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Offshore Oil Engineering Co (SHSE:600583) Construction In Progress : ¥413 Mil (As of Mar. 2024)


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What is Offshore Oil Engineering Co Construction In Progress?

Offshore Oil Engineering Co's quarterly construction in progress increased from Sep. 2023 (¥299 Mil) to Dec. 2023 (¥467 Mil) but then declined from Dec. 2023 (¥467 Mil) to Mar. 2024 (¥413 Mil).

Offshore Oil Engineering Co's annual construction in progress declined from Dec. 2021 (¥939 Mil) to Dec. 2022 (¥661 Mil) and declined from Dec. 2022 (¥661 Mil) to Dec. 2023 (¥467 Mil).


Offshore Oil Engineering Co Construction In Progress Historical Data

The historical data trend for Offshore Oil Engineering Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Offshore Oil Engineering Co Construction In Progress Chart

Offshore Oil Engineering Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 670.87 2,044.01 939.21 660.85 466.52

Offshore Oil Engineering Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 294.11 326.76 298.97 466.52 413.30

Offshore Oil Engineering Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.


Offshore Oil Engineering Co (SHSE:600583) Business Description

Traded in Other Exchanges
N/A
Address
No. 199, Haibin 15 Road, TianjinPort Free Trade Zone, Tianjin, CHN, 300461
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.

Offshore Oil Engineering Co (SHSE:600583) Headlines

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