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.
The ratio of upstream to mid and downstream sectors of CNOOC EnerTech was adjusted from 5%:95% as in 2005 to 30%:70% as in 2010. CNOOC EnerTech aggressively pushed on the "enter, exit and transformation" progress in its industrial layout and accelerated the industrial structure adjustment. All its 11 professional service companies recorded profits of over RMB100 million, making increasingly significant contribution to the industrial chain differentialized value, stable service value, sustainable enterprise reform value and economic growth synergy value of the Group.
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