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| Published：2019.07.30 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
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Hilong Holdings and Singapore's established offshore operator set up a joint venture
Ocentra Offshore is principally engaged in market development, technology and project management support for offshore engineering services related to offshore oil and gas fields and infrastructure construction, including the provision of subsea pipeline integration engineering services, offshore platform and jacket transportation and installation engineering services, and water. Under the installation and maintenance of the facility, ship management and leasing business. The new company will hold 51% and 49% shares respectively from Hilong Ocean Engineering and SOC. "The establishment of Ocentra is a strong alliance between Hailong Offshore and SOC. By making full use of Hailong Offshore's ship advantages, general contracting capabilities, SOC market development experience, mature technology and project management personnel, We believe that Ocentra will win projects and profits for both parent companies.” Wang Tao, CEO of Hilong Group, said: “The establishment of Ocentra also marks the endeavor and work of Hailong Haigong for its international peers. Another key step towards a broader international market." It is reported that SOC is a wholly-owned subsidiary of Swiber Holdings Limited, a company listed on the Singapore Exchange. SOC specializes in providing integrated construction and support services for offshore oil and gas field development. It is a well-known quality contractor in the procurement, construction and installation of offshore engineering. Headquartered in Singapore, the company currently operates multiple projects around the world. With extensive experience in bidding, engineering procurement, construction and installation, and transportation and installation projects, SOC has access to major oil companies and customers. The JV will be principally engaged in marketing and provision of plumbing and piping systems integration, marine heavy lifting and installation, submarine connection and underwater maintenance, barge/ship management and leasing services, and any other infrastructure within or outside Singapore. engineering. Hilong Holdings believes that through joint ventures, the two parties can combine their strengths and resources to create greater business value. With Swiber's experience, the Group will be able to take a favorable position, expand its market and increase its visibility in the industry worldwide, especially in Southeast Asia. The joint venture marks a major step forward for the group to develop and expand its business of providing marine services and to realize the group's commitment to develop an international market. It is understood that Hailong Ocean Engineering Co., Ltd. is a subsidiary of Hailong Petroleum Industry Group (Hailong Holdings). Hilong Holdings was established in 2002 and its headquarters is located in Shanghai. Since its establishment, Hilong's industry has developed through horizontal extension and vertical integration, and has realized the leap from providing comprehensive oil pipe coating services to integrated oilfield equipment and service providers with outstanding main industry and complete industrial chain, forming oilfield equipment and oilfields. Services, pipeline technology and services, offshore petroleum engineering, professional research and other business segments. Hilong Holdings entered the international market in 2005 and has established business organizations and networks in the Americas, the Middle East, Russia, North Africa and Europe. In 2011, Hilong Group successfully listed on the Hong Kong main board. Hilong Holdings is currently a large listed entity group that provides high-end oilfield equipment and integrated oilfield technology services for oil and gas development. More than 40 production bases and business branches have been established around the world.
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