With an award valued at approximately $4 billion, Offshore Oil Engineering Co., Ltd (COOEC) has secured two key sections of the Bul Hanine megaproject in Qatar, cementing its position as Asia’s leading offshore offshore oil engineering. The deal represents the highest figure ever achieved by a Chinese company in this sector in the region.
A record offshore contract in the heart of the gulf
The contract awarded by QatarEnergy involves new construction, subsea works and modernization of existing infrastructure. COOEC will be responsible for platform development, subsea cable laying and refurbishment of equipment at the Bul Hanine offshore field, located 120 kilometers off the Qatari coast.
[post_relacionado]This project is in line with the strategy of extending the field’s useful life and doubling its crude oil production. For the Chinese state-owned company, it also means a validation of its experience as an EPCI contractor, with capabilities ranging from design to installation and maintenance.
boosting the Belt and Road initiative
The award reinforces China’s participation in the region’s energy development, in line with the objectives of the Belt and Road Initiative. COOEC has executed nearly 70 international projects under this framework, strengthening its global presence and promoting strategic collaborations.
The Persian Gulf, as a key geopolitical enclave for the sector, remains a focus of interest for Chinese companies. The current operation adds to previous contracts, such as the Ruya contract, which was also assigned by QatarEnergy and ratifies the preference for partners with integrated capabilities and proven experience.
A commitment to regional integration
The development of the Bul Hanine project project contributes to the regional integration of energy chains. The Chinese company plans to further expand its portfolio in the Middle East, providing high-value technological solutions for the full cycle of offshore projects.
In this context, the company also seeks to contribute to the dual circulation model promoted by China, in which international cooperation complements domestic demand. The experience gained in the Gulf strengthens its competitiveness both in Asia and in new emerging markets.
Source and photo: Offshore Oil Engineering (COOEC)