State-owned Chinese firm opens key Dundee marine base
A Chinese state-owned engineering services firm has opened its first UK subsidiary, in Dundee, as it looks to tap into the multi-billion market for decommissioning of oil and gas infrastructure in the North Sea.
The China Ocean Engineering Shanghai Co (COES) has invested £500,000 in offices on Dundee’s waterfront and will initially employ up to 15 members of staff.
The operation will focus on both offshore decommissioning and renewables in the UK and Europe. The decommissioning of North Sea platforms and pipelines is estimated to be worth some £17.6 billion for companies in the sector. Up... read more
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