CNOOC Energy board approves 2026 plans, management initiatives

CNOOC Energy Technology & Services Co., Ltd. held its Fifth Board of Directors' Twenty-Second Meeting on December 22, 2025, in Beijing. Chaired by Mr. Zhou Tianyu, the company's director and general manager (acting chairman), all six board members were present. The meeting deliberated and approved several key proposals for 2026 and future management.

Among the resolutions passed were the "2026 Annual Financial Budget Plan," the "2026 Annual Production and Construction Plan," and the "2026 Annual Internal Audit Plan," all receiving unanimous approval with six votes in favor. Additionally, the board approved the "Proposals on Formulating <Market Value Management System>," "Proposals on Amending <Engineering Construction Management System>," and "Proposals on Amending <Supply Chain Management System>," each with six votes in favor.

A notable resolution involved the "Proposals on Determining the Realization of Incentive from the 2022-2024 Term for CNOOC Energy Managerial Level Members," which passed with five votes in favor, with related director Mr. Zhou Tianyu abstaining due to conflict of interest. All resolutions had previously been reviewed and approved by the respective Audit, or Remuneration and Nomination Committees before being submitted to the board.