CPEC(SH:600339) news flash·2025-05-14 11:00Core Viewpoint - China National Petroleum Engineering Company (CNOOC) has received a project award letter from TotalEnergies for the gas processing plant EPSCC project in Iraq's Atawi oil field, with a contract value of approximately $1.601 billion (around 11.538 billion RMB) and a planned construction period of 39 months [1] Summary by Relevant Sections - Project Details - The project involves the construction of a gas processing facility with a daily processing capacity of 320 million cubic feet of natural gas [1] - The project is currently in the bidding stage and awaits formal contract signing, which carries some uncertainty [1] - Financial Impact - If the contract is formally signed and successfully implemented, it is expected to have a positive impact on the company's operating revenue and total profit over the next 4-5 years [1]