Core Points - The company has won a construction contract for the Ning Shao natural gas pipeline west section project from the National Petroleum and Natural Gas Pipeline Group, with a bid amount of RMB 858 million, accounting for approximately 1.06% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The project involves a pipeline construction length of approximately 120 kilometers and is expected to positively impact the energy structure optimization in Zhejiang Province, stimulate economic development along the pipeline, and contribute to the formation of a national natural gas network [1] - The company’s professional technical level and construction management capabilities are highlighted through this project [1] Related Transactions - The company has approved the maximum limit for daily related transactions with the National Petroleum and Natural Gas Pipeline Group for 2025 during its board meetings held on March 18, 2025, and June 6, 2025 [2] - The relevant amounts for the projects won from the National Pipeline Group have been included in the aforementioned maximum limit for daily related transactions for 2025 [2] Contract Status - The contract for the project has not yet been formally signed, indicating that there is still uncertainty regarding the project [3]

Core Viewpoint - The company, PetroChina Oilfield Services (stock code: 600871), announced that its wholly-owned subsidiary, Sinopec Petroleum Engineering Construction Co., Ltd., has won a bid for the construction general contracting project of the western section of the Yongshao natural gas pipeline, with a contract value of 858 million yuan, which accounts for approximately 1.06% of the company's projected revenue for 2024 under Chinese accounting standards [1] Summary by Category - **Company Announcement** - PetroChina Oilfield Services reported a successful bid for a significant construction project valued at 858 million yuan [1] - **Financial Impact** - The contract amount represents about 1.06% of the company's expected revenue for the year 2024 [1]

Group 1 - The company announced that its wholly-owned subsidiary, Sinopec Petroleum Engineering Construction Co., Ltd., has won a bid for the construction general contracting project of the western section of the Yongshao natural gas pipeline by the National Petroleum and Natural Gas Pipeline Group Co., Ltd. [1] - The bid amount is 858 million yuan, which accounts for approximately 1.06% of the company's projected revenue for 2024 under Chinese accounting standards [1]

Group 1 - The core point of the article is that Sinopec Oilfield Services (01033) announced that its wholly-owned subsidiary won a construction contract for the western section of the Yongshao natural gas pipeline project, with a bid amount of RMB 858 million, accounting for approximately 1.06% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The total length of the pipeline project is approximately 120 kilometers, which is expected to positively impact the optimization of the energy structure in Zhejiang Province and stimulate economic development along the pipeline [1] - The project highlights the company's professional technical capabilities and construction management skills in the oil engineering construction sector [1] Group 2 - Currently, the contract has not been formally signed by the relevant parties, indicating that there is still uncertainty regarding the project [1]

Group 1 - The company, PetroChina Oilfield Services (600871.SH), announced that its wholly-owned subsidiary, Sinopec Petroleum Engineering Construction Co., Ltd., has won a bid for the construction project of the western section of the Ning-Shao natural gas pipeline, with a contract value of RMB 858 million, accounting for approximately 1.06% of the company's projected revenue for 2024 under Chinese accounting standards [1] - The project involves the construction of a pipeline approximately 120 kilometers long, which is expected to positively impact the optimization of the energy structure in Zhejiang Province, stimulate economic development in the surrounding areas, and accelerate the formation of a national natural gas network [1] - This achievement highlights the company's professional technical capabilities and construction management skills in the field of petroleum engineering construction [1]