CNOOC subsidiary, China Offshore Oil Engineering Co (COOEC), has signed an EPC contract for work on QatarEnergy’s Bul Hanine offshore oil field.
The project contract is valued at around $4bn (RMB 28.5bn) and will take effect from October 2025. The scheduled completion date is set for June 2031.
The project scope includes the design, procurement, construction, transportation, installation, and commissioning of over 60 individual offshore oil and gas facilities and 40 subsea pipelines and cables, as well as the retrofitting of existing platforms and decommissioning of abandoned platforms.
According to COOEC, the project will set the record for both the breadth of business categories and the complexity of work involved and will entail the processing of over 130,000 tonnes of steel.
The deal between QatarEnergy and COOEC is also the largest contract value secured by a Chinese company for an offshore oil and gas engineering project in the Middle East.
The Bul Hanine oil field is located in the Persian Gulf, some 100 km east of Qatar. The field has a maximum water depth of approximately 40 m.
