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Successful commencement of Honghua’s first oil and gas engineering services project in Kazakhstan oi

soruce:manager    click:3799    time:2011-07-07

Honghua’s oil and gas engineering project in Kazakhstan - Project FIAL recently officially commenced. The project is the first independent oil and gas engineering services project that Honghua Group and its subsidiary, Honghua Oil and Gas Engineering Services Limited (Honghua Oil & Gas) have successfully won in bidding. Honghua not only provides a self-manufactured 7000-meter drilling rig and an expert engineering team for the project, but also provides a one-stop drilling rig solution package according to the drilling requirements of the project and realizes domestic sale of products, motivating the business development of the Group. With the concerted effort of all members of the Group, the project has successfully commenced, which not only signifies that Honghua Oil & Gas has entered into the global drilling services market, but also indicates that the Group has successfully extended its production chain to the downstream oil and gas engineering services sector in order to expand income sources and motivate the implementation of the Group’s long-term development strategy. Looking forward, Honghua will continue to improve its research and development capability and production technology so as to facilitate the interactive development of the core drilling rig manufacturing business and the oil and gas engineering services sector. The Group is well-prepared for the business opportunities arising from the steady development of the global oil and gas engineering market. The Group will steadily develop the oil and gas engineering services business as one of the driving forces to reinforce Honghua’s long-term business development.

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