"十四五"是我国能源转型加速推进的五年，也是中国海油（600938）向深蓝逐梦、为国家能源安全筑基的五年。 从渤海之滨到南海之渊，从常规油气田到深水非常规领域，作为我国海洋油气开发的主力军，中国海油以科技创 新为翼、以区域协同为纲、以绿色转型为向，在5年时间里实现了油气产量的跨越式增长、勘探领域的多点突破、 技术装备的自主可控，用一串串坚实的数据、一项项重大成果，书写了国有央企在保障国家能源安全、服务区域 发展大局中的责任与担当。 "十四五"收官之际，回望中国海油这五年的发展历程，是一部向深蓝进军、向技术攻坚、向绿色转型的奋斗史。 产量的跨越式增长、勘探的多点突破、技术的自主可控、区域的精准赋能，每一项成就都凝聚着海油人的智慧与 汗水，每一步跨越都彰显着国有央企的责任与担当。 12月21日，中国海油对外宣布，我国海上最大油田——渤海油田2025年累计生产油气当量突破4000万吨，创历史 新高。图为中国海油秦皇岛32-6油田。 2025年8月，中国海油对外宣布，公司旗下所属中海石油大榭石化炼化一体化项目在浙江宁波全面建成，对推动国 家重质油高效转化、提升高端化工材料自主可控能力有着重要意义。 产量跃升：稳油增气 ...

"十四五"是我国能源转型加速推进的五年，也是中国海油向深蓝逐梦、为国家能源安全筑基的五年。从渤海之滨 到南海之渊，从常规油气田到深水非常规领域，作为我国海洋油气开发的主力军，中国海油以科技创新为翼、以 区域协同为纲、以绿色转型为向，在5年时间里实现了油气产量的跨越式增长、勘探领域的多点突破、技术装备的 自主可控，用一串串坚实的数据、一项项重大成果，书写了国有央企在保障国家能源安全、服务区域发展大局中 的责任与担当。 "十四五"收官之际，回望中国海油这五年的发展历程，是一部向深蓝进军、向技术攻坚、向绿色转型的奋斗史。 产量的跨越式增长、勘探的多点突破、技术的自主可控、区域的精准赋能，每一项成就都凝聚着海油人的智慧与 汗水，每一步跨越都彰显着国有央企的责任与担当。 12月21日，中国海油对外宣布，我国海上最大油田——渤海油田2025年累计生产油气当量突破4000万吨，创历史 新高。图为中国海油秦皇岛32-6油田。 2025年8月，中国海油对外宣布，公司旗下所属中海石油大榭石化炼化一体化项目在浙江宁波全面建成，对推 动国家重质油高效转化、提升高端化工材料自主可控能力有着重要意义。 产量跃升：稳油增气筑牢能源安全压舱 ...

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) emphasizes its commitment to green low-carbon transformation and international cooperation in the energy sector during the COP30 conference in Brazil [1][2][3] Group 1: CNOOC's Initiatives - CNOOC is enhancing the proportion of natural gas production while ensuring low-carbon energy supply and developing a carbon capture, utilization, and storage (CCUS) circular economy [1][2] - The company aims to optimize the energy structure in Brazil, being the first foreign enterprise to achieve independent natural gas sales, and is focused on building a clean energy supply system [2] - CNOOC is accelerating the development of zero-carbon industries, particularly in offshore wind power, and is promoting renewable energy development cooperation [2] Group 2: International Cooperation and Impact - The collaboration between China and Brazil in energy and environmental sectors is expected to deepen, leveraging each country's strengths to advance technology research and improve regulatory frameworks [2][3] - CNOOC's efforts in Brazil are seen as a model for international cooperation in climate governance, showcasing the role of Chinese enterprises in promoting sustainable development [3][4] - The ongoing COP30 conference highlights the importance of global cooperation in addressing climate challenges and emphasizes the need for effective action and equitable energy transitions [4]

Core Insights - The "Deep Sea No. 1" Phase II project has been fully operational since June 25, marking China's largest offshore gas field and a significant step towards large-scale deep-sea oil and gas development [1][2]. Industry Overview - Over 70% of global oil and gas resources are located in oceans, with 40% from deep water. China's South China Sea alone has approximately 2.48 billion tons of oil and 42 trillion cubic meters of natural gas, with about half found in deep water [2]. - The exploration and development of deep-sea oil and gas resources, particularly in the South China Sea, is a long-term and significant growth direction for China [2]. Project Details - The "Deep Sea No. 1" gas field is located 150 kilometers from Sanya, Hainan Province, and has geological reserves exceeding 100 billion cubic meters [2]. - The project has overcome numerous technical challenges associated with deep-water operations, establishing China as a player in the global deep-water oil and gas development arena [3][4]. Technological Innovations - The "Deep Sea No. 1" energy station is the world's first 100,000-ton deep-water semi-submersible production and storage platform, featuring three world-class innovations and 13 domestically developed technologies [4]. - The project has developed a unique operational model combining underwater production systems, shallow water platforms, and deep-water semi-submersible platforms, creating a large-scale oil and gas production facility cluster [6][7]. Production Capacity - The "Deep Sea No. 1" project has a maximum daily production capacity of 15 million cubic meters, with an expected annual output exceeding 4.5 billion cubic meters [7]. - The cumulative production has surpassed 12 billion cubic meters, making it the largest offshore gas field in China and a key supplier for the Guangdong-Hong Kong-Macao Greater Bay Area [7]. Future Prospects - The technological and equipment systems established by the "Deep Sea No. 1" project are expected to facilitate the development of other complex deep-water oil and gas fields in the future [8]. - There are vast areas in the South China Sea awaiting exploration, and the advancements made through this project lay a solid foundation for future deep-sea endeavors [8].

Group 1: Nuclear Power Development - The "Hualong One" nuclear power unit at Fuqing Nuclear Power Plant has officially commenced commercial operation, marking a significant achievement in China's third-generation nuclear technology [3] - The "Hualong One" unit has an annual electricity generation capacity of nearly 10 billion kWh, sufficient to meet the annual electricity needs of 1 million people [3] - During the 14th Five-Year Plan period, the construction of "Hualong One" units is progressing steadily, with a domestic equipment localization rate exceeding 90%, benefiting over 5,400 upstream and downstream enterprises [3] Group 2: Heavy Machinery and Infrastructure - The development of large-diameter shield tunneling machines has broken foreign technology monopolies, addressing key construction challenges in China's transportation infrastructure [5] - China Railway Equipment has produced over 50 large-diameter shield machines, including the world's largest high-speed rail shield machine, showcasing China's manufacturing capabilities [5] Group 3: Space Exploration - The "Xihe" solar observation satellite has been capturing solar evolution data, providing a unique perspective for understanding the sun [7] - The satellite has achieved several international firsts in solar observation technology and has made its data available to research teams from 15 countries [7] Group 4: Energy Equipment - The successful development of the domestically produced F-class 50 MW heavy-duty gas turbine represents a significant breakthrough in China's high-end energy equipment sector [9] - This turbine can generate over 70,000 kWh of electricity per hour, enough to meet the daily electricity needs of 7,000 households, and can reduce carbon emissions by approximately 500,000 tons annually [9] Group 5: High-Speed Rail - The CR450 train set, capable of reaching a testing speed of 450 km/h and an operational speed of 400 km/h, represents a significant advancement in high-speed rail technology [11] - The train features a 22% reduction in running resistance and a 10% weight reduction, making it the fastest high-speed train globally upon its operational launch [11] Group 6: Quantum Computing - The "Zuchongzhi 3" superconducting quantum computing prototype has set a new record for quantum computing superiority, outperforming the fastest classical algorithms by 15 orders of magnitude [13] - This achievement highlights China's advancements in quantum computing technology and its potential to lead in this field [13] Group 7: Artificial Synthesis - Chinese scientists have achieved the first artificial synthesis of starch from carbon dioxide in a simplified process, significantly faster than natural methods [15] - This breakthrough could revolutionize food production methods if successfully industrialized [15] Group 8: Offshore Gas Development - The "Deep Sea No. 1" Phase II project has commenced full production, becoming China's largest offshore gas field with a daily output exceeding 15 million cubic meters [17] - This project marks a significant advancement in deep-water oil and gas development in China, entering the ultra-deep water era [17]

Group 1: Deep Sea Exploration and Development - The "Fendouzhe" manned submersible has discovered a vast "life oasis" extending 2,500 kilometers in the Pacific Ocean at a depth of 9,533 meters, marking significant progress in China's deep-sea exploration efforts [3] - China's first self-operated deep-water oil field, the Liuhua Oil Field, has achieved record high oil and gas production, highlighting the country's advancements in deep-sea energy development [6][7] - Over the past five years, China's offshore crude oil production has increased to 58.61 million tons, with an increase of over 16 million tons from offshore sources, accounting for more than 70% of the total increase in national crude oil production [9] Group 2: Technological Advancements in Deep Sea and Deep Earth - New deep-sea equipment has been showcased, including the installation of the largest number of intelligent unmanned wellhead platforms in the Kenli 6-1 oil field in Bohai Sea [10][12] - A key technological breakthrough has been achieved in China's first deep-sea carbon dioxide storage project in the Pearl River Estuary, contributing to carbon reduction goals [14] - The first underwater robot with a seven-function mechanical arm has been successfully deployed in the Beibu Gulf, providing technical support for intelligent deep-sea operations [16] Group 3: Deep Earth Exploration - China's deep drilling capabilities have advanced significantly, with the time taken to drill from 9,000 meters to over 10,000 meters reduced to just three years [19] - The Tiefu T1 well successfully drilled to a depth of 10,910 meters, marking a historic achievement in deep earth exploration and the first detection of oil and gas at such depths [20][25] - The drilling process faced challenges, including a significant delay when nearing the 10,000-meter mark due to equipment issues, emphasizing the risks associated with deep drilling [22][24] Group 4: Lunar Exploration Achievements - China's lunar exploration program has successfully completed its "orbit, land, return" mission with the Chang'e 5 mission, returning 1,731 grams of lunar samples [27] - The Chang'e 6 mission, launched in May 2024, successfully returned 1,935.3 grams of samples from the moon's far side, marking a world first in lunar exploration [29] - Ongoing lunar exploration efforts include the upcoming Chang'e 7 mission in 2026, aimed at searching for water ice on the moon's south pole, and the Chang'e 8 mission planned for around 2029 [32]

Core Insights - China National Offshore Oil Corporation (CNOOC) announced that the total length of China's subsea oil and gas pipelines has surpassed 10,000 kilometers, positioning the country among the world's leaders in this field, marking a significant milestone in marine oil and gas resource development and enhancing national energy security [1] Group 1: Pipeline Infrastructure - The 10,000 kilometers of subsea pipelines is nearly twice the straight-line distance from the south to the north of China, showcasing the extensive reach of the infrastructure [1] - The pipeline specifications cover a full range from 2 inches to 48 inches, including single-layer and double-layer pipes, aligning with international mainstream types [1] - CNOOC's pipeline laying technology and equipment capabilities have reached international advanced levels, leading in aspects such as the completeness of the equipment technology system [1] Group 2: Engineering Challenges - Subsea pipelines are critical for offshore oil and gas transportation, often referred to as the "lifeline" of marine oil and gas production systems, facing complex underwater terrains and extreme environmental conditions [1] - At depths of 1,500 meters, pipelines must withstand pressures of 150 atmospheres, equivalent to the weight of 1.5 family cars concentrated on an A4 sheet of paper [1] - China is one of the countries with the most complex marine conditions, which imposes higher technical requirements for subsea pipeline engineering [1] Group 3: Technological Advancements - CNOOC has overcome technical challenges related to subsea pipeline design and installation in harsh marine conditions, establishing a complete technical system for subsea pipeline engineering that includes design, construction, and installation [2] - Since the 14th Five-Year Plan, CNOOC has significantly enhanced its pipeline laying capabilities, laying over 1,500 kilometers of subsea pipelines, with a maximum operational depth of 1,542 meters, marking a historic transition from shallow to ultra-deep water [2] - The company has developed a range of specialized vessels and equipment, including the first domestic 3,000-meter ultra-deepwater lifting and laying vessel, "Ocean Oil 201," which has driven the independent and comprehensive upgrade of China's subsea pipeline construction [2] Group 4: Global Projects - In recent years, CNOOC has undertaken over 10 projects in Southeast Asia, the Middle East, and Africa, laying more than 500 kilometers of subsea pipelines and setting multiple industry records for the largest and heaviest subsea pipes [3]

Group 1 - The core viewpoint emphasizes the importance of building a maritime power as a strategic task for the rejuvenation of the Chinese nation, focusing on self-reliance in marine technology and enhancing energy security through domestic equipment development [1] Group 2 - The "Ocean Oil 696" is China's first integrated large-scale fracturing vessel, designed to enhance deep-sea oil and gas development capabilities, featuring high integration, intelligence, and automation [7][12] - The vessel is specifically tailored for low-permeability offshore oil and gas fields, which have become significant potential reserves for energy production in China [8][10] - The design and construction of "Ocean Oil 696" faced challenges due to the lack of reference models and the need to integrate fracturing equipment with the vessel [12][14] Group 3 - The vessel's design includes advanced fracturing equipment that achieves a maximum output power of 25,000 hydraulic horsepower, significantly enhancing operational efficiency [14][16] - The integrated design allows for a compact layout of equipment, optimizing space and ensuring efficient operation in the limited area of the vessel [15][18] Group 4 - The intelligent control system on "Ocean Oil 696" allows for remote operation of fracturing processes, improving safety and reducing labor costs [16][17] - The automation and smart features of the vessel lead to a significant reduction in operational time and costs compared to traditional methods [18]

Group 1 - The stock price of CNOOC Development reached 4.07 yuan as of August 25, 2025, with an increase of 0.03 yuan, representing a rise of 0.74% compared to the previous trading day [1] - The company operates in the extraction industry, focusing on marine oil engineering technology services, equipment manufacturing, and green energy, making it a significant player in domestic marine oil and gas development [1] - As of the end of the second quarter, pension accounts held 52.1022 million shares of CNOOC Development, accounting for 0.51% of the circulating shares, with the Basic Pension Insurance Fund 808 Combination being the fifth largest circulating shareholder [1] Group 2 - On August 25, the net inflow of main funds was 54.6103 million yuan, representing 0.13% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds reached 108.9331 million yuan, accounting for 0.26% of the circulating market value [1]

Group 1 - The ocean economy is experiencing unprecedented development opportunities, becoming a strategic high ground for China [1] - The central government emphasizes the need for high-quality development of the ocean economy and plans to establish national ocean economy development demonstration zones [1][2] - The ocean economy's total value is projected to exceed 10 trillion yuan, reaching 10.5 trillion yuan in 2024, with a year-on-year growth of 5.9% [2] Group 2 - The first quarter of 2024 saw the ocean production value reach 2.5 trillion yuan, reflecting a year-on-year increase of 5.7% [2] - Various regions are formulating ocean economy development plans, including Shandong, Liaoning, and Hainan [3] - The focus is on enhancing ocean resource development capabilities and transitioning to a quality and efficiency-oriented ocean economy [4] Group 3 - State-owned enterprises (SOEs) are encouraged to participate in ocean economy development due to their financial strength and technological capabilities [7] - China National Offshore Oil Corporation (CNOOC) has made significant discoveries in oil and gas reserves, highlighting the importance of SOEs in resource exploration [7][8] - The shipbuilding industry is a key component of the ocean economy, with China's market share in marine vessels and offshore engineering equipment leading globally [8] Group 4 - The government is promoting policies to support the development of marine energy and encourage investment from SOEs and private sectors [9] - The potential for deep-sea technology and marine economy development is significant, with opportunities in deep-sea equipment, marine biotechnology, and offshore wind power [9]