---
title: "Sinopec Oilfield Service Wins RMB1.77 Billion Natural Gas Pipeline Contract"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291901470.md"
description: "Sinopec Oilfield Service's subsidiary won a RMB1.77 billion contract to construct 279km of natural gas pipelines. This award represents approximately 2.2% of the company's projected 2025 operating revenue. While management highlighted strong market recognition, they cautioned that the contract is not yet formally executed, leaving revenue realization subject to uncertainty and investment risks."
datetime: "2026-07-07T08:37:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291901470.md)
  - [en](https://longbridge.com/en/news/291901470.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291901470.md)
generator: "portal-rs"
---

# Sinopec Oilfield Service Wins RMB1.77 Billion Natural Gas Pipeline Contract

Sinopec Oilfield Service ( (HK:1033) ) has provided an update.

Sinopec Oilfield Service Corporation has disclosed that its wholly owned unit, Sinopec Oil Engineering and Construction Corporation, has won the bid for Section I of the general contracting work on the Heihe–Daqing and Daqing–Changling natural gas pipelines. The bid is valued at RMB1,772 million, equivalent to about 2.2% of the company’s projected 2025 operating revenue under PRC accounting standards, highlighting the commercial significance of the award.

Under the project, the company will construct roughly 279 kilometers of natural gas pipeline over a 710-day period, further strengthening its track record in long-distance pipeline construction. Management emphasized that the win reflects strong market recognition of its brand and technical capabilities, though it cautioned that the contract has yet to be formally executed, leaving execution and revenue realization subject to uncertainty and underscoring related investment risks for shareholders.

The announcement, made on a voluntary basis, also underscores Sinopec Oilfield Service’s ongoing role in building China’s gas transmission infrastructure, which is critical for meeting growing natural gas demand and supporting energy security goals. Successful completion of the project would enhance the company’s operational pipeline portfolio and could support its competitive positioning in future tenders for major energy infrastructure contracts.

The most recent analyst rating on (HK:1033) stock is a Buy  
 with a HK$1.00 price target.  
 To see the full list of analyst forecasts on Sinopec Oilfield Service stock,  
 see the HK:1033 Stock Forecast page. 

**More about Sinopec Oilfield Service**

Sinopec Oilfield Service Corporation, a joint stock company based in the People’s Republic of China and listed in Hong Kong, operates in the oilfield services and energy infrastructure sector. Through its wholly owned subsidiary Sinopec Oil Engineering and Construction Corporation, the company focuses on large-scale engineering and construction projects, including long-distance natural gas pipeline development that supports China’s expanding energy transport network.

The company leverages its brand recognition and technical expertise to secure major contracts in the domestic energy market, reinforcing its position as a key service provider to national oil and gas enterprises. Its capabilities in complex, long-distance pipeline construction are central to its role in enhancing natural gas transmission capacity and supporting China’s broader energy transition and security objectives.

**Average Trading Volume:** 61,319,106

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$35.68B

For an in-depth examination of 1033 stock, go to TipRanks’ Overview page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**