Honghua signed a contract of onshore drilling rig with NDC
soruce：manager click：6291 time：2014-01-02
On Nov.20th, 2013,Honghua signed a contract of onshore drilling rig with NDC in value of onehundred and thirty-five million US dollars (0.135 billion US dollar) about tenbillion and sixty million Hongkong dollars. The contract is another cooperationfruit between NDC and Honghua after a three- hundred- million US dollarscontract, about twenty three hundred million thirty five million US dollarscontract of artificial island rig before. NDC is one of the biggest oil and gasdrilling service company in Middle East, providing hi-quality drilling andworkoverservice . The NDC rig made by Honghua can satisfy the harsh workingenvironment in Middle East. Since December of 2011, Honghua has signed contractwith NDC for a value of more than five hundred million US dollars, about 3.925 billionHongkong dollars. According to the new contract, Honghua will manufacture forNDC two packages 9000 meters 3000hp rig for artificial island drilling whichwill be delivered in the year 2015. Honghua and NDChave established long term and deep cooperation relationship, which will bringbig moment for Honghua to develop Middle East market. The contract with NDC isa demonstration of hi-quality and cost effectiveness and a proof ofacknowledgement of high-end customer to Honghua product. The contract with NDCwill also improve Honghua’s brand reputation and competition capabilitygloably. All the time, Honghua emphasizes the research and development ofproduct, and long term mutual beneficial relationship with customer. In thefuture, Honghua will improve its competition ability further, keep theprinciple of customer-oriented, and invent bigger investment return for ourshareholders.” Commented by Mr.Zhangmi, Chairman of Honghua Group.
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