Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone by completing a deepwater drilling operation in southern China in just 11.5 days, setting a new record for drilling cycles at depths of 3500-4000 meters, which demonstrates the advanced capabilities of China's independent deepwater drilling technology [1][3][4] Group 1 - The successful drilling operation breaks the previous record and validates the effectiveness of China's complete deepwater drilling technology system, which is crucial for scaling up deepwater oil and gas resource development and supporting the country's goal of maintaining an annual crude oil production of 200 million tons [1][4] - Deepwater drilling is characterized by high risks, high costs, and high technical demands, with CNOOC's technology and operational capabilities being at the forefront globally [3][4] - CNOOC has developed a unique deepwater drilling technology system and lean management model, breaking down drilling tasks into hundreds of routine operations and coordinating various technical teams to ensure safe and efficient operations throughout the drilling process [4][6] Group 2 - Since the 14th Five-Year Plan, CNOOC has successfully developed several large-scale projects, including the Dongfang 13-2 gas field and the Shenhai No. 1 deepwater gas field, which have accelerated the development of complex offshore oil and gas resources and boosted the marine drilling equipment industry [4][6] - The future of deepwater oil and gas development will focus on deeper and faster drilling, leveraging data-driven and intelligent decision-making processes to enhance operational efficiency and safety [6][7] - The breakthroughs in deepwater drilling technology not only improve operational efficiency and safety but also provide a "Chinese solution" for global deepwater oil and gas development, showcasing China's independent innovation capabilities in marine technology [7]

Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has achieved a significant milestone by completing a deepwater drilling operation in 11.5 days, setting a new record for drilling cycles in ultra-deep water depths of 3500 to 4000 meters, showcasing the advanced capabilities of China's independent deepwater drilling technology [2][3]. Group 1: Technological Advancements - The successful drilling operation demonstrates the effectiveness of China's complete technical system for deepwater drilling and the "intelligent" technology strength in the ultra-deepwater drilling sector [2]. - CNOOC has developed a unique deepwater intelligent drilling technology system and lean management model, breaking down drilling tasks into hundreds of routine operations, which enhances safety and efficiency throughout the drilling process [2]. Group 2: Industry Growth and Impact - Since the 14th Five-Year Plan, the volume of deepwater well drilling operations in China has increased by over 74% compared to the previous five years, supporting the production of large deepwater oil and gas projects and the continuous rise in marine oil and gas output [3]. - Major projects such as the "Deep Sea No. 1" and the Lingshui 36-1 gas fields have been efficiently drilled, contributing to the large-scale development of complex offshore oil and gas resources and accelerating the growth of China's marine drilling equipment industry [3]. Group 3: Future Directions - CNOOC aims to further advance deepwater oil and gas development technologies towards deeper and faster drilling, transitioning from experience-driven to data-driven and intelligent decision-making processes [3]. - The breakthroughs in deepwater drilling technology not only enhance operational efficiency and safety but also provide a "Chinese solution" for global deep-sea oil and gas development, highlighting China's independent innovation capabilities in marine technology [3].