CNPCI realizes the 13th five year plan in advance

From January 18 to 19, the 2020 working conference of CNPC International Exploration and Development Co., Ltd. was held in Beijing. The meeting pointed out that after the scale of equity production of overseas oil and gas business has reached a new level of 100 million tons, it is necessary to base itself on a new starting point, plan well all the work of the whole year and start a new journey of high-quality and efficient development. In 2019, in the face of complex and changeable internal and external environment, overseas oil and gas business paid close attention to production and operation management, continued to push forward deepening reform, and comprehensively exceeded all objectives and tasks. Adhere to resource strategy and benefit development, make many new discoveries in oil and gas exploration, achieve 104 million tons of overseas oil and gas equity production equivalent, and achieve the 13th five year plan goal one year in advance. A number of key projects, such as the first phase of the eastern gas field project in Block B of the Amu Darya River, the second phase of the Chad project, and the third phase of the off-site gathering and transmission project of the halfaya project in Iraq, have been successfully put into operation, and the project in block 1 / 2 / 4 of South Sudan has fully resumed production. Overseas projects continued to promote the implementation of 27 measures to reduce costs and increase efficiency, and achieved positive results in key work such as investment cost control.

A number of important achievements have been made in the development of the new project, the completion of the delivery of the Arctic lng2 project, the winning of the bid for the Buzos oil field in Brazil and the sub salt Alam risk exploration block, and the signing of the equity transfer agreement for Mozambican mazenga block. The meeting stressed that the overseas oil and gas business in 2020 should focus on seven key tasks. First, we will solidly organize the production and operation of existing projects to ensure the stable growth of oil and gas production. Second, we will continue to work to cut costs, reduce costs and increase efficiency to ensure steady improvement in the level of efficiency. Third, carry out health, safety, environmental protection and quality management to ensure the stability of QHSE performance indicators. Fourth, actively promote the development of new projects and asset optimization to ensure the continuous improvement of value creation capacity of overseas business. Fifthly, we will vigorously strengthen technological innovation and management innovation to ensure the continuous improvement of overseas business innovation driving capacity. Sixthly, we will continue to deepen reform and capacity-building to ensure the continuous improvement of the internationalization capacity of overseas businesses. Seventh, comprehensively strengthen the construction of the party and the construction of a clean and honest government to ensure the continuous improvement of the political support capacity of overseas business. Wang Zhongcai, vice president of PetroChina Company Limited, Secretary of the CPC Committee and chairman of the board of directors of CNPC International Corporation, attended the meeting and made a work report, stressing that the overseas oil and gas business should continue to improve the six capabilities of global technical support, global business operation, global capital operation, global human resource allocation, global shared services and global risk prevention and control, and comprehensively improve the international operation level.