CHINESE contracting giant Offshore Oil Engineering Company (COOEC) is set for a record high offshore projects workload this year, with strong domestic activity expected to drive a 20% growth in revenue. The company warned, however, of impending challenges in the international project arena, where delays at two key projects were responsible for a weaker top line last year than was forecast. COOEC said late last week that it expects revenues this year to be 20% above the 17.86 billion yuan ($2.75 billion) earned last year, which was up from 14.7 billion in 2019. COOEC had, however, expected revenues to rise 40% year-on-year.
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