CNOOC established a service development company in Hainan.

The Qichacha APP shows that recently, CNOOC Service Development Co., Ltd. was established, with Xiang Dong as the legal representative and a registered capital of 30 million yuan. The business scope includes maintenance of communication equipment; sales of communication equipment; sales of machinery and equipment; sales of specialized equipment for oil drilling; sales of instruments and meters, among others. The equity penetration analysis on Qichacha reveals that the company is wholly owned by CNOOC Industrial Co., Ltd., a subsidiary of China National Offshore Oil Corporation.