值得注意的是，在本次大会上，发布了巴中油气化工产业发展机会清单、巴中油气技术攻坚清单，并进 行了战略合作签约以及4个产业项目签约。 西南石油大学党委副书记、校长郭建春在致辞中说，此次大会为油气产业高层次交流搭建了广阔平台， 将进一步汇聚众智，催生出一批高质量合作成果。今年2月，西南石油大学与巴中市签署了校地合作协 议，共同开启了协同发展的崭新篇章。面向未来，西南石油大学热忱期待与中石油、中石化等单位携 手，为革命老区巴中油气产业高质量发展注入新动能、做出新贡献。 四川省发展改革委二级巡视员汪友才在讲话中说，四川是川气东送的源头，也是全国天然气输配网络的 西南枢纽。巴中市油气资源丰富，发展潜力大。近年来，巴中市委、市政府高度重视油气产业发展，高 位推进油气勘探开发工作。希望巴中市立足资源优势，持续加大油气勘探开发力度，推动油气产业再上 新台阶。希望各位专家继续为四川能源事业发展建言献策。诚邀油气企业在四川、在巴中这片热土上深 耕细作、发展壮大。 中国发展网讯 服务国家能源战略，开发巴中油气资源。11月12日，2025巴中油气发展大会召开，来自 全国各地的油气企业、高校和科研机构代表齐聚巴中，共商发展大计，为巴中 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [1] Core Views - The company benefits from increased upstream capital expenditure, having recently signed significant contracts in the Middle East [2][3] - The Middle East is a key area for global energy development, with Iraq and the UAE expected to maintain high upstream capital expenditures [3] - The contracts signed in Iraq and the UAE will help the company consolidate and expand its market in oil and gas transportation engineering, positively impacting revenue and profit over the next 4-5 years [3] - Revenue forecasts for 2025-2027 are projected at 899.92 billion, 944.92 billion, and 982.97 billion RMB, with net profits of 7.33 billion, 8.23 billion, and 8.50 billion RMB respectively [3][7] Summary by Sections Recent Contracts - The company’s subsidiary signed an EPC contract with Iraq's Basra Oil Company for a seawater pipeline project worth 2.524 billion USD (approximately 18.032 billion RMB) [2][5] - Another EPC contract was signed with ADNOC Gas for gas pipeline projects in the UAE, valued at 513 million USD (approximately 3.688 billion RMB) [2][7] Market Outlook - The company is well-positioned to benefit from ADNOC Gas's future investments, with ADNOC planning to invest up to 15 billion USD from 2025 to 2029 [6][7] - The GGIP project in Iraq, with an initial investment of around 10 billion USD, aims to enhance gas recovery and increase oil production, further supporting the company's growth [4] Financial Projections - The company’s earnings per share (EPS) are expected to be 0.13, 0.15, and 0.15 RMB for 2025-2027, with corresponding price-to-earnings (PE) ratios of 26.10, 22.60, and 22.60 [3][7] - The company’s financial metrics indicate a positive trend, with projected revenue growth and improved cash flow [10]

Core Viewpoint - The company, Tongyuan Petroleum, is expanding its overseas market presence by establishing a subsidiary in Libya to enhance its competitiveness and business scale [1] Group 1: Market Opportunity - Libya has significant oil and gas resources, with proven oil reserves exceeding 48 billion barrels, ranking first in Africa and tenth globally [2] - The country is strategically located for oil and gas exports to Europe, making it a key player in European energy security [2] - Libya's oil production and export have been gradually recovering since August 2024, with the National Oil Corporation planning to increase crude oil production from 1.4 million barrels per day to 2 million barrels per day by 2028 [2] Group 2: Company Strategy - Tongyuan Petroleum's subsidiary, Yilong Hengye, has secured multiple high-quality oil service projects in Libya, including the 70DB drilling rig project and other operations [3] - The company aims to leverage its differentiated competitive advantages, such as advanced perforation technology, to enhance its market position [4] - Establishing a subsidiary in Libya will allow the company to deepen its integration into the local market and improve its competitive edge [5] Group 3: Financial Context - As of July 29, Brent crude oil prices increased by 7.25% and WTI prices by 6.30%, indicating a favorable market environment for oil service companies [4] - The oil service industry is experiencing high demand due to increased capital expenditure in the upstream oil and gas sector [4] Group 4: Global Market Expansion - The company has a comprehensive domestic market presence across major unconventional oil and gas development areas in China [5] - Internationally, the company is expanding its footprint in North America and regions like Algeria, Kazakhstan, and Libya, enhancing its global market layout [5]

Core Viewpoint - Chevron Corporation is looking to re-enter the Indonesian oil and gas sector, targeting blocks with significant gas reserves, marking a strategic shift after exiting the region in 2023 [1][4]. Group 1: Chevron's Strategic Moves - Chevron is focusing on exploration blocks in Indonesia with estimated gas reserves of approximately 15 trillion cubic feet (Tcf), indicating its ambitions in Southeast Asia [1][2]. - The company previously divested from the Indonesia Deepwater Development (IDD) project, which had nearly 3 Tcf of recoverable resources, due to development challenges [4]. - The renewed interest in Indonesia's upstream sector suggests Chevron is seeking larger reserves and potentially more favorable project conditions [5]. Group 2: Industry Context - Chevron has faced challenges in international operations, particularly in Venezuela and Kazakhstan, due to geopolitical complexities and OPEC+ dynamics, making its interest in Indonesia's assets crucial for a positive trajectory [3]. - Indonesia is expected to offer new exploration blocks in various regions, including Bali, which highlights the untapped energy potential in the country [2].