ConocoPhillips China Limited

ConocoPhillips is one of the world's largest independent oil and gas exploration and production companies (in terms of production and proven reserves). ConocoPhillips explores, produces, transports and markets crude oil, natural gas, natural gas-liquid, liquefied natural gas and asphalt worldwide. ConocoPhillips carries out exploration operations in 19 countries and produces hydrocarbons in 13 countries. As of December 31, 2011, ConocoPhillips has proven reserves in 15 countries.

ConocoPhillips is headquartered in Houston, Texas and operates in more than 30 countries. As of May 1, 2012, its total number of employees reached about 16000. ConocoPhillips is listed on the New York Stock Exchange under the code "cop".

ConocoPhillips China Limited is a wholly-owned subsidiary of ConocoPhillips. At present, it has about 700 employees and cooperates with China and foreign countries in oil and gas exploration and exploitation. At present, there are offices in Beijing and Tanggu.

In China's Bohai Bay, ConocoPhillips China Ltd. and China National Offshore Oil Corporation (CNOOC) jointly develop Penglai 19-3 oilfield, one of the largest offshore oilfields in China, which is located in block 11 / 05 of China's Bohai Bay. In cooperation with CNOOC, ConocoPhillips discovered Penglai 19-3 offshore oilfield in May 1999. At present, ConocoPhillips China is the operator of the oilfield. The first phase of the project was put into operation in December 2002.

Penglai oilfield phase II project includes the construction of five drilling and production platforms and a FPSO. All platforms have been completed and put into operation. One of the world's largest new FPSOs, offshore oil 117 FPSO (also known as Bohai vigorous FPSO), was put into operation in 2009 to process crude oil from Penglai 19-3 and nearby Penglai 19-9 and 25-6 oilfields. With the continuous development, the output of Penglai oilfield is expected to continue to rise. In 2011, the average daily net crude oil production was about 42000 barrels.

In Nanhai, Xijiang 24-3, the first offshore oil field of ConocoPhillips China Limited in China, was put into operation in 1994. A year later, Xijiang 30-2, the second oilfield, was put into production. In 1997, ConocoPhillips China developed Xijiang 24-3 satellite oilfield (24-1). Horizontal extension drilling technology was used in the development of the oilfield, and several world drilling records were set up. According to the contract, ConocoPhillips' ownership of 24-3 and 24-1 oilfields terminated in January 2010, and its ownership of 30-2 oilfields terminated in November 2010.

On March 31, 2006, ConocoPhillips successfully completed the acquisition of Burlington resources. ConocoPhillips China has further expanded its assets in China, including the acquisition of ownership of Panyu 4-2, 5-1 and 11-6 oilfields in block 15 / 34 of the South China Sea. CNOOC is the operator of Panyu oilfield. The average daily crude oil production of this block in 2011 was 10000 barrels.

As one of the largest US energy investors in China, ConocoPhillips has invested more than US $4.1 billion in China so far.

While developing its business in China, ConocoPhillips China pays more attention to giving back to the communities where the company operates, including supporting education, protecting the environment, paying attention to the safety of employees and their families, actively promoting technology transfer, and has been making efforts to support education through a variety of University projects, and supporting China's environmental protection cause through exploring the future education plan. ConocoPhillips China also continues to subsidize Guangai school, a school for children of migrant workers in Beijing, to help poor children get basic education. In cooperation with Tianjin TEDA cardiovascular hospital, ConocoPhillips China provides surgical support for children with congenital heart disease in poor areas, and establishes an international friendship forest on the west side of Badaling Great Wall.

ConocoPhillips is committed to protecting the environment in the communities where it operates. In 2012, ConocoPhillips China independently supported several environmental projects in the Bohai Sea, including: 1. Protecting the crane migration route from Hulunbuir grassland to the coast of the Bohai Sea, promising to invest 360000 US dollars (about 2.28 million yuan) in three years. The project will work with the people who depend on wetland and its basin resources to develop economic development strategy, protect their resource base, and take into account the protection of waterfowl and ecosystem; 2. By product synergy project, committed to 3.78 million yuan to promote the latest development in waste management, urban infrastructure design, water supply and protection Good practices to support the sustainable development of the city. In addition, the company also paid RMB 100 million to the Ministry of agriculture to improve the fishery resources and marine fishery environment in the Bohai Bay, and allocated RMB 113 million to the State Oceanic Administration to support the environmental protection measures in the Bohai Bay, focusing on improving the marine ecological protection in the Bohai Bay, reducing pollutants and studying the long-term ecological impact on the Bohai Bay.

These efforts of ConocoPhillips China have been recognized by the society. In 2003, ConocoPhillips China won the nomination of "excellent enterprise award" from the US State Department; in 2004, it won the top ten public welfare award of the first bright multinational enterprise; in 2008, it won the "pioneer of China's livelihood action" award from China Poverty Alleviation foundation.