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 - Sinopec Oilfield Services (600871) announced the signing of a fixed-price contract for the design, procurement, supply, construction, and trial operation of the Iraq Ratavi oil field phase II well site and inter-well pipeline project [1] - The contract is valued at 2.553 billion RMB [1]

Group 1 - The company, PetroChina, announced that its wholly-owned subsidiary, China Petroleum Engineering & Construction Corporation, signed a fixed-price contract worth $359,118,182 with Total Energies for the NWP project in Iraq [1] - The contract involves design, procurement, supply, construction, and commissioning for the second phase of the Ratawi oil field and associated pipeline project [1] - The contract amount is approximately 2.553 billion RMB, based on the exchange rate of 1 USD = 7.1077 RMB as of September 24, 2025 [1]

Core Viewpoint - The company has signed a fixed-price contract worth $359 million with TotalEnergies for the NWP project in Iraq, which is expected to positively impact its revenue and profit over the next 3-4 years [1] Group 1: Contract Details - The contract is for design, procurement, supply, construction, and trial operation for the NWP project [1] - The contract amount is $359 million [1] Group 2: Company Background - TotalEnergies is a global energy giant headquartered in Courbevoie, France, established in 1924 [1] - The TotalEnergies Ratawi project company was specifically formed to develop the Ratawi oil field in Iraq [1] Group 3: Financial Impact - The long duration of the contract is expected to have a positive impact on the company's operating revenue and total profit over the next 3-4 years [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]

石化油服（600871）(600871.SH)公告，公司全资子公司中国石化集团国际石油工程有限公司(简称"国工 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(简称"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，合同金额3.59亿美元。 公告显示，道达尔能源公司是一家总部位于法国巴黎库尔贝瓦的全球化能源巨头，成立于1924年。道达 尔能源拉塔维项目公司是为道达尔能源公司开发伊拉克拉塔维油田而专门成立的项目公司。由于合同履 行期较长，该合同实施后将对本公司未来3-4年的营业收入和利润总额产生一定积极影响。 ...

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]