CNOOC Energy Technology & Services Limited
CNOOC Energy Technology & Services Limited(CNOOC EnerTech) was founded on June 20, 2008 with a registered capital of RMB 6 billion. The company (formerly CNOOC Oil Base Group Limited) consists of 11 specialized branch companies. Its foundation marked the entrance of CNOOC into a new stage of establishing an overall modern enterprise system.
CNOOC EnerTech is a large-scale industry group providing technical services for oil exploration and production, petrochemical and refining, natural gas power generation and LNG. It also engages in chemical derivative production.
In 2009, as an active service provider to the oil and gas development, CNOOC EnerTech formed four core business segments including energy operations and maintenance services, energy comprehensive services, fine chemical products and health care and environment protection services.
Through proactively pursuing the transformation of traditional businesses, accelerating the development of emerging businessesand focusing on enhancing interior driving forces, we have established a distinctive businessmodel comprising a combination of technology, service and product, thus establishing a flexibleand dynamic business system to promote socialisation reform of the mining areas and increasingly contribute to the differentiated value of the Group's industrial chain, dependable service value, ongoing business change value and the coordinated value of economic growth.
Key projects were pushed ahead steadily. Phase 1 of the Industrialisation Base, with a plannedannual production capacity of 50,000 tons of environment-friendly new materials, was built, and it serves as a pioneering model for the optimisation and upgrading of China's paint industry.The project involving comprehensive utilisation of hydrocracking tail oil was commissionedsuccessfully, and this is a new economic growth point in the field of fine chemical products. Abatch of new projects, including LNG carriers, harbour tugs, butyl rubber and ethylene-propylenerubber, entered its actual operational phase.
The characteristic businesses demonstrated more vigour and vitality. We saw much room fordevelopment of the environment-friendly and low-carbon businesses and, therefore, established the first company within the Group to have a business focus on energy conservation and environmentalfriendlinessefforts. The industrialisation effect of LNG cold energy started to emerge. The integratedmanagement of FPSO (Offshore Floating Production Storage and Offloading equipment) andoperational service capability also saw significant successes, while the environment-friendlybusiness for the emergency response to oil spills played a prominent role in coping with emergencies occurring in Chinese waters.
We gradually increased our capacity for providing comprehensive services to parties beyondthe Group. The oil exploration technical services, supervision and monitoring business saw breakthroughs in several projects in the Middle East, Southeast Asia, Africa and America, and itsdomestic market has also started to open up.
Socialisation reform of the mining areas saw actual results. Public transport reforms in the BohaiSea and Western South China Sea mining areas were essentially completed. Plans for the transferof water and gas supply rights were approved. Management functions for public service andfacilities and the agricultural product trading market in Junliangcheng Base city were turned overto the local authorities. The community in the mining area and the comprehensive service providerscan, thus, co-exist in harmony, thereby bringing stability and contributing to the overall reform anddevelopment of the Group.
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