Kvaerner and China Offshore Oil Engineering Co. Ltd (COOEC) have established an Engineering Joint Venture, Kvaerner COOEC Engineering & Technology Ltd (KCET), located in Qingdao, Shandong, China. KCET is established to carry out and further develop joint engineering capability for international EPC projects.
In April 2013, Kvaerner and COOEC signed a ten year Strategic Cooperation Agreement with respect to global business development. Currently, COOEC is executing a part of the expansion of the Nyhamna onshore processing plant in Norway for Kvaerner. The partners are currently positioning for other international projects.