The information contained in this presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the Companys current views with respect to…
Contents Results Overview Segment Review Company Prospects 3
RMB million 1H 2013 1H 2012 Change Revenue 12,441.0 10,010.6 24.3% Operating Profit 3,646.6 2,949.3 23.6% OP Margin 29.3% 29.5% 0.2pp Net Profit 3,180.3 2,397.7 32.6% EPS (RMB) 0.71 0.53 32.6% Sufficient in cash available for…
Domestic markets increased 17% International markets increased 39% 4,410 3,164 (35%) (32%) 8,031 6,847 (65%) (68%) 1H12 1H13 (in RMB million) Domestic International Revenue Revenue 5
Equipment: highly effective integration of resources to boost efficiency Maintained very high utilization rates. Procured NH8, chartered NH7 and KANTANII to meet equipment shortage in deep water. Lowered clients cost through…
COSLBoss operation in line with BPs 2013 latest standards COSLPioneer named rig of the month again by Statoil within 31 rigs CDE ranked No.1 by Statoil in a comprehensive review of 13 drilling contractors BH8 ranked No.1 by Pertamina…
Drilling China: HYSY981 & NH8 operated at full capacity North Sea: COSLPromoter started operation; all three semis commenced operations Revenue by Operations Well Services Entering deepwater along with drilling Shallow water…
Safety and Risk Mitigation Social Responsibility Safetydrill on emergency management Actively in Hope school, social donations relief Strengthened risk management to minimize aid, and other social welfare activities occurrence of…
Breakthroughs in key research projects, applied in on-site operations Self-developed Logging While Drilling technology applied in onshore; High-end self-developed technologies (Electron Magnetic Resonance Logs Tools) commenced…
National Champion in Chinas Most Promising Companies Top 100 Listed Corporate Brand in Capital Markets Mr. Li Yong, CEO & President, one of 2013 Forbes China Best 50 CEOs All-Asia Best Executive Team; Mr. Li Feilong,…
Contents Results Overview Segments Review Company Prospects 12
Drilling Well Services 37 drilling rigs (28 jack-ups +9 semis) Logging, drilling fluids, directional 2 accommodation rigs drilling, cementing, completion, 4 module rigs workover, oilfield production and others 8 land drilling rigs…
Revenue by Segments Operating Profit by Segments 21% 56% 75% 9% 13% 8% 10% 8% Drilling Well Services MS&T Geo&Surveying Drilling Well Services MS&T Geo&Surveying 31.2% RMB million RMB million 36.5% 6,908 1H12 1H12 1H13…
Expanded fleet. More high-end deepwater rigs . Higher daily income and utilization rate. 37 drilling rigs: 22 in China waters, 15 in international waters. Driver 1: more rigs to meet demand Driver 2: maintained high utilization…
Explored markets, exploited synergies, boost work volume Intensified market exploration efforts, while NH8, NH7, KT2 and other drilling services to drive growth in well services Unconventional logging operations More R&D…
Commissioned construction of 15 vessels to meet clients E&P demand in China Reasonable Allocation of External Resources to Achieve Profit Growth Fewer maintenance days for self-owned vessels boosted number of operation days and…
Reasonably schedule fleet. Expanded in overseas markets(SE Asia). Boosted 2D Work Volume Accommodated clients operation arrangements 2D collection and processing volume significantly increased 1H13 14,854 14,011 Volume of 3D…
Contents Results Overview Segments Review Company Prospects 19
Increasing E&P Expenditure CAPEX of CNOOC 800,000 2012A US million 12,000-14,000 2013E 11% 1% 19% 600,000 9,192 400,000 6,424 70% 200,000 Exploration Development 0 2011A 2012A 2013P Production Others US million…
Utilization Rate of Drilling Rigs Demand and Utilization Rate of Seismic Vessels Fleet Size Demand Utilization IHS Petrodata Investment growth in global oil and gas E&P Demand and utilization rates for seismic vessels…
Effectively adjust equipment Charter Capacities Timely Kick-off Identify Right structure Construction Procurement Targets to Meet Demand Rapidly expand equipment Construction Procurement Chartering scale COSLProspector NH8…
Output Enhancement in Mature Blocks Participate in low porosity and permeability technologies; strengthen offshore fracturing Multiple thermal fluid technology system continues to be applied in Bohai Bay Proprietary Technology…
Increasing International Domestic Demand Expansion Output Improving Self-owned Optimization Technologies Deepwater Unconventional Business Growth Business Expansion 24
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