$400 million! Sinopec signs contract for six drilling rigs in Saudi Arabia

2018-04-23

Original title: 400 million US dollars! Sinopec (4.870, 0.01, 0.21%) signed Saudi Arabia 6 drilling rig contract source: one area along the way.




PetroChina oilfield services (2.140, - 0.01, - 0.47%) (600871) announced on November 4 that recently, Sinopec International Petroleum Engineering Co., Ltd., a wholly-owned subsidiary of the company, signed a contract with Saudi Aramco for six unconventional gas well drilling rigs. The contract mode is daily fee system, which is 4 years in the same period, with a total contract amount of 400 million US dollars.




The signing of the above contract further consolidated the company's position as the largest onshore drilling contractor of Saudi Aramco, expanded the application of fracturing team and fracturing equipment in the Saudi market, and further expanded the company's service field in the Saudi market.




Sinopec petroleum engineering and technical services Co., Ltd. (SSC) is the largest comprehensive oil and gas engineering and technical service company in China controlled by Sinopec Group, and also the earliest offshore oil and gas exploration service provider in China. With more than 50 years of business performance and rich project implementation experience, it is the leader of China's integrated whole industry chain oil service.




On June 28, 2012, Sinopec Group carried out the professional integration and reorganization of petroleum engineering, and separated the petroleum engineering business of 8 oil field enterprises, including Shengli Oilfield, Zhongyuan Oilfield, Jianghan Oilfield, Jiangsu Oilfield, North China Petroleum Bureau, Southwest Petroleum Bureau, East China Petroleum Bureau, etc., together with the petroleum Engineering Management Department of the headquarters of Sinopec Group, international petroleum engineering company, Shanghai offshore oil Bureau integration, the establishment of Sinopec Petroleum Engineering Technology Services Co., Ltd. In 2014, the company used Yizheng Chemical fiber listing platform to simultaneously list in Shanghai and Hong Kong. Stock Code: sh600871, hk1033, abbreviated to petrochemicals service.