Mission accomplished: Chinese rig rescuer opens new chapter

As SinoOcean Offshore Assets Management embarks on a new strategy, Upstream takes a look back at how the company helped China's marine engineering sector navigate a tumultuous period in the global rig market

SinoOcean Prosperous, formerly known as Energy Engager, was ordered in 2013 by Shandong Marine’s rig owner Northern Offshore and completed in 2017 but was left idle at Cosco’s Dalian yard due to a lack of employment amid the global oil market downturn. — SinoOcean Prosperous, formerly known as Energy Engager, was ordered in 2013 by Shandong Marine’s rig owner Northern Offshore and completed in 2017 but was left idle at Cosco’s Dalian yard due to a lack of employment amid the global oil market downturn.Photo: COSCO

Xu Yihe

Asia CorrespondentSingapore

Published 9 March 2025, 23:28Updated 10 March 2025, 06:56

China SINOOCEAN Offshore Assets Management CNOOC SASAC Asia & Oceania