CNOOC(600938)2024-11-15 08:07Group 1: Production Growth - The company anticipates continuous growth in both domestic and overseas production in the coming years, with the Bohai Sea being a major source of domestic production increase [2][3] - Multiple significant oil and gas discoveries have been made, with several new projects under construction or about to commence production [2][3] - The application of standardized processes and advanced drilling techniques will enhance project construction speed and efficiency, supporting future production growth [2][3] Group 2: Cost Management - The company does not aim for absolute cost reduction but focuses on effective cost control to maintain a relative competitive advantage [2][3] - The strategy is to achieve a slower increase in costs compared to the industry when costs rise, and a faster decrease when industry costs decline [3] Group 3: Capital Expenditure - To support medium to long-term production growth, the company will need to maintain a high level of capital expenditure in the coming years, with specific data to be disclosed in annual strategic outlooks [3] Group 4: Natural Gas Development - Future natural gas production is expected to increase with the development of unconventional onshore resources and major gas fields like the "Deep Sea No. 1" Phase II project [3] - The company plans to advance the construction of three trillion-cubic-meter gas zones domestically and promote overseas natural gas development [3] Group 5: Environmental Initiatives - The company has established the largest and highest voltage shore power application base for offshore oil fields globally in the Bohai Sea, promoting economic development and green low-carbon initiatives [3] Group 6: Exploration Innovations - Breakthroughs in exploration theory and technology in the Bohai Sea have guided the discovery of seven billion-ton oil and gas fields, unlocking exploration potential in complex deep-water areas [3]