Greater China

Hilong enters into offshore oil service

Shanghai: The Chinese oilfield equipment and service provider, Hilong Holding, announced that the company’s wholly-owned subsidiary, Hilong Marine Engineering (Hong Kong), has purchased an underwater pipelaying barge from Zhenhua at acost of $163.6m.

The barge is capable of laying pipes 8,300 m underwater.

“Entering into offshore oilfield services is in line with the trend of global energy industry. The company's selection of pipe-laying business as its starting point to march into offshore oilfield services sufficiently utilizes the group's existing technological advantages in high-end pipeline coating services,” said Zhang Jun, chairman and ceo of Hilong. [02/01/13]

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