CNOOC Restructures Specialty Service Companies



China Offshore Oilfield Service Company and China Offshore Oil Shipping Company have been put into operation. China National Offshore Oil Corporation (CNOOC) restructured its specialty service subsidiaries recently. China Offshore Oilfield Service Company and China Offshore Oil Shipping Company kicked off operation on October 31, 2001. CNOOC has so far restructured its specialty service subsidiaries into three service groups, together with China Offshore Oil Marine Engineering Co., Ltd streamlined earlier.

China Offshore Oilfield Service Company integrated former China Offshore Oil Southern Drilling Company, China Offshore Oil Northern Drilling Company, China Offshore Oil Geophysical Corporation, China Offshore Oil Logging Company and Petrotech Services, CNOOC. Mr. Yuan Guangyu has been appointed as general manager of the new company.

Former China Offshore Oil Southern Shipping Company and China Offshore Oil Northern Shipping Company were combined to establish China Offshore Oil Shipping Company. Mr. Yang Yexin assumed the position of general manager of the new company.