HONG KONG, Aug. 4, 2014 /PRNewswire/ -- Anton Oilfield
Services Group ("Anton" or the "Group", HKEx stock code: 3337),
the leading independent oilfield services provider in China, is pleased to announce that the Group
is today awarded the contract for a drilling project in southern
Iraq, providing services with two
rigs on a day-rate basis with the mobilization cost covered by the
client. The contract, with a value of about US$50 million, is effective for a period of three
years and also includes an option for an additional period of one
year.
The contract of this project signifies that Anton's Rig Service
has gained recognition in the international market and expanded
overseas. Its successful operation will enhance profitability for
the product line of Rig Service. The Group is of the view that Rig
Service has good growth prospects in Iraq. Anton will witness more market
opportunities abroad as its Rig Service operates smoothly in
overseas projects.
~ End ~
About Anton Oilfield Services Group
Anton Oilfield Services Group (HKEx stock code: 3337) is a
leading independent integrated oilfield services provider. The
Group provides products and services for the entire process of oil
and gas development and production, including reservoir management,
drilling technology, well completion, down-hole operations, oil
production as well as tubular service. With its comprehensive
product lines and integrated service capacity, the Group is
empowered to help oil companies solve their challenges of
increasing production, improving drilling efficiency, lowering
costs and optimizing waste management. Its fast growth benefits
from the accelerating development of natural gas in China and the Group's increased presence in
the overseas markets. The Group's strategic objective is to become
a leading global oilfield services provider with a solid foothold
in China.
The Group is headquartered in Beijing and has established an international
network across China and overseas
markets. In China, the markets
cover the Tarim area, Erdos area, Southwest area and other areas of
China, whereas, the overseas
markets include Iraq and other
Middle East market, Central Asia and Africa market and the Americas market.
Antonoil is the best independent Chinese oilfield services partner,
the best Chinese partner worldwide.
For enquiries, please contact:-
Hill+Knowlton Strategies
Eric Song
Direct: (852) 2894 6264
Email: eric.song@hkstrategies.com
Ka Wai Li
Direct: (852) 2894 6252
Email: kawai.li@hkstrategies.com
SOURCE Anton Oilfield Services Group