China Offshore Oil Engineering Company has secured a landmark $4 billion EPC contract from QatarEnergy for the Bul Hanine offshore oilfield — its largest-ever Middle East project.
China Offshore Oil Engineering Company (COOEC), a key subsidiary of global energy major China National Offshore Oil Corporation (CNOOC), has signed an engineering, procurement and construction (EPC) contract worth up to $4 billion for work on QatarEnergy’s Bul Hanine offshore oilfield.
According to the report by news agency Zawya, senior officials said the deal represents the largest contract value secured by a Chinese company for an offshore oil and gas engineering project in the Middle East. Kick-off meetings for the Bul Hanine project were recently held in Tianjin and Singapore.
The project marks a major milestone in China-Qatar energy co-operation and is viewed as a significant step in advancing high-quality international oil and gas collaboration under the Belt and Road Initiative.
Under the EPC scope, COOEC will provide design, procurement, construction, transportation, installation and commissioning services for more than 60 offshore oil and gas facilities, along with 40 subsea pipelines and cables. The work will also involve retrofitting existing platforms and decommissioning abandoned ones.
Located in the Bul Hanine oilfield about 100km east of the Qatari coastline, the project site sits in waters with a maximum depth of around 40m.
According to COOEC, the project will set a record for both the range of business categories covered and the complexity of work involved, with more than 130,000 tonnes of steel to be processed, Zawya reported.
The entire project is scheduled for completion by mid-2031.
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