On August 21, 2025, Shanghai Ou Yang Offshore Group ("Ou Yang Offshore") and Odfjell Technology ("OTL") held a strategic partnership ceremony at OTL's Southeast Asia headquarters. The collaboration marks a significant milestone as both parties join forces to strengthen their presence in the shallow water offshore oil and gas market and embark on a new chapter of green and sustainable development.

The ceremony was attended by Mrs. Elisabeth Cecilie Haram (Executive Vice President, OTL), Mr. Kurt Meinert Fjell (Executive Vice President Operations, OTL), Mr. Paul Toner (Vice President-Middle East & Asia Pacific, OTL), Mr. Cameron Manifold (Managing Director, Global Energy Transition), and Mr. Peter J Harris (Chief Operating Officer, Global Energy Transition). Representing Ou Yang Offshore were Mr. Cang Jie (Executive Director) and Mr. Shao Xu (Chief Executive Officer).

With a legacy spanning over 50 years, OTL is a globally renowned offshore oil and gas services provider with an outstanding industry reputation and a track record of delivering landmark achievements. Ou Yang Offshore, as one of China's leading offshore engineering technology service providers, has established a comprehensive, full-cycle industrial chain encompassing research and design, ship construction management, ship management, and offshore construction services. In addition, Ou Yang Offshore has accumulated extensive experience and data in the design, construction, and operation of jack-up and has successfully installed and maintained over 600 offshore wind turbines to date.

The strategic alliance between two industry leaders aims to deliver tailored, reliable, efficient, and innovative solutions for the shallow water offshore oil and gas market. By combining their expertise and resources, Ou Yang Offshore and OTL are poised to inject new vitality into the industry’s sustainable development, setting a new benchmark for collaboration in the sector.