Project Company Profile
CNOOC Energy Logistics Co., Ltd.

As the only large-scale professional logistics service company of CNOOC, in 2021, CNOOC Energy Logistics Co., Ltd. (hereinafter referred to as “Logistics Company”), a wholly-owned subsidiary of the company, focused on the main responsibilities and business of offshore oilfield production and supply, supported by the two major industries of “supply chain services” and “supply chain trade”, strengthened core capacity building, and moved from corporate logistics to logistics enterprises to promote the company’s high-quality development.
Adhere to technology empowerment and run at “acceleration”. Focusing on the “two platforms and three core systems”, we continue to promote the intelligent upgrading of the supply chain, and have achieved breakthrough results in intelligent bases and intelligent warehousing. In terms of intelligent bases, in accordance with the goal of “one year to see results and two years to complete”, the logistics company has built an intelligent base with Huizhou base as a pilot. Through digital production scheduling and intelligent production operations, it has improved operating efficiency by 30%, improved the digital management level of the park, and reduced management costs. At the same time, it realizes automatic data collection, visual display, intelligent decision-making assistance, and safe and controllable interconnection of the base production network, CNOOC office network, and mobile public network. In terms of intelligent warehousing, the logistics company’s self-operated warehouses have achieved full digital coverage, and three new intelligent warehouses have been added, steadily advancing the construction of Hainan Macun No. 3 Intelligent Benchmark Warehouse. In the intelligent warehouses that have been put into operation, the utilization efficiency of warehousing resources has increased by more than 60%, the operating efficiency has increased by more than 50%, and the number of personnel has been saved by 50%. Improve and optimize the product functions of the company’s independently developed WMS (warehouse management system) and WCS (warehouse control system), and gradually form a digital and intelligent operation model for warehousing and logistics that can be replicated and promoted.
Adhere to market orientation and build a “strong engine”. Benchmarking against excellent corporate management models, the company innovates business models, gives full play to the advantages of party building in state-owned enterprises, and achieves new breakthroughs in market operations. In terms of innovative business models, the logistics company uses Tanggu base oil well cement as a pilot to gradually promote the bulk material consignment model, and gradually promotes it to the Sihai base. As of the end of November, the book value of bulk materials at the Sihai base decreased by 56% year-on-year, and the inventory amount decreased by 60% year-on-year, effectively improving the efficiency of capital use and resource utilization. In terms of giving full play to the advantages of party building, we will give full play to the leadership of party building, decompose the cost reduction and efficiency improvement indicators to the branches step by step, and carry out vertical management and dynamic tracking to promote the implementation of “effective” party building. Through the branch’s tough work and the leadership of party members, we will combine the application of intelligent equipment, the integration of business models and other measures to tap the potential for cost reduction and achieve the annual cost reduction target.
Adhere to green development and find the “guiding star”. Based on “carbon peak and carbon neutrality”, we will integrate green and low-carbon as the top-level concept of industrial development into various business chains to promote the exploration of green logistics industry. Become a “wind chaser” and integrate into the development of offshore wind power. The logistics company uses the advantages of base operation resources and large-scale transportation equipment resources to provide China Power Investment Corporation and China General Nuclear Power Corporation with wind power equipment (blades, nacelles, towers and other large-scale equipment) storage, wind turbine pre-assembly terminal leasing, offshore wind power construction ship diesel procurement and other services, give full play to the integrated service capabilities of the supply chain, and help the development of the new energy industry. Be a good “builder” and create a green base for China National Offshore Oil Corporation. The Huizhou base terminal of the logistics company has obtained a three-star green port rating assessment, and the construction of the green base has achieved substantial results.
In 2022, the logistics company will adhere to the supply chain construction as a starting point, fulfill the mission of serving the country with energy, and ensure CNOOC’s “Seven-Year Action Plan” for increasing reserves and production; steadily and orderly expand external business to achieve outward improvement of industrial capabilities; focus on asset integration, digital empowerment, and business model reconstruction to make targeted breakthroughs, and move forward courageously for the supply chain company of the construction of a world-class energy company with Chinese characteristics.

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