China Oilfield Services (2883) Investor presentation summary

Technology-driven strategy and innovation

• Prioritizes a technology-driven strategy, focusing on scientific research, applied R&D, and industrial application to enhance core competitiveness and innovation as the development engine.

• Integrates customer perspectives, emphasizing high-quality oilfield services, dual drivers of product and service, and comprehensive integration across business processes and technical solutions.

• Developed a robust innovation system with scenario-oriented solutions, integrated services, and a three-dimensional output structure, supported by a multi-layered R&D and talent platform.

• Promotes a unique 14R innovation model, aligning research, production, implementation, and reform to maximize customer asset value and technical value across the full lifecycle and industry chain.

• Built advanced R&D platforms and laboratories, collaborating with leading universities and national research centers to drive original technology development and discipline construction.

Implementation results and technological achievements

• Achieved significant technological advancements in seismic exploration, logging, directional drilling, wellbore fluids, well completion, and oilfield stimulation, with multiple world-firsts and industry awards.

• Increased technology coverage to over 80%, improved efficiency and customer experience, and expanded application of core technologies domestically and internationally.

• Major breakthroughs include the "Hai Jing" and "Hai Mai" seismic systems, "Xuan Yue" logging system, rotary steerable drilling tools, advanced cementing for CCUS, and autonomous well completion systems.

• Scientific research has led to record-high product exports, increased reserves and production, and high success rates in well completion and overseas operations.

• Technology segments are the main profit contributors, with global market share growth in seismic, logging, cementing, and drilling, and expanding overseas revenue.

Social and industry impact

• Enhanced industry recognition through international awards, standard-setting, and leadership in technological innovation.

• Organized industry chain and supply chain partner conferences, formed alliances, and promoted intelligent, green, and efficient manufacturing ecosystems.

• Focused on equipment standardization, automation, and digitalization to improve safety, cost, and long-term competitiveness.