China’s leading offshore contractor Offshore Oil Engineering Company (COOEC) has made a net profit in the first half of this year as its fabrication activities continued to increase.

The company made a 400 million yuan (US$63 million) in net profit in the first half, with total earnings rising by 15% year-on-year to 7.4 billion yuan.

Stay a step ahead with the Upstream News app
Read high quality news and insight on the oil and gas business and its energy transition on-the-go.