Offshore Energy · March 17, 2026 (21h ago) · 1 min read

New EPC contract for OneSubsea, this time offshore China

Analysis

OilCyprus Editorial

CNOOC has awarded OneSubsea an EPC contract for an offshore project in China. This award signifies continued investment in offshore oil and gas development by CNOOC and strengthens OneSubsea's position in the Chinese market.

Key Facts

CNOOC awarded the EPC contract.
OneSubsea is the recipient of the contract.
The project is located offshore China.

Market Impact

This contract award demonstrates the ongoing commitment to offshore oil and gas production in China, despite global energy transition efforts. It also highlights the competitiveness of OneSubsea in securing significant EPC contracts in the region, potentially influencing other service companies to focus on similar opportunities.

Why This Matters for Cyprus

This contract signals continued investment in offshore oil and gas by a major national oil company, providing opportunities for service companies and indicating sustained demand for offshore technology and expertise.

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