China Offshore Oil Engineering eyes more revenue from abroad by 2015, executive says

China Offshore Oil Engineering (Qingdao) Co Ltd, a unit of crude and gas producer CNOOC Ltd, is looking to increase its revenue from overseas markets to around 70 percent by 2015 from the present 27 percent, a top company official said on Tuesday.

Chen Baojie, general manager of COOEC Qingdao, said the company has a steady pipeline of orders from several international oil and gas companies like Royal Dutch Shell Plc and Exxon Mobil Corp.

"We used to focus on equipment supplies for the domestic offshore oil exploration market. We are now looking to make a mark in the overseas markets," said Chen.