CHINA OILFIELD expects capital expenditures of RMB 8.44 billion this year

CHINA OILFIELD (02883.HK) announced that it expects domestic business to remain stable and overseas business to show steady growth in 2026. The total capital expenditure for the year is approximately 8.44 billion RMB, mainly for equipment investment and upgrades, technological equipment updates, R&D investment, and base construction.

In 2026, the company will focus on fully achieving the development goal of becoming a world-class energy service company with Chinese characteristics, with the core aim of cultivating and developing new productive forces in marine energy services. At the same time, it will systematically plan the industrial development layout, build a sufficiently flexible and efficiently allocated large equipment resource guarantee system, accelerate the leap from parallel running to leading in major technological products, and strive to create a distinctive digital technology product ecosystem and service system