Zhi Tong Cai Jing·2025-10-21 03:11Core Viewpoint - Sinopec Oilfield Services (600871) shares surged nearly 15% during trading, closing up 9.33% at HKD 0.82, with a trading volume of HKD 154 million, following the announcement of a significant contract in Iraq [1] Group 1: Contract Details - Sinopec Oilfield Services' subsidiary, Guogong Company, signed a fixed-price contract worth RMB 2.553 billion with TotalEnergies for the design, procurement, supply, construction, and trial operation of the second phase of the Ratavi oil field project in Iraq [1] - The Ratavi oil field is located in a key oil and gas region in the Middle East, indicating the company's growing recognition in high-end engineering and project management on an international scale [1] Group 2: Business Performance - In the first half of 2025, Sinopec Oilfield Services reported strong growth in overseas business, with new contracts signed amounting to RMB 19.62 billion, a significant year-on-year increase of 71.8%, accounting for 30.8% of total new contracts signed, up 12.3 percentage points from the previous year [1] - The international business generated a main operating revenue of RMB 9.28 billion, reflecting a year-on-year growth of 4.3%, and its contribution to total revenue rose to 25.3%, becoming a core driver for overall growth amid domestic and external market fluctuations [1]