"Fifteenth Five-Year Plan" – These Important Deployments Are Closely Related to CNOOC!

(Source: China Overseas Trust)

The “14th Five-Year Plan” Outline Officially Released

Planning for the Next Five Years of Economic and Social Development

A Clear Vision of Chinese-Style Modernization Unfolds

From “Building an Energy Power” to

“Promoting High-Quality Marine Economy Development”

In the significant “14th Five-Year Plan” Outline,

What are the contents closely related to China National Offshore Oil Corporation (CNOOC)?

Let’s explore together

“14th Five-Year Plan” Outline

Part One

Striving to Create a New Situation in Chinese-Style Modernization

▲Main Goal: Achieve a total energy production capacity of 5.8 billion tons of standard coal

▲Main Goal: Carbon peak target to be achieved on schedule

▲Main Goal: Reduce CO₂ emissions per unit of GDP by 17%

▲Main Goal: Initial establishment of a clean, low-carbon, safe, and efficient new energy system

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed the overall development strategy “1566,” guiding the company’s high-quality development during the “14th Five-Year Plan” period. The meeting emphasized building a world-class energy resource group with distinctive marine features, strengthening and optimizing the oil and gas core business, and making breakthroughs in exploration and development capacity.

Part Two

Building a Modern Industrial System to Consolidate and Expand the Real Economy

▲Promote structural adjustments in petrochemical, shipbuilding, and other industries

▲Strengthen and optimize first-class petrochemical bases, high-end shipbuilding, and marine engineering equipment bases

▲Accelerate development of strategic emerging industries such as new energy, new materials, and high-end equipment

▲Expand the space for marine economy development, promote healthy and orderly development of low-altitude economy

▲Solidly advance key technological innovations like new energy storage

▲Strengthen the construction of new energy infrastructure. Implement a new energy security strategy, accelerate the building of a clean, low-carbon, safe, and efficient new energy system, and build an energy powerhouse. Promote reliable and orderly replacement of fossil energy with non-fossil energy, pursue multi-energy sources like wind, solar, water, and nuclear, and implement a ten-year doubling plan for non-fossil energy.

▲Build offshore wind and other clean energy bases, strengthen distributed energy development and utilization nearby, plan for green hydrogen, ammonia, and alcohol, actively promote solar thermal and geothermal energy utilization. Enhance clean and efficient use of fossil energy. Vigorously develop new energy storage. Promote green and low-carbon energy consumption. Improve the nationwide oil and gas network operation and dispatching mechanism.

▲Upgrade energy infrastructure with digital and intelligent technologies.

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed carrying out industrial upgrading initiatives, deploying innovation chains around industrial chains, and industrial chains around innovation chains. Focus on strengthening the “132” industrial system, continuously enhancing core functions and competitiveness, giving full play to the “three roles” and striving to be the “three pioneers,” to achieve higher quality, efficiency, sustainability, and safety. CNOOC is oriented toward intelligence, greening, and integration, cultivating new productive forces in marine energy resources, and promoting the integration of oil, gas, and new energy development.

Part Three

Accelerate High-Level Scientific and Technological Self-Reliance and Self-Strengthening to Lead New Production Capabilities

▲Comprehensively enhance independent innovation capabilities, seize the high ground of technological development

▲Deeply integrate technological and industrial innovation, continuously generate new production forces

▲Strengthen original innovation and tackle key core technologies

▲Win the battle for key core technology breakthroughs

▲Strengthen strategic frontier technology deployment, implement technological strategies for new energy

▲Enhance the role of enterprises as innovation主体

▲Promote the aggregation of innovation resources within enterprises

▲Strengthen industry-university-research collaborative innovation led by enterprises

▲Improve policies supporting enterprise innovation

How does CNOOC do it?

The 2026 Science and Technology and Digital Intelligence Work Conference of CNOOC proposed aiming to build “Smart CNOOC” and achieve high-level technological independence and strength. Driven by innovation strategies, focusing on tackling technological challenges, the company aims to master key industry advantages, cultivate strategic forward-looking technologies, open new industry development tracks, and develop a high-quality scientific and technological talent team, significantly enhancing overall technological strength and innovation efficiency.

Part Four

Deepen Digital China Construction and Improve Digital and Intelligent Development

Part Six

Accelerate the Construction of a High-Level Socialist Market Economy System

Enhance the Momentum for High-Quality Development

▲Build high-quality data sets for energy and other fields

▲Implement the “Artificial Intelligence+” action comprehensively, strengthening the integration of AI with technological innovation and industrial development

▲Seize the commanding heights of AI industry applications, empowering various sectors comprehensively

▲Deepen state-owned enterprise reform

▲Strengthen and expand state-owned enterprises and capital

▲Enhance core functions and competitiveness of state-owned enterprises

▲Accelerate the improvement of pricing mechanisms suitable for a new energy system

▲Refine refined oil pricing mechanisms

▲Deepen natural gas pricing reform

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed deepening the application of “AI+” scenarios; focus on problem-oriented reforms, deepen the reform of modern enterprise systems, accelerate organizational and management process reforms, and deepen the reform of the three systems.

Part Seven

Expand High-Level Opening Up and Create a New Situation of Win-Win Cooperation

▲Promote high-quality development of the Belt and Road Initiative

▲Leverage the role of the Belt and Road Forum for International Cooperation, strengthen cooperation platforms in energy and other fields

▲Propose China’s solutions for emerging fields like green and low-carbon development

▲Strengthen international cooperation in food security, energy, and other areas

How does CNOOC do it?

The 2026 Foreign Affairs and International Cooperation Work Conference of CNOOC emphasized inheriting the company’s core values, unwaveringly advancing internationalization; steadily promoting “going global”; continuously optimizing industrial layout, deepening industrial synergy, and better supporting high-quality Belt and Road cooperation.

Part Nine

Optimize Regional Economic Layout and Promote Coordinated Regional Development

▲Enhance coordinated development of eastern, central, western, and northeastern regions, improve energy corridors and transportation networks, strengthen food and raw material security, and develop modern equipment manufacturing and high-tech industries

▲Strengthen marine development and utilization, protect marine resources, coordinate land and sea development, improve oceanic capabilities, accelerate building a maritime power, and forge a path with Chinese characteristics for maritime strength

▲Promote high-quality marine economy development. Strengthen and optimize marine industries, and orderly develop marine energy and resources

▲Consolidate and enhance advantages in marine equipment manufacturing

▲Strengthen marine strategic scientific and technological forces, boost marine technological innovation

▲Implement deep-sea engineering, improve deep-sea exploration, detection, development, and safety capabilities

▲Improve systems to promote marine economic development, optimize marine economic statistics and monitoring

▲Protect marine ecological environment. Strengthen marine debris cleanup and resource utilization, establish differentiated standards for sea use, promote layered and three-dimensional sea area utilization, and explore marine carbon sink accounting

▲Actively promote the building of a maritime community with a shared future and expand blue partnerships

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed fully recognizing its responsibilities in building an energy and maritime power, embarking on a new journey of marine energy development. During the “14th Five-Year Plan,” CNOOC precisely aligned with regional development strategies, with total investments in energy layout in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and Hainan Free Trade Port increasing by nearly 50%, achieving remarkable results in oil and gas industry chain development across these regions.

Part Thirteen

Accelerate the Green Transformation of Economic and Social Development and Build a Beautiful China

▲Coordinate development and emission reduction, solidly carry out carbon peak actions

▲Accelerate adjustments in industrial and energy structures to ensure the timely achievement of carbon peak goals

▲Implement dual control systems for total carbon emissions and intensity

▲Speed up the coverage of new electricity consumption with clean energy

▲Push peak coal and oil consumption, reduce energy consumption per unit of GDP by about 10%

▲Accelerate green low-carbon technological equipment innovation, build zero-carbon factories and parks

▲Utilize residual heat resources and non-fossil energy heating according to local conditions

▲Deepen green low-carbon high-quality development pilot zones

▲Construct a comprehensive protection and governance pattern from mountain tops to oceans

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed implementing a green and low-carbon strategy, focusing on building a “Green CNOOC.” From offshore electrification to integrated “oil & gas + low-carbon energy,” from offshore wind power to CCUS (carbon capture, utilization, and storage), CNOOC is continuously advancing its green low-carbon transformation, making ongoing contributions to building a beautiful China.

Part Fourteen

Advance Modernization of the National Security System and Capabilities

Build a Safer China at a Higher Level

▲Strengthen energy and resource supply security, improve energy production, supply, storage, and marketing systems

▲Ensure autonomous control of oil and gas demands, implement medium- and long-term oil and gas reserve and production strategies

▲Maintain crude oil output around 200 million tons annually, steadily increase natural gas production

▲Enhance government and enterprise reserves coordination, expand national oil reserves

▲Improve natural gas reserve regulation and security capabilities

▲Refine long-term energy supply contracts, strengthen demand-side management

▲Strengthen exploration and development of strategic mineral resources and reserves

▲Implement new mineral exploration breakthrough strategies

▲Improve monitoring, early warning, and emergency supply levels for strategic mineral resource safety risks

▲Enhance international cooperation in energy and resource development, safeguard strategic channels

How does CNOOC do it?

The 2026 Work Conference of CNOOC proposed launching energy security initiatives, unwaveringly strengthening supply guarantees, increasing domestic oil and gas reserves and production, maintaining stable oil and gas sales and trade, and actively developing LNG industry to improve trade quality.

The blueprint is drawn, and diligent action will shape the future

2026 marks the beginning of the “14th Five-Year Plan”

Let us take responsibility and forge ahead

With the momentum of thousands of horses galloping,

With swift strides and steady resilience,

Step by step,

Implement the deployment requirements of the “14th Five-Year Plan” outline,

Unremittingly strive to accelerate the building of an energy and maritime power,

Create a new chapter of high-quality development.