Core Viewpoint - The announcement details the external guarantees provided by Sinopec Oilfield Service Corporation for its wholly-owned subsidiaries and joint ventures, highlighting the total guarantee amount and the financial implications for the company [2][3][4]. Summary by Sections Guarantee Overview - The total amount of guarantees provided by the company for its wholly-owned subsidiaries and joint ventures in the first half of 2025 is RMB 2.451 billion, which accounts for 28.34% of the company's latest audited net assets [2][3][7]. - As of June 30, 2025, the cumulative guarantee balance stands at RMB 28.625 billion [2][7]. Guarantee Details - The company has provided credit guarantees and performance guarantees with a maximum limit of RMB 20 billion for credit guarantees and RMB 26.5 billion for performance guarantees for wholly-owned subsidiaries, and up to USD 275 million for joint ventures [4][5]. - The guarantees are aimed at supporting international market expansion and daily operations, particularly for the Mexico EBANO project [6][9]. Risk and Financial Implications - There are no overdue guarantees reported, but some of the guaranteed entities have a debt-to-asset ratio exceeding 70%, which may raise concerns for investors [3][10]. - The company has not provided any guarantees to its controlling shareholders or related parties, maintaining a focus on its subsidiaries and joint ventures [10]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to facilitate the company's business operations, especially in overseas markets, and to ensure the smooth execution of projects like the EBANO oilfield development [9].

Core Viewpoint - The company is implementing a comprehensive safety management system to address and rectify basic safety issues, focusing on a structured approach that includes problem identification, corrective measures, and accountability. Group 1: Safety Management Initiatives - The company has established a "problem list + corrective measures + accountability" management model to systematically address safety issues, creating over 30 items in the problem management list to ensure thorough rectification [1] - The center emphasizes on-site inspections, specialized training, and improved assessment mechanisms to tackle non-compliance in personal protective equipment usage during operations such as striking, cleaning, and purging [1] - A closed-loop management mechanism is in place for electrical safety, involving daily checks, weekly reports, and monthly assessments to address issues like grounding wire disconnections and insulation mat deterioration [1] Group 2: Equipment Management and Improvement - The company has developed a "dedicated personnel, regular inspections, timely maintenance" work mechanism to enhance equipment management, focusing on issues like improper crane wiring and non-durable blind plates [2] - A dynamic tracking mechanism has been established to monitor the progress of corrective actions, incorporating monthly reports and quarterly assessments to ensure effective resolution of identified issues [2] - The company promotes best practices in safety management through experience-sharing meetings and safety management measure discussions, aiming to continuously elevate safety management standards [2]

Group 1: Robotics Industry in Shandong - Shandong plans to exceed 50 billion yuan in robot manufacturing industry scale by 2027, aiming to cultivate over three leading enterprises with output exceeding 2 billion yuan each [2] - The "Action Plan" includes 18 measures covering technology innovation, industry cultivation, financial support, standard construction, talent support, and application promotion [2] - The plan aims to enhance technological innovation capabilities and development quality in the robotics sector, establishing Shandong as a national growth pole for robot R&D and manufacturing [2] Group 2: Low-altitude Economy in Shandong - Shandong ranks third in the nation with over 1,400 operational drone enterprises, showcasing a strong development momentum in the low-altitude economy [3] - The low-altitude industry in Shandong is characterized by integrated manufacturing and service development, with over 400 companies involved in the R&D and manufacturing of general aircraft and drones [3][4] - The province aims to strengthen the low-altitude industry's ecosystem by enhancing product innovation, deepening application promotion, and building a comprehensive industrial ecosystem [4] Group 3: Ecological Compensation in the Yellow River Basin - Shandong received 62.07 million yuan in ecological compensation from Henan for the Yellow River basin, contributing to the improvement of water quality in the region [5] - Since the establishment of the compensation mechanism in 2021, Shandong has received a total of 250 million yuan, promoting collaborative ecological protection efforts between the two provinces [5] Group 4: Employment Measures in Jinan - Jinan has introduced 20 specific measures to promote high-quality and sufficient employment, focusing on economic development, skill enhancement, and support for key groups [6] - The city has maintained an annual urban employment increase of over 170,000 in recent years, positioning itself as a significant employment hub [6] Group 5: Talent Development in Qingdao - Qingdao has implemented 20 measures to optimize the talent development ecosystem, focusing on identifying, supporting, and empowering talent [7] - The measures include financial support for young talents and specialized professionals, aiming to create a nurturing environment for talent growth [7] Group 6: Jerry's Gas Project in Algeria - Jerry Oilfield Services Group announced a project award worth approximately 6.126 billion yuan for the Rhourde Nouss gas boosting station in Algeria [8] - This project marks an expansion of Jerry's oil and gas engineering services in North Africa, aligning with the company's strategic focus on the Middle East and North Africa [8]

Core Viewpoint - The company has successfully developed and implemented a fully automated drill cleaning machine, addressing long-standing issues with external cleaning equipment in harsh environments [1][2]. Group 1: Equipment Development and Features - The new cleaning machine was designed to meet the specific needs of high-cold regions, utilizing advanced technologies such as a steel wire brush head, infrared photoelectric switch, PLC automation programming, and electromagnetic proximity switch [2]. - The cleaning efficiency of the new equipment can achieve a 100% removal rate of stubborn oil and rust, with the ability to control cleaning force and angle for comprehensive cleaning [2]. - The machine is made from cold-resistant materials and features a special lubrication system, effectively resolving operational issues in low temperatures [2]. Group 2: Cost and Efficiency Benefits - The implementation of the new cleaning machine can save approximately 400,000 yuan in procurement costs per unit and improve cleaning efficiency by 20% compared to traditional methods [2]. - The automation significantly reduces the need for manual intervention, minimizing the risk of misjudgment during the inspection process and lowering subsequent maintenance difficulties [2]. - The company plans to promote the application of this equipment across various work areas to enhance cost reduction and efficiency in drill maintenance [2].

Meeting Details - The shareholders' meeting was held on June 19, 2025, at the conference room 0903, Mingren Building, Anli Road, Chaoyang District, Beijing [1] - The total number of shares held by attending shareholders accounted for 76.6109% of the total shares [1] - The meeting was convened by the board of directors and presided over by Chairman Bai Xuefeng, utilizing a combination of on-site and online voting methods [1] Attendance - Independent directors Zhang Kehua, Zhang Zhankui, and Wang Xuehua attended the meeting, while directors Xue Feng and Song Shaoguang were absent due to urgent business [2] - Other attendees included the financial director Yu Qingjin [2] Voting Results - All non-cumulative voting proposals were approved with significant support, including: - Proposal 1: 4,275,766,999 votes in favor (99.9642%), 1,319,800 against (0.0309%), and 210,000 abstentions (0.0049%) [2] - Proposal 2: 4,275,741,229 votes in favor (99.9636%), 1,336,370 against (0.0312%), and 219,200 abstentions (0.0051%) [2] - Proposal 3: 4,275,641,839 votes in favor (99.9613%), 1,435,570 against (0.0336%), and 219,390 abstentions (0.0051%) [3] - Proposal 4: 4,275,750,429 votes in favor (99.9638%), 1,317,270 against (0.0308%), and 229,100 abstentions (0.0054%) [3] Legal Compliance - The meeting's procedures were confirmed to comply with the Company Law, Securities Law, and relevant regulations, ensuring the legality and validity of the voting process and results [6]

Group 1 - The company announced that its wholly-owned subsidiary, China Petroleum Engineering Construction Co., has signed an EPSCC contract with TotalEnergies for the gas processing plant project at the Atawi oil field in Iraq, with a contract value of $1.601 billion (approximately 11.538 billion RMB) [1] - The execution of this contract will not have a significant impact on the company's total assets, net assets, and net profit for the current year, but it is expected to positively influence the company's operating income and total profit over the next 4-5 years [1]

金融界2025年5月28日消息，国家知识产权局信息显示，中国石油工程建设有限公司、中国石油天然气 集团有限公司、北京迪威尔石油天然气技术开发有限公司、中国石油集团工程设计有限责任公司取得一 项名为"腐蚀介质评价模拟系统及腐蚀介质的评价方法"的专利，授权公告号CN111426798B，申请日期 为2020年04月。 中国石油集团工程设计有限责任公司，成立于2001年，位于北京市，是一家以从事专业技术服务业为主 的企业。企业注册资本160000万人民币。通过天眼查大数据分析，中国石油集团工程设计有限责任公司 共对外投资了1家企业，参与招投标项目467次，财产线索方面有商标信息3条，专利信息251条，此外企 业还拥有行政许可14个。 来源：金融界 中国石油天然气集团有限公司，成立于1990年，位于北京市，是一家以从事燃气生产和供应业为主的企 业。企业注册资本48690000万人民币。通过天眼查大数据分析，中国石油天然气集团有限公司共对外投 资了105家企业，参与招投标项目5000次，财产线索方面有商标信息1446条，专利信息5000条，此外企 业还拥有行政许可28个。 北京迪威尔石油天然气技术开发有限公司，成立于2 ...

Group 1 - The establishment of China National Petroleum Corporation (CNPC) Project Management Co., Ltd. has been announced, with Xu Xianwen as the legal representative [1] - The registered capital of the new company is 40 million RMB [1] - The business scope includes engineering management services, engineering technology services, bidding agency services, and sales of new energy power equipment [1] Group 2 - The company is wholly owned by China National Petroleum Group Engineering Co., Ltd. [1]

Group 1 - The stock price of China Oil Engineering (600339) closed at 3.09 yuan on May 23, 2025, down by 0.64% with a turnover rate of 0.53% and a trading volume of 295,000 shares, amounting to a transaction value of 91.81 million yuan [1] - On May 23, the fund flow for China Oil Engineering showed a net inflow of 3.44 million yuan from main funds, while retail funds experienced a net outflow of 1.87 million yuan [2][4] - The company announced that in April 2025, it and its subsidiaries had a total of 45 guarantees amounting to approximately 489 million yuan, with a total guarantee balance of about 47.02 billion yuan as of April 30, 2025, which represents 177.37% of the audited net assets as of December 31, 2024 [2][4] Group 2 - The company plans to add new guarantees not exceeding 51.13 billion yuan for the year 2025, which includes a new bank credit guarantee of up to 18.96 billion yuan and a performance guarantee of up to 32.17 billion yuan [2] - The guarantee plan is effective from January 1, 2025, to December 31, 2025, and all guarantee activities are within the previously approved limits [2]

Core Viewpoint - The company is establishing a new project management subsidiary to enhance its project management capabilities and promote green and digital transformation [1] Group 1: Company Investment - The company’s wholly-owned subsidiary will invest 40 million RMB to establish PetroChina (Beijing) Project Management Co., Ltd., holding a 100% stake [1] - The investment will be funded by the company’s own resources [1] Group 2: Business Focus - The new project management company will integrate the company's project management-related businesses and actively develop comprehensive engineering project consulting services [1] - The main business areas will include engineering consulting, planning, design, and project management for oil, natural gas, chemical, and pharmaceutical sectors both domestically and internationally [1] Group 3: Strategic Goals - The investment aims to optimize the company's management system and improve management efficiency [1] - The establishment of the new subsidiary is expected to enhance the company's overall project management service capabilities, positively impacting its ongoing operational capacity and competitive strength in the future [1]