SINOPEC Shanghai Offshore Oil & Gas Company (hereinafter referred as “Shanghai Offshore Oil & Gas Company”), is specialized in offshore oil and gas exploration and development. three main businesses of the Company are: Engaging in the management of Xihu and Pinghu oilfield development project in the East China Sea on behalf of Sinopec, which includes exploration evaluation research, development construction, sales work of Xihu project and safeguarding the interests of the shareholders of Sinopec; Carrying out the self-exploration in the  East China Sea, the South China Sea and the Yellow Sea for the purpose of discovering new oil and gas field and establish self-development base as soon as possible; undertaking the evaluation research of the oversea oil and gas resources exploration and development project.

Shanghai Offshore Oil & Gas Company achieved brilliant results in oil and gas exploration in the East China Sea by discovering Pinghu, Tianwaitian and other eight oil and gas fields, as well as Yuquan, Long’er and a number of oil and gas structures. Shanghai Offshore Oil & Gas Company have made outstanding contributions to the country’s oil and gas development and have won the title of Meritorious Unit of geological prospecting and more than 60 awards issued by the State Scientific and Technological Commission, National Development and Reform Commission, Economic and Trade Commission, the National Mineral Resources Committee, the Ministry of Geology and Mineral, the Ministry of Science and Technology and Shanghai Municipal Government for significant exploration results.

Shanghai Offshore Oil & Gas Company has 27 offshore exploration block area, an area of 94,513 km2. Twelve of them are self-exploration blocks covering an area of 56,748 km2, located in East China Sea Basin, Qiongdongnan Basin and Beibu Gulf Basin; Thirteen prospecting blocks and two exploiting blocks are jointly owned with China National Offshore Oil Corporation, which located in East China Sea Shelf Basin and Xihu Trough, covering an area of 37765km2. By 2010, Shanghai Offshore Oil & Gas Company has a proven geological reserve of 9.161 million tons of oil, and 31.67 billion cubic meters of natural gas. Fifty-five exploring wells and appraisal wells in had been drilled which hit an exploration success rate of more than60%.

In 2010,the goal of Shanghai Offshore Oil & Gas Company is to achieve breakthrough in a New oil and gas field, make significant achievements in self-exploration blocks, make new discoveries in Qiongdongnan deep water exploration area and re-implement the 16 local structures to determine the next key drilling target; Sinopec headquarters’ approval of the two exploration wells’ well-site demonstration in Weixinan area laid a solid foundation for the drilling in 2011. The significant progress in the Exploration of the cooperation zone in the East China Sea along with the oil and gas breakthrough of Pinghu-11 Well show the vast oil and gas prospects of "looking for another Pinghu in Pinghu’s periphery". Pinghu oil and gas field since its putting into production in 1999, has cumulative production of 3.932 million tons of crude oil, and 5.788 billion cubic meters of natural gas and has provided a strong guarantee to the long-term stable supply of high-quality natural gas in Shanghai. The well location proposals for the exploration and evaluation project in "Sakhalin" and "Nigeria" achieved a major breakthrough in oil and gas, and made Shanghai Offshore Oil & Gas Company becoming an important technical supporter of Sinopec International Petroleum Exploration and Production Corporation’s overseas offshore project.

2011 is the first year of " the Twelfth Five Year Plan". It’s also the year preparing to meet new challenges, accept new tests, and go forward into the deep sea. Shanghai Offshore Oil & Gas Company will implement Sinopec’s development strategy of "Stabilize the East, Increase the west, Speed up the South, and Develop the Offshore", speed up technological innovation, strengthen fine management, intensify the training of personnel, make a greater contribution to achieving new breakthroughs of offshore oil and gas.

Address:  1225 Shangcheng Road, Shanghai  P.R.China
PostCode: 200120
Tel:     +86 21 68763242
Fax:    +86 21 68769284
Website: www.shopc.com.cn
E-mail:  shopc@shopc.com.cn