COOEC(SH:600583) Sou Hu Cai Jing·2025-10-13 12:41Core Insights - The Qatar BH EPIC project, with a contract value of approximately $4 billion, marks the largest international offshore oil and gas engineering project undertaken by China, enhancing energy cooperation between China and Qatar and contributing to the Belt and Road Initiative [1][3]. Project Overview - The project is located about 100 kilometers off the eastern coastline of Qatar in the Persian Gulf's Bul Hanine oil field, with a maximum water depth of approximately 40 meters [3]. - It encompasses over 60 individual offshore oil and gas facilities, 40 subsea pipelines, and involves design, procurement, construction, transportation, installation, commissioning, as well as the modification and decommissioning of existing platform facilities, with a steel processing volume exceeding 130,000 tons [3]. Strategic Importance - The project is a continuation of previous contracts in Qatar, showcasing the company's deep engagement in the Middle East market and its role as a bridgehead for overseas projects [4]. - The company has established strong partnerships with major Middle Eastern oil companies, such as Saudi Aramco and Qatar Energy, gaining high recognition for its international engineering capabilities [4]. Future Plans - The company aims to accelerate its international development by integrating domestic standardized design experiences, digital transformation achievements, and complete industrial chain advantages into international project construction [4]. - The goal is to provide high-quality, professional, and valuable comprehensive solutions for marine energy infrastructure construction and economic development in Belt and Road countries, while promoting the participation of domestic upstream and downstream enterprises in global markets [4].