First minister announces Scotland-China partnership agreement

First minister announces Scotland-China partnership agreement

The First Minister has witnessed the signing of an agreement between Aberdeen based Triton Marine & Engineering Consultants and China Offshore Oil Engineering Corporation (COOEC), a subsidiary of China’s 3rd largest National Oil Company, China National Offshore Oil Corporation (CNOOC).

Triton director Sean Holland visited Beijing to sign the deal alongside, Mr. Jin Xiaojian, president of COOEC.

The deal will see COOEC provide inward investment in to Triton over the next two years, allowing the company to grow its team in Aberdeen to support COOEC, and giving them the capacity to bid for large decommissioning, EPCi and wind projects.

The partnership comes after months of negotiations which have seen COOEC’s senior management visit Scotland.

First Minister, Nicola Sturgeon, said: “This agreement is great news for the oil and gas industry in Scotland and for Aberdeen in particular. CNOOC’s investment is further evidence that Scotland is increasingly seen by international markets as a fantastic place to do business and invest.”

Mr Holland said: “We are delighted to have secured this significant partnership with COOEC, one of the largest EPCi companies in the Asia Pacific Region. COOEC have substantial decommissioning experience and have recently completed a significant Decommissioning project for Chevron Thailand, receiving their highest safety award.

“Although Triton and COOEC come from different economic and cultural regions we have the same goal – to supply innovative integrated solutions to the Oil and Gas and Wind industries. We believe with COOEC’s vast capabilities, expertise and experience we can offer a fresh approach in the North Sea.

“COOEC’s inward investment into Scotland is the first key step to ensuring the long term success of this venture, and will provide a foundation upon which we will build together.

“I want to extend a special thanks to Scottish Development International, who have provided both Triton and COOEC with excellent support, as well as the Team at Triton, who have worked diligently to ensure the future success of this partnership.”