Core Viewpoint - Sinopec's North China Petroleum Engineering has successfully commenced drilling on its first total package contract well AH-0312 in Kuwait, marking a significant breakthrough in its overseas market strategy and a transition from "construction services" to "general contracting management" [1] Group 1: Project Management and Strategy - The company emphasizes a "front and back integration, multi-professional collaboration" management model to ensure efficient project execution [1] - Comprehensive management covers drilling design, technical plan formulation, material procurement, and on-site operations [1] - An expert team has been dispatched to Kuwait to work closely with Sinopec International Petroleum Engineering Company’s Kuwait branch, enhancing project coordination and decision-making efficiency [1] Group 2: Project Execution and Performance - The SP158 team in Kuwait demonstrated strong execution capabilities, completing a full set of equipment overhaul and startup preparations in just 80 days, exceeding the original contract by one month [1] - The team achieved a rapid transition from passing the client's inspection to officially commencing drilling within 6 days, showcasing high operational efficiency [1] - The comprehensive efficiency of the overhaul and startup ranked first among concurrent preparation teams, earning high recognition from the client and exemplifying the spirit of "daring to fight tough battles and winning them" [1]

Core Viewpoint - The company has signed a fixed-price contract worth approximately $359.12 million (about RMB 2.553 billion) with Total Energies for the NWP project in Iraq, which is expected to positively impact the company's revenue and profits over the next 3-4 years [2][3][10]. Group 1: Contract Details - The contract is for the design, procurement, supply, construction, and commissioning of the NWP project, with a duration of 41 months [3]. - The contract amount is approximately RMB 2.553 billion, which accounts for about 3.15% of the company's projected revenue for 2024 [2][3]. - The contract will be executed in the Iraq Ratawi oil area, with mechanical completion expected by March 31, 2029 [7][8]. Group 2: Counterparty Information - Total Energies is a global energy giant headquartered in Courbevoie, France, established in 1924, and the Ratawi project company was specifically formed to develop the Ratawi oil field in Iraq [4]. Group 3: Impact on the Company - The contract is not expected to have a significant impact on the company's total assets, net assets, or net profit for the year 2025 [10]. - The long-term nature of the contract is anticipated to generate positive effects on the company's revenue and profit totals over the next 3-4 years [10]. - The implementation of this contract will not affect the company's independence, and the main business will not become dependent on the counterpart [10].

Group 1 - Yong'an Pharmaceutical plans to acquire 49.2% equity of its subsidiary Ling'an Technology for 27 million yuan, aiming for full control to enhance management and accelerate business expansion in the creatine sector [3] - Dongfang Materials received an administrative regulatory decision from the China Securities Regulatory Commission, requiring rectification of accounting and internal control issues within 30 days, but it will not affect daily operations [4] - Zhongwei Semiconductor submitted an application for H-share issuance to the Hong Kong Stock Exchange, marking a step towards listing on the main board [5] - Kangtai Biological's application for a flu virus split vaccine has been accepted by the National Medical Products Administration, which could enhance the company's product portfolio and market position if approved [6] - Jialiqi intends to transfer 35% equity of Xi'an Junhui Aviation Technology to a related party for 20.87 million yuan, resulting in no remaining stake in the company [7] Group 2 - Jinma Leisure's chairman completed a share reduction plan, selling 3.83 million shares, which accounts for 2.43% of the company's total equity [9] - Heng Rui Medicine signed a licensing agreement for the drug Rukang Trastuzumab, with potential milestone payments up to 1.093 billion USD, enhancing its overseas market presence [11] - Linyang Energy won a procurement project from the State Grid worth approximately 142 million yuan, expected to positively impact the company's performance in 2025 and 2026 [12] - Sinopec Oilfield Services' subsidiary signed a contract worth 359 million USD for a project in Iraq, which is projected to contribute 3.15% to the company's 2024 revenue [13]

Group 1 - The core point of the article is that Sinopec Oilfield Service Corporation has signed a fixed-price contract worth approximately $359.12 million (around RMB 2.55 billion) with TotalEnergies for the Iraq Ratawi oil field project [1] - The contract includes design, procurement, supply, construction, and trial operation services for the second phase of the Ratawi oil field and pipeline project [1] - As of the report date, Sinopec Oilfield Service's market capitalization is approximately RMB 39.2 billion [1] Group 2 - For the first half of 2025, Sinopec Oilfield Service's revenue composition is as follows: drilling accounts for 51.45%, engineering construction 23.47%, special downhole operations 14.68%, others 10.53%, and logging 8.24% [1]

Core Viewpoint - The company, Sinopec Oilfield Service Corporation, has signed a contract worth $359 million with TotalEnergies for a project in Iraq, which is expected to contribute significantly to its 2024 revenue [1] Group 1: Contract Details - The contract is for the second phase of the Latifiya oil field and includes well site and inter-well pipeline projects [1] - The total contract amount is approximately 2.553 billion RMB, representing 3.15% of the company's projected revenue for 2024 [1] - The duration of the contract is 41 months, with mechanical completion expected by March 31, 2029 [1]

Group 1 - Sinopec Oilfield Services announced a contract signing with TotalEnergies for the NWP project in Iraq, covering design, procurement, supply, construction, and commissioning [1] - The total contract value is approximately $359,118,182, equivalent to about 2.553 billion RMB, representing 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The contract is scheduled for mechanical completion by March 31, 2029, with payments made based on milestone achievements and project progress [1]

Core Viewpoint - Sinopec Oilfield Services (01033.HK) has signed a fixed-price contract worth approximately $359.12 million (around RMB 2.553 billion) for the NWP project in Iraq, which represents about 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1] Group 1 - The contract was signed between Sinopec's wholly-owned subsidiary, China Petroleum Engineering International Co., Ltd., and Total Energy for the Latifiya project [1] - The NWP project includes the design, procurement, supply, construction, and commissioning of facilities, with a completion date set for March 31, 2029 [1] - The project has a duration of 41 months and involves the construction of 5 new production and injection well sites, upgrades to 11 existing well sites, and approximately 140 kilometers of gathering pipelines [1]

公司全资附属公司中石化石油工程建设有限公司负责实施本次签约NWP项目，该项目为EPSCC合同， 工期41个月，涉及5座新生产及回注井场、11座老井场改造升级、44条集输管线约140公里以及配套的光 缆、电缆等。 格隆汇9月24日丨中石化油服(01033.HK)发布公告，近日，公司的全资附属公司中国石化集团国际石油 工程有限公司与道达尔能源拉塔维项目公司就伊拉克拉塔维油区二期井场及井间管线项目("NWP项目") 正式签署设计、采购、供应、施工、试运交钥匙固定总价合同，该合同金额约为3.59亿美元(约人民币 25.53亿元)，约占公司中国会计准则下2024年营业收入的3.15%，将按里程碑节点和工程进度付款。该 合同将于2029年3月31日实现机械完工。 ...

Core Viewpoint - Sinopec Oilfield Services Corporation has signed a fixed-price contract worth $359 million (approximately RMB 2.553 billion) with TotalEnergies for the NWP project in Iraq, which is expected to positively impact the company's revenue and profit over the next 3-4 years [1][1][1] Group 1 - The contract represents about 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The project will be executed by Sinopec Petroleum Engineering Construction Company and has a duration of 41 months, involving the construction of 5 new production and injection well sites, upgrades to 11 existing well sites, and approximately 140 kilometers of gathering pipelines [1][1] - The contract is expected to be mechanically completed by March 31, 2029, with payments made according to milestone achievements and project progress [1][1][1] Group 2 - The execution of this contract is not expected to have a significant impact on the company's total assets, net assets, and net profit for the fiscal year 2025 [1] - The long duration of the contract may lead to a positive influence on the company's revenue and total profit in the coming years [1][1] - The company warns that unforeseen market or economic factors could potentially affect the normal execution of the contract, advising investors to remain cautious [1]

Core Points - Sinopec Oilfield Services (01033) announced the signing of a fixed-price contract worth $359 million (approximately RMB 2.553 billion) with TotalEnergies for the NWP project in Iraq, which represents about 3.15% of the company's projected revenue for 2024 under Chinese accounting standards [1][1][1] - The contract will be executed by Sinopec's wholly-owned subsidiary, Sinopec Petroleum Engineering Construction Company, and has a duration of 41 months, involving the construction of 5 new production and injection well sites, upgrades to 11 existing well sites, and approximately 140 kilometers of gathering pipelines [1][1][1] - The contract is expected to positively impact the company's revenue and profit over the next 3-4 years, although it will not significantly affect the total assets, net assets, and net profit for the fiscal year 2025 [1][1][1]