COOEC Wins Landmark USD 800 Million Long-Term EPCI Contract from PTTEP for Bundled Phases 4 Project

Offshore Oil Engineering Co., Ltd. (COOEC) has announced the signing of a landmark EPCI contract with Thailand’s national oil company PTTEP for the Bundled Phases 4 Project, valued at approximately USD 800 million. The award sets a new benchmark for Chinese offshore contractors, marking the largest single EPCI contract ever secured by a Chinese enterprise in Southeast Asia. The contract represents another major milestone for COOEC in the Asia-Pacific region following its successful award of the PIC Phase 4 EPCI project in 2024.

The PTTEP Bundled Phases 4 project, located in water depths of approximately 60 to 80 meters, will be executed under a Long-Term Agreement (LTA) framework. The anticipated scope includes the construction of new wellhead platforms and jackets, transportation and installation of existing topsides, installation of risers and PLEMs, pipeline laying, and platform modification works. As the general contractor, COOEC will deliver a comprehensive EPCI solution encompassing project management, detailed design, procurement, fabrication, transportation, installation, and pre-commissioning.

COOEC is now mobilizing an international project management team and consolidating global resources to ensure safe, high-quality, and efficient execution through refined, standardized, and professional project management practices.

The project represents a significant stride in advancing the company’s overseas strategy, reflecting its sustained efforts to strengthen overseas market development and promote high-quality growth in international operations. This achievement underscores COOEC’s steadfast commitment to its strategic vision.

Notably, this marks the second major offshore engineering contract announced by COOEC Engineering in recent times.

On October 21, COOEC announced the formal signing of the BH EPC project contract with QatarEnergy. The announcement revealed that COOEC and QatarEnergy have officially signed a BH EPC contract. The contract covers BH-EPIC 1 and BH-EPIC 2, encompassing EPC scope including management, detailed design, procurement, construction, transportation, installation, and commissioning.

Under the announcement, the project contract is valued at approximately US$4 billion. The contract will take effect in October 2025, with an anticipated completion date of June 2031, featuring multiple intermediate milestones throughout the period.

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