On October 30, BOMESC Offshore Engineering (hereinafter referred to as “BOMECO”) released its Third Quarter Report for 2025.
The report disclosed that BOMECO achieved revenue of RMB 1.323 billion (approximately US$186 million) in the first three quarters, a year-on-year decrease of 24.78%; net profit attributable to the parent company was RMB 23.41 million (approximately US$3.2914 million), a year-on-year decrease of 75.23%; net profit excluding non-recurring items was RMB 9.26 million (approximately US$1.302 million), a year-on-year decrease of 91.55%; and basic earnings per share were RMB 0.0844.
It’s worth noting that on October 8th, BOMECO announced that it and its wholly-owned subsidiary, Tianjin BOMECO Offshore Engineering Company Limited (Tianjin BOMECO), had signed another contract for a floating production storage and offloading (FPSO) project, worth between US$190 million and US$240 million. This project covers the entire value chain, including FPSO topside module design, material procurement, and construction. Upon completion, it will be deployed in the Guyana oilfield, a key global oil and gas producing region, further expanding the company’s influence in the South American energy market.
It is understood that the above contract is BOMECO’s second major FPSO project contract disclosed in 2025. On January 16 this year, BOMECO announced that it had signed a construction contract with STS VOF for the FPSO top module, with a contract value of RMB 750 million to RMB 1 billion (approximately US$105 million to US$141 million). The main scope of work includes the design, material procurement and construction of the FPSO topside module.
BOMECO is a Chinese listed company specializing in providing professional modular design, construction, and integration services for oil and gas development, natural gas liquefaction, and other fields. The company’s business covers EPC (Engineering, Procurement, and Construction) projects for high-end equipment such as offshore oil and gas field facilities and liquefied natural gas (LNG) modules, with clients primarily being internationally renowned energy companies.
Its production base is located in Tianjin, China, possessing large-scale steel structure manufacturing and modular assembly capabilities, making it a significant player in the domestic and international energy engineering field.