China Securities Regulatory Commission (CSRC) has released an IPO prospectus for CNOOC Energy Technology & Services, an fully owned subsidiary of state run energy giant China National Offshore Oil Corporation.
CNOOC Energy Technology & Services provides technical services for oil exploration and production, petrochemical and refining, natural gas power generation, and liquefied natural gas.
The company will become the third listed offshore service unit of CNOOC after China Oilfield Service and CNOOC Engineering.
The company plans to raise RMB3.1bn ($463m) from the IPO, with RMB1.5bn ($224m) earmarked for the repayment of debts.
