Core Viewpoint - China National Offshore Oil Corporation (CNOOC) has launched an "Artificial Intelligence+" initiative aimed at integrating AI technology into the entire marine energy industry chain, with a goal to develop over 10 high-quality datasets and establish more than 8 AI benchmark scenarios by 2027 [1][3] Group 1: Action Plan and Objectives - The action plan emphasizes four main areas: "Scenario Navigation," "Data Pulse," "Platform Foundation," and "Talent Introduction" to drive the integration of AI technology [1] - CNOOC aims to create over 10 high-quality marine oil and gas datasets and develop more than 3 professional-grade models by 2027 [1] Group 2: Technology and Product Launches - CNOOC introduced five products that leverage AI, big data, and industrial IoT technologies, including the integrated business management system (BMS) and the asset management system (EAM) [2] - The BMS focuses on core business indicators for exploration and development, ensuring data traceability across all business processes [2] - The EAM enhances asset management efficiency and reliability, promoting cost reduction and increased efficiency [2] - The "Xuanji Cloud" platform enables real-time monitoring and remote collaboration, achieving 100% coverage of domestic and international operations [2] - The "Tianshu Cloud" integrates six key processes in LNG resource management, facilitating data exchange and collaboration across various stakeholders [2] Group 3: Future Directions - CNOOC plans to continuously enhance its technological innovation and digital transformation capabilities, contributing to the establishment of a world-class demonstration enterprise in the marine energy sector [3]

Core Viewpoint - CNOOC Services (中海油服) has achieved continuous growth in revenue and net profit for three consecutive years, with a focus on advancing "smart oil services" and increasing R&D investment [2][3][4]. Financial Performance - In 2024, CNOOC Services reported a revenue of 48.302 billion yuan, representing a year-on-year increase of 9.51%, and a net profit of 3.137 billion yuan, up 4.11% from the previous year [2][4]. - From 2022 to 2024, the company's revenue increased by approximately 65%, while net profit surged nearly ninefold [5]. R&D Investment - CNOOC Services has consistently increased its R&D expenditure, totaling over 3.6 billion yuan from 2022 to 2024 [3][12]. - The R&D personnel accounted for 11.3% of the total workforce, with 55.5% of R&D staff holding a master's degree or higher [12]. Business Segments - The drilling services segment generated a revenue of 13.207 billion yuan in 2024, reflecting a growth of 9.4% [6]. - The oilfield technical services segment achieved a revenue of 27.655 billion yuan, up 7.4% year-on-year [8]. - The marine services segment reported a revenue of 4.769 billion yuan, marking a significant increase of 20.9% [9]. - The geophysical exploration and engineering survey services generated a revenue of 2.67 billion yuan, with a growth of 14.1% [9]. Market Position and Strategy - CNOOC Services is recognized as China's largest offshore drilling contractor and a major player in the international drilling market, operating 62 drilling platforms as of the end of 2024 [5]. - The company aims to enhance its international operations, with revenue from international markets reaching 10.885 billion yuan, a 14.9% increase, accounting for 22.5% of total revenue [10]. Capital Expenditure - In 2024, CNOOC Services completed capital expenditures of 7.32 billion yuan, achieving 98.4% of its annual budget [14]. - The company anticipates capital expenditures of around 7.2 billion yuan for 2025, focusing on equipment investment, technology upgrades, and R&D [14].