en.Wedoany.com Reported - On April 2, China Dongfang Electric Group Co., Ltd. (hereinafter referred to as "Dongfang Electric") and China National Offshore Oil Corporation (hereinafter referred to as "CNOOC") signed a strategic cooperation agreement in Chengdu. Luo Qianyi, Party Secretary and Chairman of Dongfang Electric, and Zhang Chuanjiang, Party Secretary and Chairman of CNOOC, attended the signing ceremony and held talks. According to the agreement, the two sides will deepen collaboration in 10 major areas including marine engineering and energy equipment, planning to invest over 5 billion yuan within 3 years to tackle core technologies and promote integrated innovation across the upstream and downstream industrial chain.

A Powerful Alliance: Complementary Strengths of Central SOE "National Teams"

Founded in 1958, Dongfang Electric is one of the world's largest energy equipment manufacturers. Its revenue reached 62 billion yuan in 2023 (according to the company's annual report), and it has been listed among ENR's Top 250 International Contractors for 29 consecutive years. Its independently developed 10 MW offshore wind turbine can generate enough electricity annually to meet the needs of 15,000 households, with technical indicators reaching internationally advanced levels.

Established in 1982, CNOOC is China's largest offshore oil and gas producer and operator. Its oil and gas output reached 680 million barrels of oil equivalent in 2023, accounting for over 70% of China's offshore oil and gas market share. Ranked 65th on the 2025 Fortune Global 500 list, it has received a Grade A rating in the SASAC's business performance assessment for 21 consecutive years. CNOOC plans to invest 300 billion yuan in new energy development during the "14th Five-Year Plan" period.

Upgrading Cooperation: From Project Collaboration to Ecosystem Co-construction

Prior to the signing, the two sides exchanged views on deepening strategic cooperation. Luo Qianyi stated: "CNOOC has achieved remarkable results in areas such as increasing reserves and production and green low-carbon transformation. Over the past three years, our two sides have established a solid cooperative foundation through projects such as the supply of 50 sets of offshore wind power equipment (with a failure rate below 0.5%). This agreement will expand cooperation into frontier areas like deep-sea oil and gas development equipment and carbon capture, utilization, and storage, jointly serving the strategy of building a strong energy nation."

Zhang Chuanjiang responded: "Dongfang Electric's technological accumulation in high-end equipment manufacturing is highly aligned with CNOOC's goal of building a world-class energy and resources group. Over the next three years, we will jointly tackle key 'bottleneck' technologies such as 15 MW offshore wind turbines and 3000-meter-class subsea production systems, aiming to reduce import dependency by over 40%."

Three Key Focus Areas: Localization, Cost Reduction, and Security Assurance

Technological Breakthroughs:

Marine Engineering Equipment: Focus on R&D of core equipment like deep-sea drilling platforms and pipelay vessels, targeting an increase in localization rate from 60% to 75% (currently, over 80% of deep-sea equipment relies on imports, according to MIIT data).

Green and Low-Carbon Technologies: Conduct joint experiments on offshore wind-to-hydrogen and offshore carbon storage, with an estimated annual CO2 reduction of 2 million tons (equivalent to the carbon sink capacity of 100 million trees, based on MEE models).

Strategic Support:

After localization of deep-sea oil and gas development equipment, it can support China's target of adding 500 million tons of oil and gas production during the "14th Five-Year Plan" period (as per NEA planning).

Joint offshore wind power projects are expected to reach an installed capacity exceeding 10 GW by 2025, reducing energy import dependency by 2-3 percentage points.

Luo Qianyi concluded: "Through technology sharing and resource integration, we have the potential to achieve global leadership in areas like deep-sea oil and gas and offshore wind power, providing the 'Dongfang Electric-CNOOC' solution for safeguarding national energy security and building a strong maritime nation."

Building a Global Hub for Energy Innovation

This cooperation marks a shift for the two central SOEs from "single-project cooperation" to "whole-industry-chain collaboration." According to the agreement's plan, by 2026, the two sides will establish 3-5 internationally leading technical standards, nurture 10 specialized and sophisticated supporting enterprises, and build an integrated ecosystem encompassing "equipment manufacturing - energy development - carbon asset management."

Luo Qianyi concluded: "Through technology sharing and resource integration, we have the potential to achieve global leadership in areas like deep-sea oil and gas and offshore wind power, providing the 'Dongfang Electric-CNOOC' solution for safeguarding national energy security and building a strong maritime nation."

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