27 Jul 2018
China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China. This decision follows the announcement of a Heads of Agreement in December 2015 between the two partners. Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC’s ongoing project to build additional chemical facilities next to CSPC’s petrochemical complex.
Hebei Jingbo Petroleum Machinery Co.,Ltd. is the first grade supplier of CNPC, SINOPEC and CNOOC. Jingbo has 30 years’experience in the oilfield hoses area and is the leading manufacturer of rotary drilling hose, choke & kill hose, BOP hose and hammer union. As China’s first API authorized manufacturer of oilfield hoses, Jingbo has got the certificates of API Spec 7K-0376, API Spec 16C-0374, API Spec 16D-0109, API Spec Q1-2085 and API ISO9001-2008.