COOEC(SH:600583) Sou Hu Cai Jing·2025-10-13 13:54Core Insights - The Qatar BH EPIC project, valued at approximately $4 billion, marks the largest international offshore oil and gas engineering contract undertaken by a Chinese company, enhancing energy cooperation between China and Qatar and contributing to the Belt and Road Initiative [1][3]. Group 1 - The project is located about 100 kilometers off the eastern coastline of Qatar in the Persian Gulf, specifically in the Bul Hanine oil field, with a maximum water depth of approximately 40 meters [3]. - The scope of work includes over 60 offshore oil and gas facilities, 40 subsea pipelines, and involves design, procurement, construction, transportation, installation, commissioning, as well as modifications and decommissioning of existing platforms, with a steel processing volume exceeding 130,000 tons [3][5]. - The project team has conducted in-depth research on contract terms and technical requirements, identifying key challenges and developing a detailed implementation and quality management plan to ensure high standards and quality [5]. Group 2 - The Qatar BH EPIC project is a continuation of the company's efforts in the Middle East, following previous projects such as NFA, NFPS COMP2, ISND5-2, and RUYA, showcasing the company's established relationships with major regional oil companies like Saudi Aramco and Qatar Energy [5]. - The company aims to accelerate its international development by integrating domestic standardized design experiences and digital transformation achievements into international projects, providing comprehensive solutions for marine energy infrastructure in Belt and Road countries [7].