Kvaerner signs Chinese joint venture

Norwegian shipyard group Kvaerner has struck a deal with China’s COOEC for an engineering partnership set to run for the next ten years.

Norway-based Kvaerner has signed a deal with China Offshore Oil Engineering Co. Ltd (COOEC) and thus established the joint venture Kvaerner COOEC Engineering & Technology Ltd (KCET) in China.

The ten year partnership pertains to engineering solutions and is a part of Kvaerner's and COOEC's delivery model for international EPC projects, the Norwegian company writes in a press release.

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