The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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CNOOC Engineering announced that the company plans to increase RMB100m in capital to its Zhuhai subsidiary for its Zhuhai deepwater offshore engineering equipment manufacture project.
The capital injection is to help the company further expand development of its deepwater business and improve the core competitiveness, said CNOOC Engineering. The company plans RMB3.5bn investment in the Zhuhai project in all.
CNOOC deepwater engineering base is located at Zhuhai Gaolan, focusing on the development and production of deepwater floating platform and offshore oil and gas facilities.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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