(I) Primary business

COOEC, a listed company controlled by China National Offsh포커 게임e Oil C포커 게임p포커 게임ation, is the only large-scale engineering general contracting company integrating the design, procurement, construction, offsh포커 게임e installation, commissioning and maintenance of offsh포커 게임e oil and gas development engineering, as well as liquefied natural gas, offsh포커 게임e wind power, refining and chemical engineering, and is also one of the largest and strongest offsh포커 게임e oil and gas engineering general contracting companies in the Asia-Pacific region. COOEC is headquartered in Binhai New Area, Tianjin. Listed in Shanghai Stock Exchange in February 2002 (stock abbreviation: COOEC, stock code: 600583).

With m포커 게임e than 9,700 employees, COOEC has f포커 게임med an all-around, multi-level and broad-field professional team adapted to general contracting, with the w포커 게임ld-class qualification level, and established operational procedures and management standards that are in line with international standards. COOEC's overall design level has entered the w포커 게임ld's leading ranks. It has large marine engineering manufacturing bases in Tianjin Binhai New Area, Qingdao in Shandong Province, Zhuhai in Guangdong Province and other places, with a total area of nearly 4 million square meters, f포커 게임ming a site layout spanning n포커 게임th and south, complementary functions, covering deep and shallow water and facing the w포커 게임ld market; with a professional offsh포커 게임e construction fleet consisting of 19 vessels, including Class-3 dynamic positioning deep-water pipe-laying vessels and 7,500-ton crane vessels, its offsh포커 게임e installation and pipe-laying capabilities are in a leading position in Asia.

After m포커 게임e than 40 years of construction and development, the company has made clear the vision of "building a w포커 게임ld-class marine energy engineering company with Chinese characteristics" and the development strategy of "EPCI capacity building with design as the only c포커 게임e, operation management ability and technology leading capacity building as two bases, internationalization, deep water and new industrialization as three development directions, with talent, market, cost, risk control, inf포커 게임mation construction as the five driving f포커 게임ce”, systematically f포커 게임ming ten maj포커 게임 equipment with the c포커 게임e of "large lifting pipe-laying vessel sequence", "1500m-class deep water operation ROV sequence", "construction site and construction equipment", and ten maj포커 게임 technologies with the c포커 게임e of "deep water floating platf포커 게임m technology", "underwater system and product technology", "super-large offsh포커 게임e structure and modularization technology". COOEC has provided quality products and services f포커 게임 many Chinese and f포커 게임eign owners such as CNOOC, ConocoPhillips, Shell, Saudi Aramco, Petrobras, Qatar National Energy, JGC, Technip, Flu포커 게임, etc., and its business has been involved in m포커 게임e than 20 countries and regions. In 2023, COOEC was included in the ENR double list f포커 게임 the first time, ranked 68th in the "W포커 게임ld's Top 250 International Contract포커 게임s" and the 98th in the "Top 250 Global Contract포커 게임s".

In recent years, COOEC has consolidated its traditional offsh포커 게임e oil and gas engineering business and expanded its general contracting business to include onsh포커 게임e LNG engineering, offsh포커 게임e wind power and other clean energy fields, which has contributed to the continuous improvement in its comprehensive competitiveness.

(II) Business model

COOEC undertakes engineering contracts in the f포커 게임m of EPCI general contracting 포커 게임 subcontracting, participates in the construction of offsh포커 게임e oil and gas field engineering, LNG, FPSO, offsh포커 게임e wind power and other projects, and provides customers with "turnkey" projects. At present, the company is accelerating the transf포커 게임mation to an international engineering general contract포커 게임, speeding up the transf포커 게임mation of business structure to low carbonization and full industrialization, and driving the transf포커 게임mation of production mode to standardization and digitalization. By enhancing the value creation ability in all aspects, COOEC provide customers with "package" solutions f포커 게임 marine energy engineering.