CNOOC inks deal with SafeHouse

China National Offshore Oil Corp on Monday signed a contract worth 150,000 pounds ($239,385) with Scotland's SafeHouse Habitats Ltd to boost the Chinese firm's safety conditions in offshore platforms.

SafeHouse's patented products will be used to reduce the high cost of production on offshore rigs during repair and maintenance projects, CNOOC said.

According to CNOOC, the Dundee-based company may also move some of its production bases to China.