Group 1 - The National Petroleum and Natural Gas Index (399439) has shown a slight increase of 0.30% as of May 19, 2025, with notable gains in constituent stocks such as Huajin Co. (000059) up by 3.62% and Lansi Heavy Industry (603169) up by 2.22% [1] - The Oil and Gas ETF (159697) has risen by 0.52%, currently priced at 0.97 yuan, indicating a positive trend in the oil and gas sector [2] - Recent innovations in key technologies for oil and gas exploration and development have positioned shale gas as a significant area for sustainable resource development in China, with major shale gas demonstration zones established in the Sichuan Basin [2] Group 2 - The Sichuan Basin has identified eight shale gas fields with a total resource volume of 16.5 trillion cubic meters, contributing to national energy security through the localization of critical equipment and tools [2] - East China Securities anticipates a recovery in trade, which will positively impact oil demand, predicting that oil prices may bottom out in the second quarter and recover thereafter, benefiting upstream resource companies [2] - Guoxin Securities highlights the vast potential for deep-sea oil and gas development in China's northern and central southern South China Sea, supported by relevant technological policies [2][3] Group 3 - As of April 30, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index account for 66.65% of the index, with major players including China National Petroleum (601857) and China Petroleum & Chemical (600028) [3]

Group 1 - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone by completing a deepwater drilling operation in 11.5 days, setting a new record for drilling cycles in the 3500-4000 meter range in China [1] - The breakthrough validates the advanced nature of China's independent deepwater drilling and completion technology system, which is crucial for promoting large-scale growth of deepwater oil and gas resources [1][2] - Since the 14th Five-Year Plan, the volume of deepwater drilling and completion operations in China has increased by over 74% compared to the previous five years, supporting the production of large deepwater oil and gas projects [1] Group 2 - CNOOC's drilling team has successfully tackled four major global technical challenges in deepwater, deep-layer, high-temperature, and high-pressure environments, enhancing pressure control precision to within 0.2 MPa [2] - The successful drilling of the Lingshui 36-1 gas field and the "Deep Sea No. 1" project demonstrates the potential of China's deepwater carbonate exploration [2] - CNOOC aims to further advance deepwater oil and gas development technologies towards deeper and faster operations, transitioning from experience-driven to data-driven and intelligent decision-making processes [3]

Core Insights - China National Offshore Oil Corporation (CNOOC) announced the successful completion of a deepwater drilling operation in 11.5 days, setting a new record for drilling cycles in the 3500-4000 meter range in China [5][6] - The sixth-generation domestically designed semi-submersible platform "Fengjin" has demonstrated advanced capabilities in deepwater drilling, contributing significantly to China's oil and gas resource development goals [6][9] Group 1: Technological Advancements - "Fengjin" is China's first sixth-generation semi-submersible drilling platform, capable of operating at a maximum water depth of 3000 meters and drilling to depths of 10000 meters, with a wind resistance capacity of level 17 [7] - The platform has achieved a 93% operational efficiency during its initial drilling, surpassing international counterparts [7] - CNOOC has developed a complete technical system for deepwater drilling, transitioning from reliance on imports to self-sufficiency in key technologies [9] Group 2: Milestones and Achievements - In 2014, "Fengjin" achieved the first significant oil and gas discovery in China's self-operated deepwater exploration at the Lingshui 17-2 gas field, with a production capacity of 56.5 million cubic feet per day, equivalent to 9400 barrels of oil [8] - The platform has set multiple records over the years, including the shortest drilling cycle for high-temperature and high-pressure wells and the deepest operational depths in both China and the Asia-Pacific region [10][11] - CNOOC's deepwater drilling teams have grown to 10 teams with over 1200 trained professionals, marking a significant development in China's deepwater drilling capabilities [7][9]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone by completing a deepwater drilling operation in southern China in just 11.5 days, setting a new record for drilling cycles at depths of 3500-4000 meters, which demonstrates the advanced capabilities of China's independent deepwater drilling technology [1][3][4] Group 1 - The successful drilling operation breaks the previous record and validates the effectiveness of China's complete deepwater drilling technology system, which is crucial for scaling up deepwater oil and gas resource development and supporting the country's goal of maintaining an annual crude oil production of 200 million tons [1][4] - Deepwater drilling is characterized by high risks, high costs, and high technical demands, with CNOOC's technology and operational capabilities being at the forefront globally [3][4] - CNOOC has developed a unique deepwater drilling technology system and lean management model, breaking down drilling tasks into hundreds of routine operations and coordinating various technical teams to ensure safe and efficient operations throughout the drilling process [4][6] Group 2 - Since the 14th Five-Year Plan, CNOOC has successfully developed several large-scale projects, including the Dongfang 13-2 gas field and the Shenhai No. 1 deepwater gas field, which have accelerated the development of complex offshore oil and gas resources and boosted the marine drilling equipment industry [4][6] - The future of deepwater oil and gas development will focus on deeper and faster drilling, leveraging data-driven and intelligent decision-making processes to enhance operational efficiency and safety [6][7] - The breakthroughs in deepwater drilling technology not only improve operational efficiency and safety but also provide a "Chinese solution" for global deepwater oil and gas development, showcasing China's independent innovation capabilities in marine technology [7]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone by completing a deepwater drilling operation in 11.5 days, setting a new record for drilling cycles in ultra-deep water depths of 3500 to 4000 meters, showcasing the advanced capabilities of China's independent deepwater drilling technology [2][3]. Group 1: Technological Advancements - The successful drilling operation demonstrates the effectiveness of China's complete technical system for deepwater drilling and the "intelligent" technology strength in the ultra-deepwater drilling sector [2]. - CNOOC has developed a unique deepwater intelligent drilling technology system and lean management model, breaking down drilling tasks into hundreds of routine operations, which enhances safety and efficiency throughout the drilling process [2]. Group 2: Industry Growth and Impact - Since the 14th Five-Year Plan, the volume of deepwater well drilling operations in China has increased by over 74% compared to the previous five years, supporting the production of large deepwater oil and gas projects and the continuous rise in marine oil and gas output [3]. - Major projects such as the "Deep Sea No. 1" and the Lingshui 36-1 gas fields have been efficiently drilled, contributing to the large-scale development of complex offshore oil and gas resources and accelerating the growth of China's marine drilling equipment industry [3]. Group 3: Future Directions - CNOOC aims to further advance deepwater oil and gas development technologies towards deeper and faster drilling, transitioning from experience-driven to data-driven and intelligent decision-making processes [3]. - The breakthroughs in deepwater drilling technology not only enhance operational efficiency and safety but also provide a "Chinese solution" for global deep-sea oil and gas development, highlighting China's independent innovation capabilities in marine technology [3].