Core Insights - The SP158 team of Sinopec has achieved a significant milestone by being awarded the "15 Years of Accident-Free Safety" honor by Kuwait Oil Company (KOC), marking a record for Sinopec in Kuwait and making SP158 the first drilling team in KOC's history to receive this accolade [1] Group 1: Safety Achievements - SP158 team has maintained a continuous safe production record of 5,485 days and completed 130 wells, ranking among the top teams out of 130 at KOC [1] - The team has been recognized for its safety management practices, which include innovative safety mechanisms and a strong safety culture [4][6] Group 2: Technical Collaboration - SP158 has become KOC's preferred partner for technical innovation, successfully completing high-risk projects such as the RA104 well and the SA-861 well, setting records for safety and efficiency [2] - The team has implemented new technologies and processes, creating a closed-loop collaboration model that emphasizes safety and technical problem-solving [2] Group 3: Talent Development - SP158 is recognized as a "drilling safety training school," having trained numerous foreign drilling engineers and developed key technical personnel for both Sinopec and KOC [3] - The team fosters a strong learning and mutual support culture, which is highly valued by KOC [3] Group 4: Management Innovations - The team has introduced a dual mechanism of "Safety Micro Groups" and overseas safety inspections, creating a comprehensive management system for daily safety oversight [4] - Employee engagement in safety reporting has increased, with over 1,200 suggestions collected, leading to the development of standardized operating procedures [4] Group 5: Cultural Cohesion - SP158 promotes a "family culture" that bridges cultural differences among its diverse workforce, enhancing trust and collaboration [6] - The team integrates safety awareness into family life, encouraging employees to share their family connections and safety commitments [5][6]

Core Viewpoint - The company emphasizes green drilling practices while achieving significant economic benefits, showcasing a commitment to both environmental protection and operational efficiency [1][2]. Group 1: Economic Performance - The newly launched three wells at the Shengli Oil Engineering Company have achieved an initial daily oil production exceeding 100 tons, resulting in good economic returns [1]. - The company reported a drilling footage of 1.8642 million meters, exceeding the scheduled progress by 6.43%, with a year-on-year increase of 177,100 meters in the first five months [2]. Group 2: Environmental Initiatives - The company has established a carbon asset management platform and developed a carbon footprint model, filling a gap in the carbon footprint standard system for the oil and gas drilling industry [2]. - The company has implemented a "zero waste" initiative, retiring old drilling platforms and high-energy-consuming rigs, while promoting the use of automated and electrified drilling equipment [2]. - The company has committed to environmental promises, ensuring no gas emissions, noise disturbances, water discharge, or oil spills during operations [2]. Group 3: Green Development Strategies - The company has initiated a comprehensive green low-carbon work implementation plan, focusing on reducing carbon emissions and enhancing green development [1]. - The company is advancing projects in geothermal power generation, natural gas hydrate development, and in-situ combustion power generation from deep coal seams [3]. - A one-stop material supply system has been established to create an automated green supply chain, including the transportation of 100,000 tons of fracturing sand and 100,000 bags of chemicals [3].

Core Viewpoint - The successful application of self-suspending sand fracturing technology marks a significant advancement in efficient and environmentally friendly fracturing techniques for the company [1][3]. Group 1: Technology and Innovation - The self-suspending sand fracturing technology was tested in the Yi 81 and Zhuang 80 well groups, achieving a 100% success rate in five wells and seven segments of fracturing operations [1]. - This technology differs from conventional fracturing methods by utilizing a unique proppant design that allows for better sand suspension and flow, addressing common challenges such as sand blockage and uneven distribution [1]. - The technology's effectiveness was further validated in the commercial application at the Shang 541-Oblique 25 well, which resulted in a significant increase in average daily oil production [2]. Group 2: Research and Development - The company has established a comprehensive research framework that includes material modification, process optimization, and on-site adaptation to support the self-suspending sand fracturing technology [2]. - Prior to the application, the technical team conducted in-depth analyses of geological conditions and reservoir characteristics to develop precise fracturing plans [2]. - Extensive laboratory evaluations were performed to optimize the properties of the self-suspending sand, leading to the formulation of the most effective fracturing fluid and operational parameters for the project [2]. Group 3: Operational Efficiency - The successful implementation of the self-suspending sand fracturing technology exemplifies the company's integrated operational model, which combines geological analysis, design, construction organization, and material optimization [3]. - The on-site technical team effectively monitored and adjusted the sand ratio during operations, achieving over 35% conventional proppant sand ratio and an 80% reduction in resistance, resulting in a highly efficient fracturing process [2].

Core Viewpoint - The recent notification from the National Energy Administration aims to promote the construction of a new power system through seven key directions, which is expected to improve the consumption situation of renewable energy and benefit leading national renewable energy generation companies [2][3]. Group 1: Market Performance - As of June 6, 2025, the China Securities National New State-Owned Enterprises Modern Energy Index (932037) increased by 0.19%, with notable gains from Yunnan Copper (000878) at 1.61% and China Power Construction (601669) at 1.48% [1]. - The National State-Owned Enterprises Modern Energy ETF (561790) rose by 0.28%, with a recent price of 1.06 yuan, and has accumulated a 1.93% increase over the past month [1]. Group 2: Policy Impact - The notification outlines seven focus areas for pilot projects, including grid-structured technology, system-friendly renewable power plants, smart microgrids, and virtual power plants, which are expected to catalyze advancements in the energy sector [2]. - The emphasis on clean and efficient transformation of coal power units is anticipated to stimulate demand for zero-carbon and low-carbon fuels, aiding the successful transition of coal power and enhancing profitability and valuation [2][3]. Group 3: ETF Performance Metrics - The China Securities National New State-Owned Enterprises Modern Energy ETF has recorded a maximum monthly return of 10.03% since its inception, with an average monthly return of 3.17% and a historical one-year profit probability of 76.10% [3]. - As of June 5, 2025, the ETF's maximum drawdown this year was 7.91%, with a management fee of 0.50% and a custody fee of 0.10%, making it one of the lowest in its category [3]. Group 4: Top Holdings - As of May 30, 2025, the top ten weighted stocks in the index accounted for 51.1%, with Changjiang Electric (600900) leading at 10.48% [4][5].

Core Viewpoint - The company is focusing on innovation-driven approaches to enhance core technologies and resource utilization in the oil and gas exploration and development sector, thereby strengthening national energy security [2]. Group 1: Innovation in Drilling Tools - The technical team is conducting 3D modeling analysis to address structural defects in traditional drill rods, which can lead to stress concentration and leakage accidents [3]. - New high-torque drill tools have been developed, significantly improving torque resistance by over 60% compared to conventional drill rods, while also reducing drilling fluid flow resistance [3]. - The new drill tools have completed operations on 14 wells, achieving a reduction in casing pressure by 1 to 1.5 MPa per kilometer and saving over 2000 kWh of electricity per day during drilling [3]. Group 2: Enhancing Exploration Efficiency - The company has established a collaborative innovation system that integrates production, learning, research, and application, promoting seamless connections between technology development and production needs [4]. - An intelligent well control system has been developed, improving emergency response speed by over 65% through a one-click shut-in feature [4]. Group 3: Accelerating Technology Application - A closed-loop mechanism has been created to ensure that frontline needs are met through technical breakthroughs and field validation, resulting in 23 improvement suggestions, with 15 already implemented [5]. - Innovations such as a high-capacity pressure testing vehicle and a tapered rubber core gate have been developed to enhance drilling efficiency and reduce operational time by 2 to 3 hours per well [5]. Group 4: Resource Optimization - The company is implementing a dual-track development model focusing on "remanufacturing + modification" to enhance cost efficiency [6]. - Over 100 old heavy drill rod joints have been remanufactured using friction welding technology, effectively extending the service life of drilling tools [6]. - New seamless integrated structures have been developed to improve the sealing strength and impact resistance of gas discharge pipelines, reducing leakage risks [6]. Group 5: Advanced Repair Techniques - Laser cladding technology is being utilized to repair worn-out drill tools, effectively restoring their load-bearing capacity and addressing risks associated with long-term use [7]. - The company aims to become a leading provider of drilling tool technology in the industry, continuously focusing on technological innovation to bolster national energy security [7].

2017年，在郑41-平2井，技术团队在国内陆上首次使用合成基钻井液体系，最高日产油量达到29吨，展 现了该体系优良的储层保护效果。 "该井一趟钻完钻，进尺2546米，机械钻速16.61米/小时，钻井周期缩短46%。合成基钻井液再次交出了 完美答卷。"近日，在胜利济阳国家级页岩油示范区重点井施工现场，中石化胜利石油工程公司钻井液 技术服务中心胜利项目管理部负责人和钻井方负责人击掌相庆。 钻井液被称为"钻井的血液"，对钻井质量好坏起着关键作用。钻井液技术服务中心项目团队"十年磨一 剑"，研究出全新的合成基钻井液技术，有力支撑了胜利页岩油的勘探开发和准噶尔盆地深层的油气发 现。近日，合成基钻井液技术研究及产业化应用获2024年度中石化科技进步二等奖。 把实验室搬到钻井现场 近年来，随着非常规页岩油气勘探开发成为热点，问题与困难也接踵而至。 "与国内外页岩油相比，胜利页岩油埋藏深、压力高、温度高、断层多，开采属于世界级难题。页岩地 层井壁失稳、涌漏同存、地层流体污染频发，常规钻井液难以适应。钻井液高温失效、裂缝性漏失以及 原油污染增稠等技术难题亟待解决。"钻井液技术服务中心经理李科深有体会。 无独有偶，在新疆准噶尔 ...

双语安全视频破解培训难题 "中国石化在数字化钻井和安全管理方面不断突破，为双方15年合作共赢和共同发展奠定了基 石。"3月10日，科威特国家石油公司钻井部经理阿里·达乌德在月度安全环保与员工福祉交流会上评价 道。今年以来，中原石油工程公司在科威特市场推行安全风险预报自动化系统、双语安全培训视频、电 子风险观察卡等数字化安全技术手段，为海外施工队伍筑起了坚实的安全屏障。 生产日报变身风险预警神器 "靠程序就能预测施工风险？"阿卜杜是中原石油工程科威特公司SP-985队的甲方工程监督，起初他 对新预警方式持怀疑态度，坚持认为安全管理必须依赖现场人盯人的传统方式。 2024年，SP-985队承担了全年100余口井的修井任务，频繁地隔天搬迁作业给安全生产带来巨大挑 战。科威特公司经理陈小新在与技术人员的交流中萌生灵感："能否运用大数据提升安全管理效率？"他 带领研发团队，从21种高危作业中提炼风险逻辑，将吊装作业、井下施工等风险点转化为算法模型。 2024年6月，安全风险预报自动化系统正式上线。基层队在生产日报中勾选"下套管""井队搬迁"等 选项后，系统会自动抓取关键词并生成风险清单，效率远超人工总结。"这比有20年 ...