China Offshore Oil Engineering Company Secures $4 Billion Contract for Qatar Energy’s Project

China Offshore Oil Engineering Company (COOEC), a subsidiary of China National Offshore Oil Corporation (CNOOC), has recently signed a landmark engineering, procurement, and construction (EPC) contract valued at up to $4 billion with Qatar Energy. This contract is for work on the Bul Hanine offshore oilfield, located approximately 100 kilometres east of Qatar’s coastline in waters up to 40 meters deep. The deal represents the largest contract value held by a Chinese company for an offshore oil and gas engineering project in the Middle East. Project Details Under the scope of this