Offshore Oil Engineering Co., Ltd Overview
Pro stress-test →Offshore Oil Engineering Co., Ltd is a China-based company principally engaged in the provision of offshore petroleum engineering services, functioning as a general contracting company integrated with offshore oil and gas development project design, land production, offshore installation, commissioning and maintenance, and LNG refining projects. The company operates as a subsidiary of China National Offshore Oil Corporation.
Strategic Profile
Pro stress-test →The company is the only large-scale engineering general contracting company in China that integrates marine oil and gas development engineering design, procurement, construction and offshore installation, commissioning, maintenance, liquefied natural gas, offshore wind power, refining and chemical engineering, and is one of the largest and most powerful general contractors for offshore oil and gas projects in the Asia-Pacific region. Revenue streams break down by activity as follows: offshore engineering services (49.3%), onshore engineering services (41.5%), and construction and maintenance of offshore facilities (8.5%).
Competitive Landscape
Pro stress-test →Offshore Oil Engineering is uniquely positioned as the only large-scale integrated offshore engineering contractor in China and ranks among the largest and most powerful general contractors for offshore oil and gas projects in the Asia-Pacific region. Global competitors include international EPC firms, though the company's CNOOC backing and domestic project focus provide competitive advantages.
Industry Context
Offshore Oil Engineering Co., Ltd operates in Oil & Gas Equipment & Services.
Key facts
Founded: 2000 · Headquarters: Tianjin, China · Employees: 9,824 · Revenue: N/A · Market cap: 24.1B CNY