UEG 2022 3Q Performance Review Successfully Held
United Energy Group (UEG) held a virtual conference for the performance review of the 3rd quarter, from October .24th to October .25th. Chairman Mr. Zhang Hongwei and management team from the Beijing HQ office, expatriates and asset teams participated in the meeting.
The Quarterly Performance Review (QPR) meeting was held on October 25th. Each asset team reported their production and operation in the past 3 quarters The management team commented on the reports of asset teams, assessed current situation confronted by the Group from their own professional perspectives and set the work plan for the fourth quarter..
The meeting shows that Beijing HQ, assets in Pakistan, Iraq and Egypt all have reached fruitful outcomes in production, operation and management in the first half of the year, with all targets being exceeded. The clear and thorough analysis of operational situation has laid a solid foundation for reaching annual targets.
Chairman Zhang Hongwei highly confirmed the excellent performance of all teams and emphasized that the favorable performance was achieved by the joint efforts of both headquarter and asset teams. Especially, despite facing challenges posed by flood and the pandemic in Pakistan, UEP can still ensure safe production and provide timely support for other asset teams. Looking into future, Chairman Zhang Hongwei pointed out that under the current situation of economic downward, geopolitical hot issues and natural disasters, our key work in the fourth quarter should be focus on two aspects. On one hand, we must still unwaveringly scale up our efforts to HSSE management and pandemic control and prevention to ensure the completion of our annual production and targets; on the other hand, we need to grasp every opportunity to achieve UEG’s fast and sustainable development by closely following the current international situation. Based on the existing oil and gas businesses, we should also continue to explore new business opportunities in clean energy sector such as wind power and solar power. Moreover, we need take the advantage of the opportunities of carbon emission trading to build UEG into a comprehensive energy company. In the end, I hope that everyone could sustain their efforts in the fourth quarter and strive for the Group’s annual and long-term objectives.