What is CNOOC’s safety production policy and philosophy?

CNOOC’s safety production policy is “safety first, prevention first”.

Part of CNOOC's crude oil is extracted from the sea. The oil in the sea contains more harmful and corrosive impurities and is naturally not as good as that on land. However, CNPC and Sinopec basically do not have these problems, so it can be used with confidence. Petroleum, one of the main objects of geological exploration, is a viscous, dark brown liquid known as the "blood of industry." There are oil reserves in parts of the upper crust. The main components are mixtures of various alkanes, cycloalkanes, and aromatic hydrocarbons; the oil-forming mechanism of petroleum has two theories: biological sedimentation and petrochemical oil. The former is more widely accepted, and it is believed that petroleum is a product of biological processes in ancient oceans or lakes over a long period of time. The evolutionary formation of oil belongs to biological sedimentation and is non-renewable; the latter believes that oil is generated from the carbon in the earth's crust itself, has nothing to do with biology and is renewable.

1. CNOOC is the first industrial industry to be fully open to the outside world after China’s reform and opening up. CNOOC, PetroChina, Sinopec, and China National Aviation Oil are the four major groups in China and are directly under the jurisdiction of the State-owned Assets Supervision and Administration Commission. The company's services involve all stages of oil and natural gas exploration, development and production, and its business is divided into four major segments: drilling services, oil well technical services, ship services, and geophysical survey services.

2. CNOOC is the first industrial industry to be fully open to the outside world after China's reform and opening up. CNOOC, PetroChina, Sinopec, and China National Aviation Oil are the four major groups in China and are directly under the jurisdiction of the State-owned Assets Supervision and Administration Commission. The company's services involve all stages of oil and natural gas exploration, development and production, and its business is divided into four major segments: drilling services, oil well technical services, ship services, and geophysical survey services.

3. China National Offshore Oil Corporation (English name: China National Offshore Oil Corporation, referred to as "CNOOC" or "CNOOC") is a very large state-owned enterprise directly under the State-owned Assets Supervision and Administration Commission of the State Council of China. (Central Enterprise), headquartered in Beijing, currently has 98,750 employees and has four upstream branches in Tianjin, Zhanjiang, Shanghai and Shenzhen. China National Offshore Oil Corporation ranks 64th in the 2020 Fortune 500 list of Fortune magazine. Ranked 27th in the 2015 Top 500 Chinese Brands list hosted by the China Brand Value Research Institute.

4. Since its establishment in 1982, CNOOC has successfully implemented major initiatives such as reform and reorganization, capital operations, overseas mergers and acquisitions, and upstream and downstream integration. The company has achieved leapfrog development and its comprehensive competitiveness has been continuously enhanced. , has maintained a good development momentum. It has developed from an upstream company solely engaged in oil and gas exploration into an international energy company with outstanding main business and complete industrial chain. It has formed oil and gas exploration and development, professional technical services, refining and chemical sales, and fertilizer, natural gas and Six major business sectors including power generation, financial services, and new energy.