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China's oil old guard is dabbling in wind power

China's offshore oil and gas experts are dipping their toes in wind power, bringing their experience working on the ocean floor and adding a new twist to their portfolios.

Photo: Ming Yang Smart Energy

Cnooc Ltd., the country's top offshore oil explorer, said it wants to use its expertise in marine geology to replicate its success in the offshore wind sector. The company entered its first offshore wind project in Jiangsu province this month. China Oilfield Services Ltd. echoed that view, saying its experience operating in deep waters offers a competitive advantage as the company looks for more contracts in offshore wind services.

"When we see opportunities in building offshore wind farms, we know immediately it would be an easy task for us," Qi Meisheng, chairman of China Oilfield, told reporters on Thursday. "We know offshore geology, we know how to drill and we know how to make the process go as smoothly as it can be.”

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