Core Viewpoint - The company has approved a plan to use its surplus reserves to cover accumulated losses, which will not affect its registered or paid-in capital, nor the rights of creditors [1] Group 1: Financial Actions - The company will utilize a total of 319,058,750.37 yuan from its surplus reserves, including 22,677,057.39 yuan from retained earnings and 296,381,692.98 yuan from capital reserves, to offset accumulated losses [1] - Following this action, the company's retained earnings will be reduced to 0 yuan, and capital reserves will decrease to 1,014,037.50 yuan [1] Group 2: Corporate Governance - The plan was approved by the eighth board of directors and the supervisory board, and subsequently ratified by the second extraordinary general meeting of shareholders on September 25, 2025 [1] - The company has notified creditors to assess debt risks as per regulations and has advised investors to pay attention to announcements and risks [1]

Core Points - The event celebrated the 50th anniversary of Zhongyuan Oilfield's discovery, themed "Fifty Years of Supply Route, New Journey to Compose a New Chapter" [1] - Six typical stories were selected to reflect the development and achievements of the company over the past five decades [1] Summary by Categories - **Company History** - The story "Striving for Fifty Years, Setting Sail for a New Journey" reviews the development history of Zhongyuan Oilfield's material work over 50 years [1] - **Procurement Reforms** - The story "Intelligent Procurement Standardization" shares the achievements of procurement system reforms since 2020 [1] - **Quality Control** - The story "Quality Guardian of the Hundred-Mile Oilfield" showcases the dedication of employee Lv Hongbin in maintaining quality standards [1] - **Employee Dedication** - The story "Find 'Old Xie' for Help" highlights the spirit of dedication from grassroots employee Xie Jiang [1] - **Innovation in Waste Management** - The story "Material Adjustment Made Wonderful by You" discusses employee Jie Junfeng's innovative practices in disposing of waste materials [1] - **Market Expansion** - The story "Traversing Mountains and Rivers to Explore the Market" pays tribute to the fighting spirit of those who ventured into new markets [1]

Core Insights - China National Offshore Oil Corporation (CNOOC) has successfully developed the "Haiheng" high-end cementing technology, overcoming challenges in cementing operations for ultra-high temperature gas wells in the Gulf of Thailand [1] - The "Haiheng" system represents a comprehensive product system for oilfield chemical technology, crucial for drilling and cementing operations, ensuring stable fluid environments and pathways in oil and gas wells [1] - Over the past five years, "Haiheng" has transitioned from a single service model to an integrated "product + service" solution, establishing a complete industrial chain from research to sales [1] Technology and Application - The "Haiheng" system includes a "ten major technology system" for wellbore working fluids, enabling precise control of fluid performance through molecular design [1] - The technology provides a safe and efficient solution for the exploration and development of deep-water and deep-layer oil and gas resources [1] Market Impact - CNOOC has established China's first marine oilfield chemical green manufacturing plant in Quanzhou, leveraging policy and industrial advantages [1] - The core products, including high-temperature emulsifiers and efficient lubricants, have achieved international leading performance, addressing global challenges in oilfield operations [1] - The company has generated nearly 6 billion yuan in overseas revenue, offering a complete "Chinese solution" for global marine oil and gas exploration and development [1]

Core Insights - Shengli Oilfield's "Data Governance Empowering Enterprise Digital Transformation" case has been recognized as an excellent example of digital transformation in the petroleum and chemical industry during the 14th Five-Year Plan, establishing a benchmark for innovation practices in the sector [1] Group 1: Digital Transformation Achievements - Shengli Oilfield has established a comprehensive data governance system covering all business areas and the entire lifecycle, driven by "data-driven, platform-enabled, and service-coordinated" principles [1] - A data governance committee led by senior management has been formed, creating a collaborative mechanism that integrates business leadership, technical support, and management enhancement [1] - The oilfield has systematically organized data from 68 units, 555 data sources, over 180,000 data tables, and more than 4.3 million data items, resulting in the establishment of a unified data lake that effectively breaks down "data silos" [1] Group 2: Efficiency Improvements - The development of a unified no-code reporting tool has significantly reduced the average delivery cycle of data interfaces from 32.3 days to 2 days, transforming the data service model from "passive response" to "active empowerment" [1] - Full-process data quality control has been implemented, resulting in the rectification of over 2.31 million problematic data entries, which has notably enhanced data credibility [1] - Data governance has led to substantial benefits, including a 75% reduction in oil and gas production data collection time, a 12-hour savings in single well settlement processes, and a total of over 530,000 hours saved annually [1] Group 3: Recognition and Certification - In 2024, Shengli Oilfield will be the first in the domestic oil and gas sector to achieve a Level 4 certification in data management capability maturity assessment [1]

Group 1 - The core viewpoint of the news highlights the recent trading performance of China National Offshore Oil Corporation (CNOOC), indicating a decline in stock price and net financing outflow on September 23 [1] - On September 23, CNOOC's stock price fell by 0.19%, with a trading volume of 874 million yuan, and a net financing outflow of 23.37 million yuan [1] - As of September 23, the total margin balance for CNOOC was 1.578 billion yuan, with the financing balance accounting for 2.01% of the circulating market value, which is below the 10th percentile level over the past year [1] Group 2 - CNOOC, established on August 20, 1999, primarily engages in the exploration, production, and sales of crude oil and natural gas, with operations in various countries including China, Canada, the USA, the UK, Nigeria, and Brazil [2] - For the first half of 2025, CNOOC reported a revenue of 207.608 billion yuan, a year-on-year decrease of 8.45%, and a net profit attributable to shareholders of 69.533 billion yuan, down 12.79% year-on-year [2] - CNOOC has distributed a total of 224.335 billion yuan in dividends since its A-share listing, with 176.364 billion yuan distributed over the past three years [3]

Group 1 - The core point of the article is that China National Offshore Oil Corporation (CNOOC) has activated "typhoon production mode" for 31 offshore facilities in the eastern South China Sea due to the impact of super typhoon "Haikui" [1] Group 2 - The "typhoon production mode" allows for short-term unmanned production, ensuring operational continuity during severe weather conditions [1]

Core Viewpoint - The appointment of Huang Yongzhang as the new General Manager of China National Offshore Oil Corporation (CNOOC) marks a significant leadership change within the company, following the transition of the previous General Manager to China National Petroleum Corporation (CNPC) [1][2]. Group 1: Leadership Change - Huang Yongzhang has been appointed as the Director, General Manager, and Deputy Secretary of the Party Leadership Group of CNOOC, replacing his previous role as Deputy General Manager and Party Member of CNPC [1][2]. - The announcement was made during an expanded leadership meeting of CNOOC on September 19, 2023, by representatives from the Central Organization Department [1]. Group 2: Background of Huang Yongzhang - Huang Yongzhang, born in 1967, holds a doctoral degree in engineering and is a senior engineer [2]. - His previous positions include Vice President of China Petroleum Nile Company, Deputy General Manager and Safety Director of China Petroleum Exploration and Development Company, and General Manager of China Petroleum Middle East Company [2]. Group 3: Company Overview - CNOOC, established on February 15, 1982, is a large state-owned enterprise and the largest offshore oil and gas producer in China [2]. - The company has a registered capital of 113.8 billion yuan and operates five publicly listed subsidiaries both domestically and internationally [2].

Group 1 - The core point of the article is the appointment of Huang Yongzhang as the new Chairman, General Manager, and Deputy Secretary of the Party Committee of China National Offshore Oil Corporation (CNOOC) [1] - The announcement was made during an expanded leadership meeting held on September 19, 2025 [1] - The decision was communicated by officials from the Central Organization Department, indicating a formal process in the appointment [1]

Core Viewpoint - The Central Organization Department announced the appointment of Huang Yongzhang as the new General Manager of China National Offshore Oil Corporation (CNOOC), indicating a significant leadership change within the company [1] Group 1 - Huang Yongzhang has been appointed as the Director, General Manager, and Deputy Secretary of the Party Committee of CNOOC [1] - Huang Yongzhang has been relieved of his previous position as Deputy General Manager and Party Committee Member of China National Petroleum Corporation (CNPC) [1] - The appointment and removal of positions are conducted in accordance with relevant laws and regulations [1]

Core Insights - The successful completion of the world's first dynamic shear testing device for blowout preventers by China National Petroleum Corporation's (CNPC) drilling company marks a significant advancement in dynamic testing capabilities, placing China at the forefront of this technology [1][2] Group 1: Technological Advancement - The newly developed dynamic shear testing device can perform tests under dynamic conditions, addressing the limitations of existing international testing methods that only allow for static shear tests [1] - This innovation is crucial for ensuring well control safety in deep and ultra-deep unconventional oil and gas fields, where rapid and safe cutting of high-strength drill pipes is essential during critical moments [1] Group 2: Research and Development Efforts - The research team, led by the Sichuan Petroleum Safety Institute, has been working since 2021 to tackle challenges in extreme space design, dual-cylinder constant compensation, synchronous shearing, and digital twin technology [1] - After four years and hundreds of validations, the team successfully developed a dynamic shear device capable of handling various complex working conditions, significantly improving emergency response success rates [1] Group 3: Industry Impact - The successful "first shear" fills a technical gap in the American Petroleum Institute (API) drilling equipment standards regarding dynamic shearing, providing critical data for enhancing testing methods [2] - This advancement is expected to play a vital role in upgrading the safety system of the oil industry, contributing to overall operational safety [2]