Group 1 - China National Offshore Oil Corporation (CNOOC) has launched the country's first national-level deepwater oil and gas emergency rescue base, significantly reducing emergency response time in southern maritime areas [1] - The establishment of the rescue base marks a major breakthrough in China's offshore emergency rescue system and is a crucial step in enhancing the deep-sea oil and gas exploration and development framework [1] - The South China Sea holds approximately 24.8 billion tons of oil and 42 trillion cubic meters of natural gas, with about half of these resources located in deepwater areas [1] Group 2 - The domestic emergency response for deepwater oil and gas well control previously relied on foreign assistance, with an average response time of about 30 days; the new domestic capabilities can now respond within 48 hours [1] - Since the 14th Five-Year Plan, China has developed several deepwater oil and gas fields, including the "Deep Sea No. 1" gas field, which is the largest offshore gas field in terms of production [1] - CNOOC has improved its ultra-deepwater marine equipment manufacturing capabilities, launching the "Qinghai Techigh" brand for deepwater oil and gas production equipment [2] Group 3 - In 2024, China's dependence on foreign oil is projected to be approximately 71.9%, while natural gas dependence is expected to be around 41%, highlighting the urgency to enhance energy security and resource assurance [3] - The construction of the deepwater oil and gas exploration and development system is accelerating, with marine oil and gas production expected to grow by 4.7% and 8.7% year-on-year, respectively [3] - The increase in marine crude oil production is expected to account for nearly 80% of the national crude oil production increase, making it a significant growth driver for China's oil and gas reserves [3]