Offshore Technology · May 22, 2026 (May 22) · 1 min read

Wood wins design contract for Bul Hanine EPIC2 project

Isometric technical illustration of offshore oil and gas operations with drillship and support vessel — Illustration: Qatar Energy

Analysis

AI-assisted analysis · reviewed by Yuri Kan

Wood has been awarded a contract by COOEC to perform detailed design work for QatarEnergy's Bul Hanine EPIC2 project offshore Qatar. This award signifies continued investment in offshore oil and gas infrastructure in Qatar and highlights Wood's expertise in offshore engineering.

Key Facts

Wood secured a contract from China Offshore Oil Engineering Company (COOEC).
The contract is for detailed design work.
The project is QatarEnergy’s Bul Hanine EPIC2 project, located offshore Qatar.

Market Impact

This contract award demonstrates continued investment in brownfield projects within the Middle East's offshore oil and gas sector. It suggests a focus on maintaining and potentially expanding existing production capacity rather than solely focusing on new exploration. The involvement of both a Western engineering firm (Wood) and a Chinese EPC contractor (COOEC) highlights the global nature of major energy projects.

Why This Matters for Cyprus

This award indicates ongoing activity and investment in the mature Bul Hanine field, providing opportunities for other service companies and demonstrating QatarEnergy's commitment to maintaining its production capacity.

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