The hottest offshore oil project goes deep into th

2022-09-22
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COOEC ploughed deep into the South China Sea to build a 3.5 billion offshore equipment manufacturing base

COOEC ploughed deep into the South China Sea to build a 3.5 billion offshore equipment manufacturing base

China Construction machinery information

Guide: the general meeting of shareholders of COOEC reviewed and approved the targeted additional issuance plan, and the 3.5 billion yuan fund-raising will be used to invest in the construction of scroll spring fatigue testing machine protection tricks type 2: Zhuhai deepwater offshore equipment manufacturing base. The person in charge of the company said that the project will further improve the company's deep-water business capacity, and the implementation process will match the deep-water development process. It is planned to have access to

the shareholders' meeting of COOEC reviewed and approved the private placement plan, and the 3.5 billion yuan raised fund will be used to invest in the construction of Zhuhai deepwater offshore engineering equipment manufacturing base. The person in charge of the company said that the project will further improve the company's Deepwater business capacity, and the implementation process will match the Deepwater development process. It is planned to meet the conditions for receiving orders by the end of June this year; The company will meet the offshore construction conditions in the South China Sea in mid March, and is expected to enter the peak production period in 2013

insiders believe that benefiting from the continuous improvement of the prosperity of the offshore equipment industry and the large capital expenditure of CNOOC, it may take several hours to speed up. COOEC has passed the performance inflection point, and it is expected that the business volume will rise steadily this year and next

deep ploughing the deep-water cake in the South China Sea

COOEC plans to issue no more than 640million shares in a non-public manner and raise no more than 3.5 billion yuan to build a semi crystalline polymer manufacturing base project for Zhuhai deep-water offshore engineering equipment to develop the company's deep-water business. Among them, the subscription of CNOOC shall not be less than 70%. The total investment of the project is expected to be about 10.106 billion yuan, which will be implemented in five phases. The construction period of the first phase is from 2012 to 2014. According to the person in charge of the company, 36% of the planned workload of the first phase of the base has been completed, and it is expected that the conditions for receiving orders will be met by the end of June. "The process of the project will match the deep-water development process. The workload comes from the construction of domestic conventional water modules and jackets, the overseas market, and the preparation for deep water."

the person predicted that the company would have offshore construction conditions in the South China Sea in mid March. Among them, the "blue whale" is going through customs clearance procedures, and the assembly work is ready; "Offshore oil 201" has been preparing to lay the follow-up 75 km submarine pipeline at the Liwan site since March 12 (18 km have been laid last year). It is expected that all the pipelines will be paved by the end of May this year, with a total water depth of 1480 meters; "Lanjiang" plans to return from Saudi waters at the end of March and put into operation in domestic waters; "Offshore oil 202" is going to Liuhua block for pipe laying

however, the person also admitted that at present, the company's Deepwater business is only limited to the laying of submarine pipelines, and the great development of deepwater business still needs to wait for major discoveries of oil and gas exploration in the South China Sea. Although the company has no clear deepwater revenue plan at present, it is certain that a large part of the company's growth potential in the future will come from deepwater

some brokerage analysts said that deep water will be a major focus of the company's future growth, but the risk of the South China Sea is still not negligible; In terms of the current business increment, it mainly comes from the domestic conventional sea areas

the business volume rebounded steadily

the performance of COOEC fell sharply in 2010 and 2011, and the insufficient increment of engineering projects was regarded as the main reason for the poor performance at that time. The person in charge of the company said that due to the increase of workload in offshore and overseas markets, the company's performance began to grow in 2011. It is expected that 2013 will enter the peak production period and continue to achieve considerable growth on the basis of 2012. The person predicted that the company's performance will maintain a steady growth trend this year and next, and the weight of B thallium and C thallium should be appropriately increased

the person in charge also said that in recent years, the company has also strengthened the development of overseas markets and accelerated the construction of Zhuhai site. At present, the operating capacity has been recognized by foreign customers. In the future, even if the quantities in the domestic market fluctuate, there will be overseas markets as a supplement

insiders believe that the offshore oil and gas development is speeding up day by day, and the cycle prosperity of the offshore equipment industry is constantly improving. Under this background, the business volume of COOEC will rise rapidly this year and next. In addition, CNOOC's capital expenditure in 2013 increased by more than 40% year-on-year, which will also play a great role in driving the business volume of COOEC. According to the Research Report of Andersen securities, CNOOC's annual capital expenditure will maintain a growth rate of%, of which about 22% will be converted into CNOOC engineering income. In 2012, the company's performance is expected to increase by 350%, and the newly signed contract amount is expected to reach a record high of 100 million yuan, which will become a turning year for the continuous and steady growth of the company's performance

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