CNOOC continues to create a new situation for energy to serve the country

Original title: Bringing its own international cooperation genes CNOOC continues to create a new situation in which energy serves the country

Original source: Economic Information Daily

One late night in the summer of 1981, in the southern teaching building of the former Beijing Petroleum Institute, oil workers such as You Dehua, Tang Changxu, Tang Peiji, and Liang Zhili from all over the country were having heated discussions.

In order to do a good job in the drafting of the "Regulations of the People's Republic of China on Foreign Cooperation in Exploiting Offshore Oil Resources" (hereinafter referred to as the "Regulations"), since 1979, they have experienced countless discussions, debates, writings, and writings over 1,000 days and nights.

From the first draft to the eleventh draft, in the end, this “Regulations” with Chinese characteristics, called the “Basic Law” of China’s Offshore Oil Industry’s Foreign Cooperation, was approved by the Standing Committee of the National People’s Congress and was approved by the Standing Committee of the National People’s Congress on January 30, 1982.

On February 15th of the same year, China National Offshore Oil Corporation (hereinafter referred to as "CNOOC") "came into existence" in a two-story building at the entrance of Wangfujing Street in Beijing.

The CNOOC Party Group has always focused on the party’s career development and the overall situation of the reform and development of state-owned enterprises, consciously fulfilled the political responsibility of "working for the party in the economic field" and the mission of "I donate oil to the motherland", and actively integrated into the national development strategy.

Under the spring breeze of the party’s reform and opening up policy, on May 10, 1983, the company signed a contract with the five oil companies of the United Kingdom BP, Australia Brookensiel, Petrobras, Canada Langer, and Petro-Canada to sign the South China Sea Pearl River Five oil contracts on 14/29, 26/14, 27/31, 28/27, and 23/26 in the southern part of the South Yellow Sea.

In addition, the company also provides foreign contracting services through various forms, which not only improves the professional team, but also uses valuable foreign contracting income to develop self-operated exploration and development, and has embarked on a path of self-financing, self-accumulation, and self-development.

In 1984, the Jinzhou 20-2 condensate gas field was discovered through exploration; in 1987, the Suizhong 36-1 oil field was discovered through exploration.

With the continuous improvement of my country's offshore oil and gas basin exploration and development, the probability of discovery of large oil and gas fields is getting lower and lower.

In 1987, the company discovered the Liuhua 11-1 oil field, which was below 300 meters in water depth.

Through cooperation with American Amoco Company, Liuhua 11-1 Oilfield has created many world firsts, successfully applied horizontal well development heavy oil technology, underwater horizontal Christmas tree technology, and applied electric submersible pumps in underwater wellhead systems.

The successful development of the Liuhua 11-1 oilfield is the first attempt by CNOOC to move towards deep water relying on international cooperation, and it has also planted the "seeds" to move towards deep water through independent research and development.

In the 1990s, the Party Central Committee decided to speed up the process of economic system reform.

In response to the ever-increasing domestic energy demand, the state has put forward the requirement of making full use of domestic and foreign "two resources, two funds, and two markets".

In 1994, CNOOC and Arco signed a 32.

　　After accumulating sufficient development experience, CNOOC accelerated the pace of going global.

　　Over the years, CNOOC has basically completed its global asset layout, with overseas operations covering more than 40 countries and regions including Asia, Africa, North America, South America, Oceania and Europe.

　　On the great journey of the new era, CNOOC resolutely implemented the decisions and deployments of the Party Central Committee and the State Council, launched the "Seven-Year Action Plan", and made every effort to promote domestic oil and gas reserves and production.
During the "13th Five-Year Plan" period, in the face of two rounds of "low oil prices" severe impact combined with the profound impact of the new crown pneumonia epidemic, oil and gas production has always maintained rapid growth.
The cumulative production of crude oil and natural gas increased by 24% and 13 respectively compared with the period of the "12th Five-Year" %, effectively playing the role of the main force in increasing oil and gas reserves and production; in 2020, the company's domestic crude oil production will increase by 2.
4 million tons, accounting for 80% of the national crude oil increase.
For the first time, it entered the top 10 of the world's top 500 brands and Platts's top 250 global energy companies.

　　Looking back on the course of development in the past 40 years, CNOOC, under the strong leadership of the party, along with the reform and opening up, has gone through the hard work of generations of CNOOC employees in less than 40 years.
A hundred years of development has drawn a magnificent picture of battles between the sky and the sea, and has fulfilled the noble mission of energy to serve the country with practical actions.