On 22nd November 2017, Hangzhou HollySys Automation Co., Ltd. and CNOOC Energy Development Equipment Technology Co., Ltd. CEET) signed a strategic cooperation agreement for all-round cooperation in Beijing. Both parties will strengthen their teamwork capabilities through the integration of their respective advantageous resources so as to enhance their synergies in the localization strategy of offshore oil platforms and terrestrial terminal core equipment to enhance the core control of China's petroleum equipment system of international competitiveness and service capabilities.

The ceremony was presided over by Mr. Shi Ping, Vice President of Hangzhou HollySys, CNOOC (China) Co., Ltd., HollySys Group, Hangzhou HollySys Automation Co., Ltd., CNOOC Energy Development Equipment Technology Co., Ltd., Tianjin Binhai New Area, China Petroleum and Chemical Automation Leaders of the Association attended the signing ceremony, including more than 100 guests from the industry and media witnessed this momentous occasion.