industry is expected to maintain a favorable business environment due to stable oil prices and increasing demand for oil and gas, supported by rising capital expenditures from upstream oil companies [1][3]. Group 1: Industry Outlook - The international oil price is currently above $65 per barrel, with geopolitical uncertainties providing some support [2]. - Upstream capital expenditures are expected to increase, leading to accelerated development in oil fields and related services such as perforation, fracturing, logging, and completion [2][5]. - Oil service companies are seeing a rise in order volumes, particularly from international oil companies, indicating a positive trend for the industry [3][4]. Group 2: Company Developments - Chevron plans to maintain its 2026 capital expenditure between $18 billion and $19 billion, a 22% increase from 2025, with a significant portion allocated to upstream activities [2]. - Phillips 66 has raised its 2026 capital budget to $2.4 billion, reflecting a broader trend of increasing investment in oil exploration and production [2]. - Companies like Jereh and China National Petroleum Engineering are securing significant contracts, indicating robust demand for oil service capabilities [4].

Group 1 - Tongyuan Petroleum, based in Chengdu, is a leading company in perforation technology, providing a full range of oil and gas engineering services, and is well-positioned to benefit from rising oil prices through increased orders and revenue [1][36] - Huai Oil Co., located in Jiangsu, has a stable oil and gas production base and benefits from regional cooperation, allowing for dual revenue growth during rising oil prices [2][37] - CNOOC Services, the largest marine oil and gas engineering service provider in China, is set to see significant increases in drilling platform utilization and service orders due to rising oil prices [3][38] Group 2 - Sinopec Oilfield Services, a leading player in oil and gas engineering services, is expected to benefit from increased internal orders and global oil development opportunities as oil prices rise [4][39] - Beiken Energy, based in Xinjiang, focuses on oilfield technical services and is well-positioned to expand its business in response to rising oil prices and increased exploration activities in the western oil and gas regions [5][41] - Zhongman Petroleum, with integrated oil and gas exploration and service capabilities, is likely to see increased orders and revenue from both domestic and international projects as oil prices rise [6][42] Group 3 - Potential Energy, specializing in oil and gas exploration technology services, is expected to benefit from increased demand for high-precision exploration services as oil prices rise [8][43] - China National Offshore Oil Corporation, the largest offshore oil producer in China, is positioned to benefit from rising oil prices through increased revenue from oil sales and a focus on deepwater development [9][44] - Bomeike, focusing on marine oil and gas engineering equipment, is set to see increased demand for its products as marine oil and gas projects accelerate due to rising oil prices [10][45] Group 4 - Blue Flame Holdings, a leader in coalbed methane development, is expected to benefit from rising demand for clean energy and increased coalbed methane sales prices as oil prices rise [11][47] - Shouhua Gas, with a comprehensive natural gas business model, is likely to see revenue growth from both upstream exploration and downstream distribution as oil prices and natural gas prices rise [12][48] - CNOOC Engineering, a leading marine oil and gas engineering construction company, is expected to gain stable orders and enhance profitability through deep cooperation with CNOOC as oil prices rise [13][49] Group 5 - Intercontinental Oil and Gas, focusing on overseas oil resource development, is well-positioned to benefit from rising oil prices through increased sales revenue from its overseas oil fields [14][50] - Guanghui Energy, a comprehensive energy service provider, is expected to see significant revenue growth from its oil and gas extraction and LNG production businesses as oil prices rise [15][51] - CNOOC Development, providing comprehensive marine oil and gas services, is likely to see increased demand for its services as oil production rises due to higher oil prices [16][52] Group 6 - China Petroleum Engineering, a leading oil and gas engineering construction company, is set to benefit from increased orders due to rising oil prices and expanded overseas market opportunities [18][54] - New Natural Gas, focusing on natural gas exploration and distribution, is expected to see revenue growth from both upstream and downstream operations as oil and natural gas prices rise [19][55] - ST Xinchao, despite its current ST status, is expected to see improved performance from its oil and gas business as oil prices rise, benefiting from the synergy between its oil and chemical operations [20][56]

Core Viewpoint - The oil service engineering sector experienced a significant increase of 2.94% on January 13, with Tongyuan Petroleum leading the gains, while the overall Shanghai Composite Index fell by 0.64% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4138.76, down 0.64% [1] - The Shenzhen Component Index closed at 14169.4, down 1.37% [1] - Key stocks in the oil service engineering sector showed notable increases, with Tongyuan Petroleum rising by 11.66% to a closing price of 7.18 [1] Group 2: Stock Performance - Tongyuan Petroleum (300164) led the sector with a closing price of 7.18 and a trading volume of 2.3767 million shares, resulting in a transaction value of 1.67 billion [1] - Zhun Oil Co. (002207) increased by 10.00% to 9.02, with a transaction value of 738 million [1] - Other notable performers included Keli Co. (920088) up 6.35% to 37.37, and Sinopec Oilfield Service (600871) up 4.37% to 2.39 [1] Group 3: Capital Flow - The oil service engineering sector saw a net inflow of 287 million from main funds, while retail investors experienced a net outflow of 185 million [1] - Main funds showed significant net inflows in Zhun Oil Co. (002207) at 114 million, while retail investors had a net outflow of 5317.78 million [2] - The overall capital flow indicates a mixed sentiment, with main funds favoring certain stocks while retail investors withdrew [2]

Group 1: Market Performance - The oil and gas service sector showed strong performance, with two stocks hitting the daily limit up, including Tongyuan Petroleum rising over 13% and Keli Co. rising over 12% [1][2] - Other notable stocks included Shandong Molong and Zhun Oil, both hitting the limit up, while ShenKong Co. rose over 8% and Zhongman Petroleum over 6% [1][2] Group 2: Geopolitical Influences - Recent geopolitical changes, particularly the U.S. military actions in Venezuela and plans to restore the country's oil infrastructure, have catalyzed market sentiment, with expectations that the U.S. will lift sanctions on Venezuela, which holds the world's largest oil reserves of approximately 302.8 billion barrels [1][3] - The severe damage to Venezuela's oil facilities necessitates large-scale orders for repairs, directly benefiting oil service equipment companies [1][3] Group 3: Oil Price Outlook - Geopolitical risks are expected to support oil prices in the short term, with predictions of prices remaining in the range of $60 to $70 per barrel, despite a current oversupply in the global oil market [3] - A short-term supply gap of around 1 million barrels per day from Venezuela is anticipated to push oil prices upward [3] Group 4: Policy Support - Domestic policies, particularly the revised "Petroleum and Natural Gas Infrastructure Planning, Construction, and Operation Management Measures," effective from January 1, 2026, provide a clear development path for the oil and gas service industry [3][4] - The policy encourages social capital participation in projects like gas storage and LNG receiving stations, enhancing the operational framework for national pipeline networks [3][4] Group 5: Industry Opportunities - The demand for oil and gas exploration, pipeline laying, and equipment maintenance is expected to rise due to policy-driven infrastructure improvements [4] - The oil and gas exploration service sector is likely to benefit from increased investment in exploration, with companies possessing advanced seismic and drilling technologies expected to see sustained growth in orders and revenue [5][6] - The deep-sea oil and gas development is driving demand for high-end equipment, with manufacturers possessing core technologies poised for a surge in orders and market share [6]

Core Viewpoint - The oil service engineering sector experienced a significant increase of 2.67% on January 9, with Tongyuan Petroleum leading the gains [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - Key stocks in the oil service engineering sector showed notable price increases, with Tongyuan Petroleum rising by 8.96% to a closing price of 6.57 [1] Group 2: Stock Performance - The following stocks had significant price changes: - Tongyuan Petroleum: 8.96% increase, closing at 6.57, with a trading volume of 1.90 million shares and a turnover of 1.227 billion [1] - Keli Co., Ltd.: 7.07% increase, closing at 34.70, with a trading volume of 78,100 shares and a turnover of 267 million [1] - Zhongman Petroleum: 6.03% increase, closing at 24.44, with a trading volume of 223,800 shares and a turnover of 542 million [1] - PetroChina Oilfield Services: 5.91% increase, closing at 2.33, with a trading volume of 3.7243 million shares and a turnover of 859 million [1] Group 3: Capital Flow - The oil service engineering sector saw a net inflow of 161 million from main funds, while retail investors experienced a net outflow of 76.11 million [1] - Specific stock capital flows included: - PetroChina Oilfield Services: net outflow of 66.12 million from main funds and 49.35 million from retail investors [2] - Tongyuan Petroleum: net inflow of 51.98 million from main funds and a net outflow of 42.11 million from retail investors [2] - Keli Co., Ltd.: net inflow of 30.21 million from main funds and a net outflow of 0.72 million from retail investors [2]

Core Viewpoint - The company, QianNeng HengXin, has successfully discovered the Weizhou 5-3 oil field in the southern part of the 22/04 block using WEFOX dual-focus imaging technology, with production set to commence in June 2025 [1] Group 1: Exploration and Discovery - The company has deployed the WZ5-3N-1 exploratory well to expand the oil field to the north and confirm the oil-bearing properties and reserve scale of the Weizhou 5-3N structure [1] - The drilling of the WZ5-3N-1 well has been completed, achieving significant breakthroughs in both the Changliu sandstone and the Carboniferous carbonate rock formations [1] Group 2: Findings and Implications - The well encountered sandstone oil layers in the Changliu formation, with recorded oil traces and oil stains, providing a basis for the overall evaluation and determination of reserves in the Changliu sandstone oil reservoir [1] - In the Carboniferous carbonate rock formation, drilling reached a depth of 1,305.60 meters, revealing fluorescence and oil stains, along with the return of over 10 cubic meters of viscous oil, indicating the development of fracture-cave reservoirs in the Carboniferous [1]

二、合同区勘探进展情况 证券代码：300191 证券简称：潜能恒信 公告编号：2026-002 潜能恒信能源技术股份有限公司 南海涠洲 22/04 重大合同进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、背景 潜能恒信能源技术股份有限公司（以下简称"潜能恒信"或"公司"）海外 全资公司智慧石油投资有限公司（英文名称：SMART OIL INVESTMENT LTD.,以下 简称"智慧石油"）通过参与中国海洋石油集团有限公司（以下简称"中国海油" 或"国家公司"）组织的对外合作招标，与洛克石油（渤海）公司（以下简称"洛 克石油"）共同取得了中国南海北部湾涠洲 10-3 西油田暨 22/04 区块勘探开发 权益。2018 年 7 月 3 日智慧石油和洛克石油与中国海油签订了为期 30 年的产品 分成合同—《中国南海北部湾涠洲 10-3 西油田暨 22/04 区域合同区石油合同》 （以下简称"石油合同"），智慧石油和洛克石油成为合同区内勘探作业、开发 作业和生产作业的联合作业者（以下简称"合同者"）。2022 年 11 月，原合同 者之一洛克石油退出 ...

Core Viewpoint - The company, Potential Energy Holdings, has announced the successful completion of various preparatory works for the drilling operation of well QK18-9-7, which is set to commence on January 7, 2026 [1] Group 1 - The overseas wholly-owned subsidiary, Wisdom Oil, has completed the well site deployment verification, geological design, engineering design, sea condition investigation, and necessary offshore drilling operation permits [1] - The company has organized pre-drilling production activities as part of the preparations for the drilling operation [1]

Core Viewpoint - The company has made significant progress in exploration activities in the Bohai 09/17 block, with the QK18-9-7 well officially commencing drilling operations on January 7, 2026, at a designed depth of 4,680 meters, expected to take approximately two months [1] Group 1 - The exploration work in the Bohai 09/17 block has previously identified Ordovician carbonate rock potential oil reservoirs, achieving high-yield industrial oil flows at multiple well locations [1] - The drilling of the QK18-9-7 well aims to further confirm the overall oil and gas scale of the Ordovician formation and accelerate the realization of proven reserves [1] - Wisdom Oil will bear all exploration costs and will hold at least 49% of the extraction rights if commercial oil and gas are discovered [1]

Core Insights - The company has made significant progress in exploration activities in the Bohai 09/17 block, with the QK18-9-7 well officially commencing drilling operations on January 7, 2026 [1] - The well is designed to reach a depth of 4,680 meters, with an estimated operational duration of approximately two months [1] - Previous discoveries in the block include Ordovician carbonate rock reservoirs, which have yielded high industrial oil flow rates from multiple well locations [1] - The drilling of the QK18-9-7 well aims to further confirm the overall oil and gas scale of the Ordovician formation and expedite the realization of proven reserves [1] - The company, Wisdom Oil, will bear all exploration costs and will hold at least 49% of the extraction rights if commercial oil and gas are discovered [1]