CNOOC Energy Logistics Limited

As the only large-scale specialized logistics service company of CNOOC, in 2021, CNOOC Energy Logistics Co., Ltd. (hereinafter referred to as "logistics company"), a wholly-owned subsidiary of CNOOC, will focus on the main business of offshore oilfield production and supply guarantee. With the support of the two major industries of "supply chain service" and "supply chain trade", we will strengthen the construction of core capabilities, move from enterprise logistics to logistics enterprises, and promote the company's high-oriented development.

Adhere to science and technology empowerment, run out of "acceleration". Around the "two platforms, three core systems" continue to promote the intelligent upgrading of the supply chain, intelligent base, intelligent warehousing has achieved breakthrough results. In terms of intelligent base, according to the goal of "effective in one year and completed in two years", the logistics company takes Huizhou base as the pilot to build an intelligent base. Through digital production scheduling and intelligent production operation, the operation efficiency has been improved by 30%, the digital management level of the park has been improved, and the management cost has been reduced. At the same time, it realizes automatic data collection, visual display, intelligent auxiliary decision-making, 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 warehouse has achieved full digital coverage, while adding three intelligent warehouses, steadily promoting the construction of Hainan Machun No. 3 intelligent benchmark warehouse. In the intelligent warehouse that has been put into operation, the utilization efficiency of storage resources has been increased by more than 60%, the operation efficiency has been increased by more than 50%, and the personnel have been saved by 50%. Improve and optimize the functions of WMS (warehouse management system) and WCS (warehouse control system) products independently developed by the company, and gradually form a digital and intelligent operation mode that can be replicated and promoted.

Adhere to the market-oriented, build a "strong engine". The company innovates the business model, gives full play to the advantages of party building in state-owned enterprises, and makes new breakthroughs in market management. In terms of innovative business model, logistics companies to Tanggu base oil well cement as a pilot to gradually promote the bulk material consignment model, and gradually to the four seas base. As of the end of November, the book quantity of bulk materials in 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 should give full play to the leadership of party building, decompose the indicators of cost reduction and efficiency into branches step by step, manage vertically and track dynamically, and promote the "effective" landing of party building. Through the branch attack, party members take the lead, combined with the application of intelligent equipment, integration of business models and other measures to tap the potential to reduce the cost, to achieve the goal of reducing the cost of the year.

Adhere to green development and find the "fixed star". Based on "carbon peak, carbon neutral", green low carbon as the top-level concept of industrial development into the business chain, promote the exploration of green logistics industry. The incarnation of "wind chasers" is integrated into the development of offshore wind power. Logistics companies take advantage of the base's operating resources and large-scale transportation equipment resources to provide CLP and CGNPC with services such as storage of wind power equipment (blades, engine rooms, towers and other large-scale equipment), lease of wind turbine pre-assembly terminals, and procurement of marine diesel oil for offshore wind power construction, so as to give full play to the integrated service capability of the supply chain and help the development of the new energy industry. Do a good job of "builders" and build a green base for CNOOC. The logistics company Huizhou base terminal has achieved a three-star green port grade assessment, and the green base construction has achieved substantial results.

In 2022, logistics companies will adhere to the supply chain construction as the starting point, fulfill the mission of serving the country with energy, and ensure CNOOC's "Seven-Year Action Plan" to increase storage and production. Steady and orderly expansion of external business to enhance industrial capacity outward; Focus on asset-side integration, digital empowerment and business model reconstruction to make a targeted breakthrough to build a supply chain company with international first-class energy companies with Chinese characteristics.