CNOOC: Changing the Mode of Economic Development and Building Energy Industry Chain

As state-owned enterprises, CNOOC consciously serves and obeys the overall development of the country, seizes historic opportunities, accelerates the establishment of a new energy industry system, increases the pace of development of new and renewable energy, and strategically seizes the commanding heights of future development. CNOOC has taken the lead in domestic oil companies to explore the production of new energy and clean energy. In the future, CNOOC will further increase its efforts to gradually establish a new type of energy that is “primary, diversified, clean, low-carbon, and integrated”. Industrial structure.

Developing the Liquefied Natural Gas (LNG) Industry with Great Effort CNOOC is the first domestic company to develop the LNG industry. After more than ten years of development, it has become a leading LNG company in China. Construct 9 LNG receiving stations in coastal economically active areas such as Guangdong, Fujian and Shanghai, and construct 15 LNG vehicle refueling stations. We have introduced large-scale, long-term LNG resources from Australia, Indonesia, Qatar, and Iran, and participated in all aspects of exploration, development, transportation and trade.

Accelerating the development of the coal-to-natural gas (SNG) business Coal is the most important energy source in China. It is of great significance to achieve coal safety, efficiency, cleanliness, environmental protection, and sustainable development. According to the characteristics of China's resource endowment, CNOOC identified coal-to-natural gas (SNG) as the main direction for the development of coal-based clean energy. On the one hand, it has increased the technological development of coal-based clean energy use. On the other hand, in the process of going overseas, the acquisition of coal resources was increased at the same time as acquiring oil and gas resources. As of March 2010, LNG was purchased and sold with British Natural Gas Group (BG Group) and Curtis Australia. The LNG project agreement, which is the world's first LNG project using coalbed methane as raw material.

Into the automotive power battery and related businesses, and actively explore the development of new energy Actively develop automotive power batteries is an important strategic arrangement for CNOOC to achieve clean development, green development and sustainable development. In 2008, Tianjin Lishen Battery Co., Ltd. was reorganized. The company's existing car supporting lithium battery production capacity of 20,000, accounting for 5% of the global market, will reach 6% in 2010, is the world's fifth largest lithium battery manufacturer. Recently, CNOOC has invested 5 billion yuan to build 200,000 vehicles with auxiliary battery capacity, and has also accelerated the expansion of the city's automotive power battery service market. As the unit leader of the Power Battery Professional Committee of the Central Enterprise Power Automotive Industry Alliance, CNOOC will take the lead in fulfilling its duties, strengthen organizational coordination, and be courageous to take the lead in promoting the sound and rapid development of China's electric vehicle industry.

At the same time, it also achieved overall breakthroughs in wind energy, biomass, and other industrial fields, such as the success of grid-connected power generation and Hainan's biodiesel demonstration project in Inner Mongolia Huade Wind Farm project, etc., and the initial development of CNOOC's new energy industry chain. form.