China Offshore Oil established a new energy company in Shanwei.

According to Qichacha APP, recently, China National Offshore Oil Corporation New Energy Limited was established, with Zhang Chuantao as the legal representative and a registered capital of 1 billion RMB. Its business scope includes contract energy management, power generation business, power transmission business, power supply business, installation, maintenance, and testing of power transmission, supply, and receiving power facilities. Qichacha's equity penetration shows that the company is indirectly wholly owned by China National Offshore Oil Corporation.