CNOOC Shanghai Branch

CNOOC Energy Technology & Services Limited (hereinafter referred to as "CNOOC Energy Technology & Services") was established on July 15, 2008, with a registered capital of RMB 6 billion. It primarily provides comprehensive and systematic support and services for offshore oil exploration, development, production, sales, oil and gas processing, refining, LNG and other businesses, including technology, equipment, human resources, logistics, communications, and logistics support. It is one of the specialized service companies under China National Offshore Oil Corporation (hereinafter referred to as "the Parent Company" or "CNOOC").

On June 19, 2008, CNOOC Energy Technology & Services obtained the approval from the State-owned Assets Supervision and Administration Commission (SASAC) (National Reform [2008] No. 556) for its establishment, and on June 20, it obtained the reissued business license for the joint-stock company. On July 15, 2008, CNOOC Energy Technology & Services Co., Ltd. was officially established, marking a new historical stage in the reform and development of CNOOC's state-owned enterprises—from the previous stage of "survival and development" to a new stage of "promoting listing, fully establishing a modern enterprise system, and achieving sustainable development."

Over the past few years, the strategic positioning and development approach of CNOOC Energy Technology & Services have become increasingly clear, establishing the core mission of "contributing four major values and achieving five transformations" within the overall development system of the Parent Company, and the industrial structure optimization principle of "advance, retreat, and transformation," paving the way for the company's sustainable development. Through continuous resource integration, organizational integration, industrial integration, and structural optimization, it has formed three core businesses: "energy professional technical services, FPSO and vessel operation, and chemical products." It has become an innovative enterprise capable of providing one-stop services and possessing sustainable development capabilities. The company's technological innovation capabilities continue to strengthen, safety management performance remains consistently good, and economic performance continues to improve, making it an indispensable and important force in CNOOC's professional technical service segment, enriching the CNOOC industry chain and safeguarding the development of CNOOC's main business.

During the "12th Five-Year Plan" period, CNOOC Energy Technology & Services will be committed to building an "internationally competitive energy technology service company" that integrates technology research and development, product manufacturing, and specialized technical services, serving the energy industry and supporting the coordinated development of diversified industries. It aims to become a leading energy technology service company in China by 2016, and by 2020, to become an internationally competitive energy technology service company.

Under the correct leadership of the Parent Company's Party Group, over 17,000 employees of CNOOC Energy Technology & Services are full of confidence and will contribute value through "internal entrepreneurship" to achieve the development goals of "three stabilities and three harmonies"—stability of personnel, stability of mind, and stability of industry; harmony of personnel, harmony of mind, and harmony of industry—and to support the Parent Company's "second leap".