Zheng Quan Ri Bao Wang·2025-10-31 02:49Core Viewpoint - China National Offshore Oil Corporation (CNOOC) reported strong operational performance for the first three quarters of 2025, with significant increases in oil and gas production and revenue generation [1][2]. Group 1: Financial Performance - Oil and gas sales revenue reached 255.48 billion yuan, with a net profit attributable to shareholders of 101.97 billion yuan [1]. - The net production of oil and gas for the first three quarters was 578.3 million barrels of oil equivalent, representing a year-on-year increase of 6.7% [1]. - Domestic net production was 400.8 million barrels of oil equivalent, up 8.6% year-on-year, driven by contributions from projects like Deep Sea No. 1 Phase II and Bohai Zhong 19-2 [1]. - Overseas net production was 177.4 million barrels of oil equivalent, an increase of 2.6% year-on-year, primarily due to the Mero 3 project in Brazil [1]. - In the third quarter, net production reached 193.7 million barrels of oil equivalent, reflecting a year-on-year growth of 7.9% [1]. Group 2: Exploration and Development - In the first three quarters, the company made five new discoveries and successfully evaluated 22 oil and gas structures [1]. - The third quarter saw the successful evaluation of Kenli 10-6, which is expected to become a medium-sized oil field, and significant results from the integrated rolling reserve increase at Ling Shui 17-2 [1]. - The company launched 14 new projects in the first three quarters, including the development of the Kenli 10-2 oil field group (Phase I), Dongfang 29-1 gas field, Wenchang 19-1 oil field, and the Guyana Yellowtail project [1]. Group 3: Management Outlook - The President of CNOOC, Yan Hongtao, stated that the company is steadily advancing engineering construction and effectively controlling costs, aiming to meet annual production and operational targets in the fourth quarter [2].