Date：2025-11-03
Offshore Oil Engineering Co., Ltd. (COOEC)?has announced the signing of a landmark EPCI contract with?Thailand’s national oil company PTTEP?for the?Bundled Phases 4 Project, valued at approximately?USD 800 million. The award sets a new benchmark for Chinese offshore contractors, marking the?largest single EPCI contract ever secured by a Chinese enterprise in Southeast Asia. The contract represents another major milestone for COOEC in the Asia-Pacific region following its successful award of the?PIC Phase 4 EPCI project?in 2024.
The PTTEP Bundled Phases 4 project, located in water depths of approximately 60 to 80 meters, will be executed under a Long-Term Agreement (LTA) framework. The anticipated scope includes the construction of new wellhead platforms and jackets, transportation and installation of existing topsides, installation of risers and PLEMs, pipeline laying, and platform modification works. As the general contractor, COOEC will deliver a comprehensive EPCI solution encompassing project management, detailed design, procurement, fabrication, transportation, installation, and pre-commissioning.
COOEC is now mobilizing an?international project management team?and consolidating?global resources?to ensure?safe, high-quality, and efficient execution?through refined, standardized, and professional project management practices.
Offshore Oil Engineering Co., Ltd. is a listed company controlled by China National Offshore Oil Corporation. It is the only large general contracting company in China with capacities to undertake the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects, as well as the liquefied natural gas, offshore wind power, refining and chemical projects, etc. It is also one of the largest and the most competitive EPCI (engineering, procurement, construction and installation) contractors of offshore oil and gas projects in the Asia-Pacific region. The Company is headquartered in Binhai New Area, Tianjin. It was listed on Shanghai Stock Exchange (Stock Short Name: COOEC, Stock Symbol: 600583) on February 2002.
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