1、2026 First Quarter ResultsCNOOC LimitedApril 28,20262OverviewExplorationNet productionDevelopmentHSE205.1 million boe,up 8.6%YoY4 new discoveries were made and 12 oil and gas structures were successfully appraised3 new projects commenced productionSound HSE performanceFinancial ResultsRMB39.1 billio
2、n,up 7.1%YoYUS$28.41/boeRMB33.0 billionOperationsNet profit attributable to equity shareholdersAll-in costCapexRMB97.0 billion,up 9.9%YoYOil&gas sales3Exploration Continued to step up the efforts in exploration and achieved positive results 4 new discoveries were made and 12 oil and gas structures w
3、ere successfully appraised Advanced researchs on 4 new exploration projects overseas in an orderly mannerEnping 20-5Luda16-1New discovery of Luda 16-1Located in Liaozhong sag in Bohai Bay BasinRevealed exploration prospect of the palaogene lithologic play in the sagSuccessful appraisal of Enping 20-
4、5Located in Yangjiang sag in Pearl River Mouth BasinAchieved remarkable results of integrated rolling exploration4145.5253.0130.858.0158.5272.5140.065.1 Optimized fields maintenance shutdowns with due consideration of the external environment changes,and accelerated new wells commissioning Net produ
5、ction reached 205.1 million boe,increased by 8.6%YoYCrude oil+8.9%Net ProductionChina+7.0%Natural gas+7.7%Overseas+12.3%(million bbls)(million boe)(million boe)(bcf)2025 Q12025 Q12025 Q12025 Q12026 Q12026 Q12026 Q12026 Q15Key New Projects Commissioned Steadily advanced capacity construction and 3 ne
6、w projects commenced productionHuizhou 25-8 Oilfield Comprehensive Adjustment ProjectLocated in Pearl River Mouth Basin,South China SeaActively applied digital and intelligent technologies to increase production efficiencyInstalled high-temperature production water waste heat power generation unit t