CNOOC Petroleum Services Releases 2025 Business Performance Report

(Source: Beijing Capital Circle)

On March 24, 2026, China National Offshore Oilfield Service Co., Ltd. released its audited financial report for fiscal year 2025. In 2025, operating revenue was RMB 50.28 billion, up 4.1% year over year; total profit was RMB 5.11 billion, up 9.6% year over year; net profit was RMB 4.06 billion, up 19.4% year over year, with operating performance achieving steady growth.

In the drilling segment, the company provides high-quality supply to precisely adapt to market changes, continuously improves deepwater and deep-layer operation capabilities, and steadily strengthens its global competitiveness in high-end markets. It has successfully expanded overseas markets such as South America, with the number of days of operation for its drilling platforms increasing by double digits year over year, and segment revenue reaching a new level.

In the technology segment, the company leads industrial innovation with technological innovation, focuses on advancing independent R&D and industrialization breakthroughs for key core equipment, and has formed multiple, relatively complete energy service technology systems, with steady improvement in coverage of mainstream technologies. Integrated businesses covering drilling and well completion, workover and repair, abandonment, and comprehensive remediation are advancing in tandem. An increasingly mature integrated operating framework is taking shape: “synergized customer value, coordinated professional operations, and coordinated regional linkage.”

In the ship segment, the company always focuses on building a fleet resources pool, precisely analyzes market demand, and quickly adjusts operating areas and tasks. It has initially formed a development pattern of “multi-point layout and regional linkage.” At the same time, it systematically expands emerging markets, opening up a “dual domestic-and-international circulation” situation for ship resources, and comprehensively improves resource utilization efficiency and operating benefits.

In the geophysical prospecting segment, the company proactively optimizes capacity layout, focuses on high-return businesses, and promotes continuous improvement in the operating structure. Meanwhile, centered on the “HaiJing” system and the “HaiMai” equipment, it builds a complete industrial chain covering all stages from R&D, to manufacturing, to applications. The continuous optimization of the business structure and the mature application of independently developed technological equipment strongly enhance the segment’s risk-resilience capability and profitability stability.

In 2026, the company will take a deeper push forward on the five major development strategies. With driving high-quality development as the primary task, technological innovation as the core engine, and deepening reform as the fundamental driving force, it will optimize the industrial layout, improve governance effectiveness, strengthen digital and intelligent empowerment, accelerate the cultivation and development of new productive forces for ocean energy resource services, and forge ahead unwaveringly toward becoming a world-class energy resource services company!

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