CNOOC Energy Technology & Services Ltd. (600968)

Overview

CNOOC Energy Technology & Services Limited is a prominent player in the oil and gas industry within China, offering a wide array of services tailored to meet the demands of the sector. The company, which is a subsidiary of the China National Offshore Oil Corporation, was established in 2005 and is headquartered in Beijing. Its operations are structured into three main segments: Energy Technology Services; Low-Carbon Environmental Protection and Digitalization; and Energy Logistics Services. These segments encompass a range of services from engineering and technology solutions, low-carbon initiatives, digitalization efforts, to energy logistics, catering to both offshore and onshore oil and gas company needs. CNOOC Energy Technology & Services demonstrates a commitment to innovation and sustainability within the energy sector, aiming to provide comprehensive solutions that address current industry challenges while anticipating future needs.

Products and Services

• Energy Technology Services

  This segment includes a comprehensive suite of services such as engineering technology; design, manufacturing, operation, and maintenance of equipment; integration of oil and gas field production; integration for unconventional oil and gas; operation, and maintenance integration of equipment and facilities; FPSO (Floating Production, Storage and Offloading) production and operation; alongside technical and support services targeting production operations of offshore and onshore oil and gas companies.

• Low-Carbon Environmental Protection and Digitalization

  Here, CNOOC Energy Technology & Services Limited focuses on advancing technologies and services aimed at promoting safety, energy conservation, and environmental protection. This includes water treatment technologies, development of green coatings, utilization of cold energy, and digitalization to enhance operational efficiency. Additionally, the company engages in offshore wind power activities, underlining its commitment to low-carbon energy sources and environmental stewardship.

• Energy Logistics Services

  This segment offers a variety of logistical support services tailored for the offshore oil industry. It covers support for production links, mid-and downstream areas, offshore material supply, and catering services. It also provides coordination services for offshore oil and gas transportation, assistance services for oil companies in offshore oil and gas transportation, and sales services for the distribution of oil and gas by-products, ensuring efficient and effective logistics solutions throughout the sector.