Chinese firms in offshore co-op pact

  • Business & Finance

China’s Hilong Group and Sinopec Offshore Oilfield Services Co., Ltd. have signed a strategic cooperation framework agreement in Shanghai.

The companies will collaborate in offshore engineering and design, oilfield equipment, oilfield services, and pipeline construction equipment and services.

Furthermore, the two parties will work together to promote scientific research collaboration in offshore new equipment, offshore new technology, new materials, and new techniques as well as oilfield engineering service technology.

Zhang Jun, Hilong President, said that while Sinopec Offshore Oilfield Services Co., Ltd. has rich experience and strong technical strength in many areas of offshore engineering, ilong has the capacity for high-level offshore engineering design, construction, and integrated services.

“I firmly believe that through in-depth cooperation and complementary advantages, both sides will promote vigorous development in offshore engineering,” Jun said.

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