Speaker #6: 谢谢主持人。尊敬的各位投资者、媒体朋友，下午好。欢迎参加中国海油2026年度三季度业绩发布电话会。下面由我向大家报告公司三季度的主要业绩：2026年前三季度公司高效统筹各项工作取得良好业绩，期内的油气净产量达到593.7百万桶油当量，同比上升2.7%。共获得5个新发现，成功评价23个含油气构造，资源基础技术夯实，顺利投产9个新项目，产能建设有序推进。与此同时呢，安全环保的形势总体保持稳定可控。财务方面呢，油气销售收入达人民币3,054亿元，同比上升19.5%。桶油主要成本有效管控为30.57美元每桶油当量。规模净利润达人民币1,190亿元，同比上升16.8%。资本支出完成人民币约899亿元。勘探方面呢，前三季度公司获得5个新发现，成功评价23个含油气构造，在中国国中巴三南和惠州218持续扩大储量规模，有望成为大中型油气田。曹飞电223展现了城北低凸起谷径系岩性领域良好的勘探前景，进一步夯实储量基础。在海外，公司有序推进伊拉克和哈萨克斯坦新获取勘探区块地震采集工作，进度分别达到76%和33%。第三季度呢，公司共获得一个新发现，成功评价7个含油气构造。开发方面，公司前三季度共投产9个新项目，其中第三季度投产4个新项目，以投产的新项目中国中266油田持续扩产，二期开发项目高峰日产量约3万桶油当量，依托预留设施等实现了高效的开发，降本成效很显著。该项目投产后将助力渤海产量提升，增强经济及环渤海地区的能源供应的能力。番禺104油田开发项目高峰日产量约7,000桶油当量，该项目依托智能化系统实现全自动化采油、处理与外输，通过大规模注水有效提高了原油的采收率，并应用生产水余热发电系统大幅降低了二氧化碳的排放量。 在产量方面，前三季度公司油气净产量达593.7个百万桶油当量，同比上升2.7%，创历史同期新高。中国和海外净产量保持了双增长，分别达到408.5个百万桶油当量和185.1个百万桶油当量，其中中国增长主要来自垦栗102等项目，海外增长呢主要来自圭亚那和巴西项目。第三季度呢，公司的产量呢稳步增长，达到了194.9个百万桶油当量。 再来看一看前三季度的主要的财务指标的表现。公司平均实现油价为86.32美元每桶，同比上升26.4%，与国际油价走势基本一致。平均实现气价为8.13美元每千立方英尺，同比上升3.4%。资本支出呢按计划执行，完成了人民币899亿元。桶油成本方面，今年前三季度公司桶油主要成本为30.57美元，同比变动的主要原因是人民币对美元的升值，实现油价上涨带来的税金的增加，以及不同油田产量变化带来的综合的一些影响。公司呢始终坚持低成本的战略，牢牢把握投入产出最大化的原则，持续开展提质增效攻坚行动。在国际油价同比大幅上涨的这个环境下，公司前三季度桶油主要成本还是得到了有效管控，桶油作业费为7.6美元，保持了成本竞争的优势。基于前三季度公司取得的良好业绩，我们对完成全年生产经营目标充满了信心。我的介绍呢到此结束，谢谢各位投资者和媒体朋友。
Speaker #5: 好的，谢谢何韬先生。女士们先生们，接下来我们进行的是问答环节。如果您需要提问，请在电话上按星1键，在电话上可以按星1键。请各位在发问之前简单介绍一下自己的姓名以及所代表的机构，谢谢。 Ladies and gentlemen—
Speaker #1: Thank you. We will now begin our Q&A session. If you would like to ask a question, please press star one on your telephone touchpad before asking.
Speaker #5: Let me continue. Before asking any questions, please briefly introduce yourself and the company you are representing. We appreciate your cooperation. Let's wait for our first question.
Speaker #5: Our first question is from Yangling Guoxing Zhengquan. 请继续您的提问。 Please continue with your question.
Speaker #3: 非常感谢关律师给的这个提问的机会。我是来自于国新证券的杨林，然后呢我们能看到这个今天公司呢也发布了三季报啊。那么可能有相当于两个问题呢，我需要向这个管理层来请教一下啊。第一个问题呢就是我们能看到，就是我们公司的利润表上呢有一个72亿的一个呃资产减值损失啊，所以也请那个管理层呢呃请解释一下啊，就是这个72亿的减值相当于是哪方面的啊。那么第二个问题呢就是关于我们三季度的一个现油价和这个产量增速的这么一个问题啊，那可能相对来讲呢我们的这个呃相当于国内的产量增速呢有有所放缓啊，然后呢也请介绍一下整个的这个我们的实现油价的折价情况，还有包括呃我们海外像圭亚那项目的一个它的三季度，因为之前呃有这个像美国公开过啊整个的一个整个分成比例的一个变化，也介绍一下三季度我们圭亚那项目的一个大概的情况啊，谢谢。
Speaker #5: Thank you for your question. Let's wait for interpretation. 好的，我们接下来先有请管理层来作答。
Speaker #6: 嗯，非常感谢提问啊。呃有三个问题，第一个是关于利润表上的72亿的减值，第二个问题呢是产量增速的情况，第三个呢是圭亚那。
Speaker #1: 杨林。
Speaker #6: 情况。
Speaker #1: Can anyone hear me, please?
Speaker #5: Yes, Helen.
Speaker #1: Can you hear me?
Speaker #5: Yes, Helen, please continue.
Speaker #1: Okay, two questions were asked. The first question is: Reading from your profits and loss statement, there was an impairment loss of $7.2 billion, so I would like to know what that is related to.
Speaker #1: And my second question is about your realized oil price. In relation to the slowdown in the increase of production volume, I want to know more about the Guyana oil field or project.
Speaker #1: Well, some time ago, we heard that there were some changes in relation to the profit-sharing ratio for that oil field. So, can you give more elaboration about the realized oil price in relation to Guyana, please?
Speaker #6: 请人民女士呢回答第一个问题，请高阳东先生呢回答第二和第三个问题。
Speaker #4: 好，各位投资者、媒体朋友大家好。关于资产减值，公司严格按照会计准则的要求，我们会在资产负债表日判断长期股权投资，油气资产和固定资产是否存在减值迹象。对存在减值迹象的资产呢，我们会进一步估计其可回收的金额。对于可回收金额低于账面价值的资产，会按照差额来提起资产减值准备，并计入当期损益。
Speaker #1: Ms. Ren will answer the first question. In relation to impairment loss, we act in accordance with accounting standards and principles, so we take a number of factors into consideration. For instance, our overall long-term business financial situation, and we will also look at whether there are any impairment trends to our oil and gas assets. Then we will work out the recoverable amount.
Speaker #1: And then, based on the difference in the amounts, we will make impairment provisions accordingly.
Speaker #4: 主要是因为从公司掌握的内外部信息来看，我们个别的海外资产受到相关因素的影响，其经营环境发生了变化，相关的生产销售安排也进行了调整，导致呢预计未来可创创造的这个净现金流量低于原来预计的金额，出现了减值迹象。公司呢根据会计准则的规定，按照供应价值减去处置费用后的净额，与资产预计未来现金流量的现值属高的原则，对资产可回收金额进行了估算，并请第三方进行了评估，按照可收回收金额和资产账面价值的差额计提了资产减值。未来呢公司将持续严格按照会计准则的规定，结合油价的变化、生产经营安排等多种因素，定期评估资产状况，并进行相互的财务处理。
Speaker #1: Let me supplement. We refer to both internal and external information. First of all, we look at our overseas assets, and then we also consider and monitor changes in the external environment, as well as changes in our production plan and actual production conditions.
Speaker #1: And we can see that net cash flow is smaller than projected, so as a result, there is an impairment trend. Then we will also go according to fair value, and we take into consideration our future cash flow projections.
Speaker #1: And then we work out the recoverable amount. We also work with third parties to determine the necessary impairment provision. All these are done in accordance with international accounting standards. We also take into consideration our production conditions, circumstances, as well as overall oil price trends.
Speaker #5: 好，我来回答第二个问题。刚才呃提到的第二个问题呢是关于我们产量的问题。我想呢今年我们前三季度啊实际上公司的产量还是实现了比较好的增长，同比呢增长了2.7%。这个呢主要是得益于得益于啊我们老油田的文产以及我们新油田产量带来的增加。这个产量的安排呢我们是根据公司的内部的规划和产能建设的进度啊是有一个总体的安排的。所以这个产量呢它在不同的时期会有一定的变化，这个增幅呢也不是那么的稳定啊。这个请投资者放心啊，我们今年呢制定的年度目标呢还是780到880800个百万桶，这个目标我们还是没有变的啊，回答完毕。这是第二个问题，请翻译翻译一下。
Speaker #1: Mr. Gao will answer the second question. So, the second question — the answer is as follows. In relation to production volume, this year in the first three quarters there has been quite good growth in production volume, so there is a year-on-year growth of 2.7%.
Speaker #1: So this is mainly because of stable production from old oil fields and also from increased production from new oil fields and development. Internally, we do have production volume plans as well as our progress situation and report.
Speaker #1: So, we do have our production capacity progress plan as well. Our production capacity will change; however, the ups and downs are not really stable in terms of production capacity.
Speaker #1: But investors, please rest assured that we do have confidence that we will be able to maintain our overall yearly estimate of 780 to 800 million BOEs for the whole year of production volume.
Speaker #5: 那下面我接着回答第三个问题，这关于我们圭亚那项目的问题。呃，圭亚那项目呢是我们目前看呢是公司最重要的海外项目资产之一。这个项目呢投资回报和未来的潜力都非常可观。那目前这个区块啊，我们已经累计发发现了40个油气田，总的可采资源量也达到了110亿桶油当量，这个量是非常巨大的。那目前区块呢有四期待产的项目，平均呢日产量可以达到90万桶。那么这个区块啊是以产品分成合同进行开发的。那么在项目投产以后啊，我们按照约定的比例进行了产出油气的分配。那么也得益于我们各方的通力合作，这个目前项目推进非常顺利啊，已经四期高效的建成了，成本管控也比较有力，实现了从高资本投入期到高资产资产出期的这个过渡啊。这个方面呢我想呢应该说可以更多的细节啊，我们可以去参考一下作业者有关这些问题的说明。另外呢我们这个区块还有四期啊正在建设，预计到2030年这个区块的日产量可以达到130个百万桶。所以随着这些新项目的陆续投产，我们公司在该区块的效益也将进一步提升啊，请翻译翻译一下，谢谢。
Speaker #1: No, Mr. Gao continues to answer the third question about Guyana. The Guyana asset is one of our most important overseas assets. Its internal investment return as well as its potential are both good.
Speaker #1: Altogether, there are 40 fields with a total production of 11 billion BOEs. And then, when it comes to our contract arrangement and also allocation between oil and gas, the production is actually based on contracts, and oil and gas allocation will be worked out according to the specified ratio.
Speaker #1: So far, everything has been very smooth. Our cost control is being done well. We have moved from a high capex stage to a high output stage already.
Speaker #1: Right now, there are seven oil fields that are in production and operation, with daily production of around 900,000. For Phase Four, by 2030, the daily production capacity will be 130 million BOEs.
Speaker #5: 好的，谢谢。女士们、先生们，我们现在进入问答环节。如果您需要提问，请在电话上按下星号1。 Ladies and gentlemen, we are now entering the Q&A session. If you would like to ask a question, please press star 1 on your telephone touchpad.
Speaker #5: Our next question is from 任丹 of 中信证券. Please continue with your question. 请继续您的提问。
Speaker #1: 管理层好，我是中信证券的任丹啊，我也有两个问题想请教一下。嗯，第一呢就是我们根据刚才的呃提问呢，还想再请教一下公司目前在实现油价和折价方面的具体情况啊，因为考考虑到长期现在运价的市场变化比较多啊，所以也想问一下公司对于后续的整个海外油油价的实现的一个展望啊。另外也想请教一下公司跟国内的，比如说集团的炼厂之间的原油结算价格的一个关联机制，以及是否有变化啊。这是第一个问题。还有第二个问题呢，就是我们看到整个的这个三季度呃的这个成本的上升呢，也是呃也是有一些上升的，相比于呃上半年来看，尤其是作业费用等等，也想请教一下具体的一个原因和未来的成本的展望，谢谢。
Speaker #2: Two questions have been asked. The first question is about realized oil price, especially the overseas realized oil price. We can see that there are actually many changes in the overall long-term market.
Speaker #2: So, what is the outlook for the overseas market in this regard? And if you look at China, what is the relationship between the oil price and the crude oil settlement arrangement?
Speaker #2: If you look at the domestic market, what will be the changes in this regard? The second question is about cost. In Q3, compared with the first half of the year, costs have increased, especially your operating costs.
Speaker #2: So, what are the reasons behind this, and what is the future cost outlook, please? Thank you.
Speaker #1: 好，先回答你的第一个问题，关于这个实现油价。今年3月份以来呢，确实中东的地缘冲突冲突了这个冲击了能源的一个供应。那从国内市场来说呢，我们凭借多元化的能源供应体系和快速发展的新能源产业，一定程度呢对冲了这种外部的价格冲击，也是在国家的宏观调控下呢，国内市场的供需总体是平衡的。先翻译。
Speaker #2: Let me. Miss Ren will answer the question first. So, since March, actually because of the crisis in the Middle East, there has been an impact on the overall energy supply.
Speaker #2: However, if you look at mainland China's situation, in our country we have a diversified energy mix and also very robust new energy developments. So we are able to offset the impact arising from the conflict, especially the geopolitical conflicts.
Speaker #2: So, as a result, basically within mainland China, we are able to achieve a balance between demand and supply.
Speaker #1: 在国际市场方面呢，呃当前呢全全球的石油市场呢也从地缘政治冲击的极端状态逐步的也在一个震荡的一个平衡过渡阶段。全球经济的韧性呢也在分化，欧洲、北美、亚太各区域的基准价格走势也出现了显著性的一个差异。那我们也观察呢就国际同业的能源公司的实现价格也是跟它的资产的地域分布关系比较密切。天水呢也表现出了明显的一个分化。
Speaker #2: If you look at the international situation and the international oil market, basically there are also geopolitical influences. However, different countries are in the process of balancing the different conditions.
Speaker #2: So, as to guard against or, so as to offset, geopolitical impact. They are gradually striving and gaining resilience. If you look at Europe, North America, and so on, there are actually some price differences and discrepancies in the oil prices.
Speaker #2: And if you look at other oil companies, well, it all depends on the geographical regions that they are in, which affected a lot of their demand and supply balance situation.
Speaker #1: 公司呢我们始终是坚持市场化的原则销售，呃价格机制没有太大变化，原油销售价格我们还是主要参考布伦特、迪拜、阿曼和WTI价格，以及产油国的官价等国际基准油的这个价格来确定的。当然根据市场变化会有一定的溢价或者是折价。那前三季度产量价格呢应该说也得到了一个良好的实现，实现价格的贴水的走势和市场也是基本一致的。那大家也知道近期呢有一些运费上涨的因素，但是整体来看公司预计的整体销售价格和同区域原油价格的趋势保持了一致。
Speaker #2: If you look at our overall situation, basically our sales are done in a marketized manner. So when we look at our price mechanism, so far there has not been much change.
Speaker #2: We're still based on the brand index and also we are also based on the Dubai level, the Arman WTI level. We also take into consideration the benchmark prices of the oil producing regions.
Speaker #2: Basically, there are some changes in relation to the overall markets in this regard, but if you look at our company in the first three quarters, our discount situation is quite in line with the overall market.
Speaker #2: In the past period, we have seen an increase in freight costs and transport costs, but so far we are still able to maintain a relatively satisfactory position.
Speaker #1: 好，关于这个存留成本的问题呢，前三季度公司的桶油的主要成本是30块5毛7美元。呃变动的主要原因还是由于人民币对美元升值，导致国内呢我们以人民币计价的成本在折合成美元以后，所以金额呢就有所增加。另外呢油价的上涨也带来了一个税金的一个大幅的增加，还有一些呢就是不同油田的产量的结构性的一些变动。那踢出税金汇率等因素影响呢，公司的成本依然是有效管控的。
Speaker #2: Then let me answer your question about cost as well. In the first three quarters, our all-in cost is 30.57 USD. So this is basically I mean this increase is basically because of the appreciation of renminbi against USD.
Speaker #2: So, as a result, there is an increase in the price because of the exchange position when the prices are denominated in USD. So, besides oil price increased, and as a result, there is a tax increase as well.
Speaker #2: And different oil fields also have some structural changes and differences. As a result, there are these different movements. However, we believe that in terms of the exchange rate situation, we are actually well positioned, and we have taken into consideration the possible exchange risk.
Speaker #1: 优势呢是公司的核心竞争力，所以我们也会始终坚持全生命周期的管控理念，通过技术创新和管理的提升来巩固我们的成本领先的优势。公司呢也建立了一套严格的成本管控体系。那么纵向呢也涵盖了我们勘探啊、开发呀、生产销售等各个专业环节。纵向呢也是从上到下也进行了穿透，来确保我们的成本能够层层分解和落实。那么这套体系呢也成为了公司保持成本竞争优势的有力支撑。那未来呢我们也将会持续的坚持成本经营管理，着力呢通过增储上产、技术创新、数字赋能管理提升等方式，那么以自身发展的确定性来应对外部油价波动的不确定性，来保持我们的成本优势，为股东呢创造穿越周期的稳健的回报。
Speaker #2: Cost competitiveness is one of our very important core competencies. By means of technology innovation as well as improvement and refinement in management, we hope to be able to continue our cost advantage. Basically, we have put in place very stringent cost control measures, and so in terms of our exploration, development, and production, we are exercising our cost control and management.
Speaker #2: This is also a top-down approach, and then we are able to make sure that all the cost-control measures can be executed and implemented so that we can maintain our cost competitiveness.
Speaker #2: In the future, we will continue to empower our company's operations with technology. We will also capitalize on digital transformation and innovation management improvement and refinement, as well as all our cost control measures, to maintain our cost competitiveness.
Speaker #2: And in this way, we hope that we will be able to deliver satisfactory returns to our shareholders. So we will make use of our own certainty in order to ride out the uncertain movements and trends in the overall oil price.
Speaker #2: Thank you.
Speaker #3: 好的，谢谢。我们接下来的一个问题是来自 Eva，香港商报。Our next question is from Eva of Hong Kong Commercial Daily. Please continue with your question. 请继续您的提问。
Speaker #4: question 你好，我想问哎管理层对于哎经营这个油价有没有一个预测国际油价方面，还有哎你们哎这个对于全年那个业绩有没有一个就是哎这个第三季那个哎业绩也哎也好呢？想问全年你怎样预测，会不会技术都这样？好，谢谢。
Speaker #2: I have two questions to ask. First of all, do you have any projections or estimates about the international oil price this year?
Speaker #2: The second question is: just now you already presented your Q3 results. Do you have any projections or estimates about your full-year results, please?
Speaker #2: Thank you.
Speaker #3: 油价方面呢，呃这个原油方面呢，前三季度呢还是受到了一些地缘局势的一些扰动，呃国际油价呢是在高位呢宽幅的一个震荡，呃现在来看呢还是主要的影响的变量呢还是聚焦在中东的一些核心航道的一些修复的一些进度，包括呢海湾产油国的产能的恢复的节奏，呃这两个方面呢主要还是受美伊谈判进程与冲突的这个烈度影响，一直在波动，呃地缘博弈呢还是贯穿了全年的这个原油市场的核心的这么一个主线，呃根据一些主流机构的研判呢，这个今年的布伦特的原油均价呢预计呢还是在85到90美元每桶的这个区间啊，不断的震荡，呃地缘政治呢还是影响油价波动的这个关键因素啊，公司呢已将持续的密切跟踪这方面的一些情况，呃天然气方面呢，天然气主要是区域方面，就是各个市场的区域的价格呢都是不太一样，不尽相同，公司的天然气呢主要是以管道气呢形式进行销售，还是有一个相对稳定的这样的销售的框架，长期来讲呢还是能保持销量的稳定，同时呢跟市场的价格还能有一个比较好的一个联动，呃就是您关心的第一个问题。第二个呢就是公司的主要的业绩，呃今年全年的业绩呢还是呃我们按照年初的业绩的指引来看呢，我们的全年业绩还是很稳很稳定的，我们前三季度呢呃也实现了净产量呃593.7个百万桶的当量啊，就接近于600个百万桶的当量，呃我们的年初的指引呢目标呢就是780到800个百万桶油当量，现在来看的话我们还是很有信心完成全年的这个业绩的目标的啊。
Speaker #2: Now let me comment on the oil price situation. When it comes to oil, first of all, in the first three quarters, the major impact was caused by geopolitics.
Speaker #2: If you look at international oil prices, they have been fluctuating within the higher range, and it all depends on the recovery situation in the Middle East and also the recovery pace of the oil-producing regions and countries along the Gulf area.
Speaker #2: So all along, the situation has been very volatile and uncertain. Geopolitical conflict is still the major contributing factor to the fluctuations in oil prices.
Speaker #2: Referring to the full year, the oil price estimate, according to the Brent index, is expected to be within the range of $85 to $90 per barrel.
Speaker #2: For our company, we will closely monitor the situation in relation to oil price movements. Regarding natural gas, natural gas prices differ in different regions and markets.
Speaker #2: For us, we are selling pipeline gas, and so overall sales are rather stable. It is really governed by the sales mechanism, and overall sales are stable.
Speaker #2: And then, referring to our overall business results for the full year, as of the beginning of the year, when we gave guidance for the full year, I think the results will be rather stable.
Speaker #2: In the first three quarters, we had already completed a production volume of 593.7 million BOEs, so it is almost 600 million. For the whole year, our projection or our guidance is 780 to 800 million BOEs. We have full confidence that we will be able to attain this full-year projection or forecast.
Speaker #2: Thank you.
Speaker #3: 好的，谢谢。你们好，先生们、女士们。我们现在正在进行问答环节。如果您需要向我们的公司代表提问，请在电话上按星号加一（*1）。 Ladies and gentlemen, now is our Q&A session. If you would like to ask questions, please press star one (*1) on your telephone touchpad.
Speaker #3: Our next question is from Wang Rui Hua, Morgan Datong. Please continue with your question. 请继续您的提问。
Speaker #4: 呃你好，感谢管理层给我提问的机会啊。呃我这边有两个问题，第一个问题是我看海外媒体有报道说呃我们呃深海一号好像在今年的5月份有个着火事件，呃能更新一下这个深海一号目前的情况吗？它已经恢复正常了吗？然后对二季度、三季度的产量有什么影响？呃也而且有没有一些什么额外的一次性的成本吗？呃然后第二个问题是有关这个呃政府呃今日出的那些呃油气勘探开发十年行动计划，呃能分享一下这政策对公司的中长期的一些影响吗？还有我们呃比如我们2030年具体的产量啊，或者是呃成本，呃资本开支，呃能够更新一下吗？谢谢。
Speaker #2: I have two questions to ask. The first question is, as reported by some overseas media, regarding Deepwater One, in May, there was a fire incident.
Speaker #2: So right now, has everything resumed to normal? Has there been any impact to the production volume in the second and third quarter? Is there any one-off additional cost arising from that particular fire incident?
Speaker #2: And then my second question is, there has been a publishing or an issuance of a 10-year oil and gas industrial policy by the government.
Speaker #2: So, what will be the overall medium- to long-term impact on your company's business and operations? Will it affect your production volume, for instance?
Speaker #2: So, by 2030, what will be your production volume, your cost, and your capex? Can you give us some highlights about these, please? Thank you.
Speaker #3: 这个问题呢请高山东先生回答。
Speaker #4: 好的，我来回答这个刚才投资者提的两个问题。首先回答第一个问题，关于我们领水172平台的问题。那目前呢这个领水172平台啊，副产的工作正在积极有序的推进过程中，那么预计呢我们将在四季度副产。刚才您您问到这个对公司全年产量的影响，目前看来呢全年产量的影响呢是比较小的。那请翻译。
Speaker #2: Mr. Gao will answer this question. So, in relation to your first question, it is about Ling Shui 172. Right now, it is in the process of resumption of production and operation, so we believe that in Q4 production can be resumed.
Speaker #2: As regards any potential impact on our overall production, we think that there is only very little impact on our overall production.
Speaker #3: 这我来回答第二个问题。呃您刚才提到的这个十年行动计划啊，对公司的影响，我想呢这个从宏观上来讲啊，咱们国家呢还是一个这个对外油气都是一程度比较高的这么一个现状。所以这个行动计划呢这个应该说是对公司来讲呢它只有一个正面的影响，也就是希望我们在继续增储上产，在这方面呢加大工作的力度啊，在未来呢这个能够把这个油气的产量进一步提高，这个也与我们公司未来的一个发展的计划是这个是同样的。所以呢这个也是给我们长期的发展带来了一个宏观的环境的一个这个很很利好的一个影响。那请翻译。
Speaker #2: Now let me answer your second question about the government's action plan. So, first of all, in the macro environment, our country has quite a high reliance on external oil and gas.
Speaker #2: So if you talk about the impact of this action plan to our company, we believe that the impact will be positive, because there will be the overall insistence on the increase of reserve and also production. So as a result, in the future there would be continuous increase in production volume, and then future developments. Our company's future development is actually in line with the direction of that 10-year action plan.
Speaker #2: So we believe that, for our overall long-term development, the impact on us is favorable.
Speaker #3: 好的，谢谢。 Thank you. Our next question is from 田鹤琪, from 界面新闻. 请继续您的提问。 Please continue with your question.
Speaker #2: 哎，好的，感谢管理层提供这个提问的机会。我这边是见面的记者，呃，我的问题是侧重于新能源这块。像中东局势引发国际油价剧烈波动，油气行业的整体盈利预期向好，那在此背景下，公司如何看待油气主业和新能源业务之间的资源配置和平衡？然后我也注意到，近年来国际石油公司对新能源投资节奏有所调整，那贵公司的态度如何，以及未来对新能源业务的发展路径如何规划？谢谢。 Basically, my question is about new energy development. So, because of the fluctuations in oil prices caused by the Middle East crisis—well, basically, if you look at the overall oil and gas industries and companies, and compare them with natural or new energy, there is a natural allocation and balance between them.
Speaker #2: So, I understand that there has been some adjustment to your overall new energy investment. In the future, what will be your overall plan in relation to new energy development and production, please?
Speaker #3: 呃公司呢还是在推动油气的业务和新能源的这个融合的发展，呃稳步推进的绿色转型。呃在十四五期间呢，公司呢累计呢获取了新能源的资源呢超过了1,100万千瓦时。呃今年以来呢，海上风电业务呢也进一步得到了积极的进展。呃生源海的服饰风电平台海油的官方号也稳定稳定的运行了。海南的CC7呃生源海风电的示范项目呢建设有序推进啊，我们后面还有CC9等等的一些项目啊。广东啊江苏新能源的项目呢都进入到了设计的阶段啊，请翻译。
Speaker #2: All along, we have been working hard, with a lot of effort, in promoting the integrated development of our oil and gas business and our new energy business.
Speaker #2: So we are working on green transformation during the 14th five-year plan that has already been development of 11 million kilowatt hours and we also see quite satisfactory progress in our offshore wind power projects and then there are also the demonstration wind and new energy projects in Hainan and then also some project progress in Guangdong and and and Jiangsu and so on.
Speaker #3: 呃公司呢自主研发的国内的首个专利腿的服饰风电示范项目就是海油安澜号呢8月份呢已经并网发电了，预计呢每年可以给油田提供5,400万度的绿电。这个呢相当于节约了燃料油是大概是1.5万吨。呃减少二氧化碳的排放呢是3.5万吨，整个的新能源的项目呢整体呢我们看还是运行很平稳，继续呢保持盈利。
Speaker #2: For our newly developed wind energy, wind power project, basically, in August it has already successfully generated power that was integrated with our power grid.
Speaker #2: So basically, that has been the generation of energy, so that we are able to reduce carbon dioxide emissions by 35,000 tons, and also we're able to reduce traditional energy usage by 15,000 tons.
Speaker #2: The overall energy generated is actually 54 million kilowatts.
Speaker #3: 呃您刚才问到了国际上的一些石油公司对新能源的一些态度。呃对于海油来讲呢，十五五期间呢公司还是要进一步加快优质风电的资源的获取。我们的态度呢是加速新项目的建设，着力培育呢产业的一些核心竞争力。
Speaker #2: And then you also asked about our development plans for the 15th Five-Year Plan. We will definitely expedite our wind energy development projects and also accelerate our development progress for new energy projects.
Speaker #3: 好的，谢谢。Thank you. Our next question is from 郭一凡 at UBS. Please continue with your question. 请继续您的提问。
Speaker #2: 感谢管理层的提问机会。我想请教两个问题。一个还是关于减值方面的，在我印象中公司好像没有在三季度做过大额的减值。想请问一下，我们现在三季度的减值是不是已经比较充分？如果展望四季度年底的话，可能还有没有需要关注的一些减值方面的风险点？ 第二个问题想请教一下关于天然气价格。我们看到今年三季度天然气价格情况还是保持比较好的状态。展望四季度的话，对天然气的实现价格是怎么看？多谢。 I have two questions to ask. The first question is about impairments. In your company's history, there has not been any big amount impairments made in the third quarter.
Speaker #2: So, from the fourth quarter till the end of the year, do you foresee any possible risk of impairment? My second question is about the natural gas price.
Speaker #2: So this year, in the third quarter, the conditions and circumstances have been good. So, what about Q4? How much will the realized natural gas price be in the fourth quarter, please?
Speaker #1: 我先回答第一个问题。就关于减值，公司呢我们是严格按照会计准则的要求，也是从谨慎性的原则出发。在资产负债表就会去判断我们的资产是否出现了减值。所以这是对在每一个资产负债表日我们资产的状况相关的，和它实际的情况相关的。那么在这个三季报的这个时点上，那我们相关资产出现了减值迹象，那么也经过了第三方的评估，确实是需要进行减值。那么到年末呢，我们也会在年末的时点上严格按照会计准则的要求来进行判断，如果出现减值迹象呢，那么再按照谨慎性的原则来进行减值。好谢谢。
Speaker #2: First of all, let me answer the question about impairments. We strictly adhere to accounting standards when making an impairment. We will refer to our balance sheet and see whether there is any impairment to any assets.
Speaker #2: So this is actually the reality. At the same time, we ask third parties to confirm whether there is the need to make impairment.
Speaker #2: When it comes to the situation at year-end, again, we will refer to accounting standards and we will comply with accounting standards and requirements.
Speaker #2: We will look at the actual asset situation to see whether there is the need to make impairment. We will also get a third party involved to confirm and to evaluate, so everything will be done strictly in accordance with accounting standards.
Speaker #1: 好关于天然气的价格，呃第三季度呢我们的实现气价是8.4亿美元每千立方英尺，同比增长呢是7.8%。主要呢还是人民币对美元汇率上升的一个影响，当然呢还有就是部分我们海外项目天然气的售价也随着市场价格也有所上涨。
Speaker #2: So now let me comment on natural gas price. In the third quarter, the realized natural gas price was $8.71 per cubic foot, and there was a year-on-year increase of 7.8%.
Speaker #2: This is mainly because of the appreciation of the RMB against the US dollar. Basically, there is also an increase in the natural gas sales price.
Speaker #3: 好的谢谢。我们接下来下一条问题是来自于21世纪经济报道的曹恩惠，请继续您的提问。
Speaker #4: 呃管理层好，呃我这边是来自21世纪经济报道的记者。我想就着刚刚的问题可能进一步再问一下，因为呃这个问题是关于即使是关于天然气相关的，因为进入到这次季度国内就会进入到那个迎风渡冬的一个天然气保供的一个状态，天然气整体的保供压力也会上升。我想请问一下管理层就是公司在海上气田包括LNG接收站的这样的一个供气呃调度会有怎样的一个应对。另一方面就是因为可能考虑到国内目前天然气销售价格机制，长协占比的情况，我们会如何去平衡就是保供任务和商业化收益的这样一个关系。谢谢。
Speaker #2: My question is actually a follow-up about natural gas. In the fourth quarter, because of the winter season in mainland China, there will be greater pressure on the supply guarantee for natural gas.
Speaker #2: And then, if you look at your offshore gas fields and also your LNG projects, how are you going to make allocations and deployments, please? And then, how are you going to balance your need to guarantee supply and also commercial return and business considerations?
Speaker #3: 谢谢您的这个问题。呃现在马上也到冬天了，呃这个目前来看呢就是这个天然气的这个价格呢还是受到了各方面的一些多气源的一些竞争，包括季节性啊，包括天气啊，地缘政治这方面的一些影响。呃有些公司呢我们公司呢天然气呢主要还是以长协和中短期的合同销售这个为主啊，呃用户呢主要分布在沿海的地区，包括一些电厂啊，工业企业。呃销售的价格呢呃历来都是采用市场化的定价的这样的一个原则，呃价格呢参照相同的市场，同类交易的价格以及用户的协商来去确定啊，请翻译。
Speaker #2: So, well, we are moving into the winter season right now. If you talk about natural gas prices, basically, they are subject to impacts in relation to seasonality, geopolitics, and climate and weather.
Speaker #2: For our sales of natural gas, it is based on long-term agreements, and many of our coastal customers are power plants and also industrial customers along the coastal area.
Speaker #2: And all along, our selling price has been based on the market mechanism. So, our sales are being marketized. Basically, this is our arrangement, and we also deliberate with our users in relation to price setting.
Speaker #3: 到了接收站的业务，相应的一些油气调运，很多的业务呢是在我们的集团公司不在本公司的业务范围之内啊。
Speaker #2: And then your second question in relation to offshore projects—well, that business is within the group company, not within our company.
Speaker #3: 好的我们欢迎下一条提问是来自于中金公司的王嘉许请继续您的提问。
Speaker #2: 哎呀，感谢管理层给我这个提问机会。我想请教一下，还是资产减值的问题，就是这个减值大概是对应哪个地区的油气资产？然后是不是和当前海外的地缘冲突有关，对未来当地的长期产量和产能预期会不会有影响？ My question is about impairment. To which region is this impairment related? Is it basically related to overseas geopolitical conflicts, and what will be the impact and relationship with your future production volume and capacity?
Speaker #1: 就像我刚才交流提到的，我们的资产减值主要还是来自海外资产受到的相关因素的影响啊，那么它的经营环境发生了变化，所以做出的一个综合性的一个判断。
Speaker #2: As I explained earlier in relation to our impairment, it is mainly because of our overseas assets being impacted. Basically, there are changes in their operating environments, leading to the need for impairment.
Speaker #3: 好的谢谢。好的我们接下来有请的是呃路透社的陈爱珠请继续您的提问。
Speaker #5: 你好哎谢谢给提问的机会。嗯我有一个问题是有关咱们海外的一个投资，是在Trinidad and Tobago特里尼加和多巴哥，呃在年前大概3月份的时候，我们了解到就是呃天气政府给Dino有一个呃深海区块24和25区块的一个award，就是说中了标，呃然后呃公司应该会有一个大概三个月的窗口期来进行谈判，是不是正式决定进入这个投资，呃烦请这个公司公司的管理层跟我们解释一下或讲解一下这个投资项目的最新的进展，我们有没有呃决定进入呃这个TNT的深海呃项目。第二个的话不好意思我想跟进一下刚才呃一位同行问的问题，是有关咱们深海领水172的这个呃这个事故，呃能不能给我们讲解一下就是到底发生了什么，然后从意味着是从5月份事故就是媒体的报道到现在一直是在停产的这个状态下吗。谢谢。
Speaker #2: my first question is about your overseas projects in particular in Trinidad and Tobago. So I understand that in March you have got an award of contract by the government in relation to deep sea 2425 areas and then you are having a three months window period during which you will enter into negotiation and see whether you will commit your your company to make this investment.
Speaker #2: So, I want to know whether there is any update to this particular project. Have you decided whether or not you will enter into this project and make an investment? And then, my second question is a follow-up about the Ling Shui 172 incident.
Speaker #2: What exactly happened in that particular incident? Is it true that production has been suspended from May until now, please?
Speaker #3: 嗯这个问题呢请高安东先生回答一下。 好的我首先来回答您的第一个问题就是关于特里尼达多巴哥这个两个区块24和25这个进展的情况，呃这个区块呢目前看呢是我们双方的跟政府的沟通是非常顺利的，这个我们将有望拿到这个区块，呃这个目前来看我们在海外的布局啊应该说是关注的更多的是我们这个以战略核心区，那么特里尼达和多巴哥这个区块呢也是在我们的战略核心区内，所以这块呢我们会持续的往前推进啊，就请您放心请翻译。
Speaker #2: So, first of all, Mr. Gao will answer your first question. Your first question is about the project in Trinidad and Tobago, areas 24 and 25. You asked about the progress.
Speaker #2: So far, our communication with the government has been smooth. We do have the chance of securing that project for Trinidad and Tobago. Actually, it is within our strategic core region.
Speaker #2: So we are very interested in being able to secure that project, so please rest assured that we believe we are able to get that project, and we will make that investment.
Speaker #3: 那再回答您第二个问题，这个关于领水172的问题，呃刚才我已经讲过了，呃这个如果有需要其他这个披露的问题呢，我们会通过这个官方的媒体啊进行披露啊，谢谢。
Speaker #2: Let me answer your question on Ling Shui 172. As I mentioned earlier, if there are any details that need to be disclosed, we will disclose them via our official media.
Speaker #2: Thank you.
Speaker #3: 非常感谢各位参加中国海洋石油有限公司的三季度业绩发布电话会议，感谢大家给予公司的持续关注。如有进一步关心的问题，请与公司的投资者关系以及媒体关系工作人员取得联系。 Ladies and gentlemen, thank you again for attending the CNOOC Ltd. third quarter announcement. We appreciate your continued attention to the company. If you have further questions, please contact our IR and PR departments.
