CNOOC Releases 2025 ESG Report: Output Hits 777.3 Million BOE, Green Power Soars to 1.08 Billion kWh, First Offshore CCUS in Operation

Bulletin Express
Apr 09

CNOOC has published its 2025 Environmental, Social and Governance (ESG) Report, detailing production highs, expanding clean-energy capacity and measurable progress on climate goals.

• Production & Reserves – Net oil and gas output rose 7.0 % year on year to 777.30 million barrels of oil equivalent (BOE). – Net natural-gas production climbed 11.6 % to 1,037.30 billion cubic feet. – Net proved reserves stood at 7.77 billion BOE.

• Financial Performance & Economic Contribution – Oil-and-gas sales revenue reached RMB 335.70 billion, with net profit attributable to shareholders of RMB 122.10 billion. – Capital expenditure totalled RMB 120.50 billion; tax payments amounted to RMB 93.13 billion. – Over 23 thousand jobs were supported worldwide.

• Climate Strategy & Emissions – Total greenhouse-gas emissions were 16.87 million tonnes CO₂e; domestic emission intensity declined to 0.156 tonnes CO₂e per tonne of oil-and-gas output. – Eighteen energy-saving projects cut 513.30 thousand tonnes CO₂e and saved 205.90 thousand tonnes of standard coal, backed by RMB 480 million of investment. – Green electricity consumption reached 1.08 billion kWh; the 2026 target is 1.80 billion kWh. – CCS/CCUS annual storage hit 205.50 thousand tonnes CO₂e, supported by China’s first offshore CCUS project at the Enping 15-1 platform.

• Renewable & Low-Carbon Expansion – More than 11 GW of new-energy resources were secured, exceeding the 2025 target of 5-10 GW. – Construction started on the world’s first 16 MW TLP floating wind platform at Lufeng and the Hainan CZ7 offshore wind project. – The “Haiyou Guanlan” deep-sea floating wind platform generated over 26 million kWh in its first full year of operation.

• Safety & Workforce – Total recordable occupational injury rate for employees remained low at 0.06 per million work hours; zero work-related fatalities were recorded. – Women accounted for 16.6 % of total staff and 16.0 % of middle- and senior-level managers. – Training averaged 346 hours per employee, under a multi-tier talent-development system.

• Community & Governance – External donations and public-welfare spending exceeded RMB 134 million across education, healthcare, ecological protection and rural revitalisation. – Rural-revitalisation investment topped RMB 74.68 million, funding 32 projects benefiting nearly six million people. – A “three-tier” climate-governance structure embeds ESG oversight from board level to frontline operations.

CNOOC states that it will continue to grow natural-gas output, scale offshore wind power, and expand CCUS clusters in Bohai and Hainan, aiming for cumulative carbon reductions of 1.60 million tonnes CO₂e by 2030 while maintaining its commitment to safe, low-carbon and socially responsible energy development.

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