Recently, the signing ceremony for the Hilong Marine High-end Equipment R&D, Manufacturing, and Operation & Maintenance Service Base Project was held. The base is located in Qidong City, Jiangsu Province, China.
This project has settled in Lvsi Port Economic Development Zone of Qidong City. With a total investment of 350 million US dollars (approximately RMB 2.4 billion) and a land area of about 500 mu (approximately 33.33 hectares), it will be constructed in two phases.
The project mainly engages in the R&D, manufacturing, operation and maintenance services of offshore engineering platforms and modules. Its products will be sold to domestic and overseas markets, covering Europe, America, Southeast Asia, the Middle East, Africa and other regions.
Upon full completion and operation, the project will achieve an annual output of over 150,000 tons of high-end equipment, with an estimated annual sales revenue of about RMB 3 billion.
According to records, the project is being implemented by Qidong Hilong Marine Engineering Co., Ltd., which is a wholly-owned subsidiary of Hilong Marine Engineering (Hong Kong) Limited and an indirect wholly-owned subsidiary of Hilong Holdings Co., Ltd.
Qidong Hilong Marine Engineering Equipment Co., Ltd. was established in March 2026 with a registered capital of $60 million. Its core business includes ship design, construction, and repair; marine engineering equipment manufacturing; marine engineering design and module design and manufacturing services; and marine engineering platform equipment manufacturing.
Hilong Holding Group is a large publicly traded conglomerate that provides high-end oilfield equipment and comprehensive oilfield technical services for oil and gas development. Integrating research, production, and services, the group has established dozens of production bases and business branches worldwide.