Singapore: Vallianz Holdings, an integrated offshore marine solutions provider in the offshore oil and gas industry, has signed a three-year collaboration agreement with COOEC, the largest offshore engineering and construction company in China.
Under the agreement, Vallianz will provide certain offshore support vessels, including submersible launch vessels, to support COOEC’s offshore construction activities and operations. The vessels will be made available to COOEC either by charter, or through the award of a project sub-contracted to Vallianz.
COOEC is also one of the largest EPCI (engineering, procurement, construction and installation) contractors for offshore oil and gas exploration and production projects in the Asia-Pacific region. COOEC is a subsidiary of China National Offshore Oil Corporation (CNOOC), the largest offshore oil and gas producer in China and the third largest national oil company in China focusing on the exploitation, exploration and development of crude oil and natural gas.
Vallianz ceo Darren Yeo said, “Partnering COOEC will present Vallianz with an enormous opportunity to enter the vast offshore oil and gas industry in China.” [04/07/14]