The parent company intends to combine the assets of seven service companies into the newly-listed COOOS.
The companies are CNOOC Engineering, CNOOC Shipping, CNOOC Services, CNOOC Finance, CNOOC Investment and Zhonghai Trust & Investment, as well as COOOS.
An IPO application has been submitted to China Securities Regulatory Commission and the Ministry of Finance for approval.
The flotation will be the third following the Hong Kong-listed oil and gas producer CNOOC Limited and the Shanghai-listed engineering arm COOEC, reports Caihua Wang, quoting Hong Kong's Xin Bao.
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